Tri-Star Realty
Listed by Tri-Star Realty
$15,885,000
Mountain View Villas
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 27,435
Net Rentable (SqFt) 795,672
Units 17
Cap Rate 5.01%
NOI $795,672
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Pro-Forma Cap Rate 5.01%
Pro-Forma NOI $795,672
Price per SqFt $579
Class A
Year Built 2026
Buildings 1
Stories 2
Acreage 1.580
Zoning Builder
Parking Spaces 60 spaces
Parking per 1,000 SqFt 2.19
Newly Built Gated Luxury Townhome Community with Solar, Pool, Private Yards & Large Floor Plans
Marketing description
Newly Built Gated Luxury Townhome Community with Solar, Pool, Private Yards & Large Floor Plans Mountain View Villas - Brand-New 17-Unit Luxury Townhome Community in Cathedral City An exceptional opportunity to acquire Mountain View Villas, a newly built, gated 17-unit townhome community located in Cathedral City, California. This modern, energy-efficient multifamily asset offers new construction, large floor plans, private outdoor space, rental appeal, and utility savings for tenants. The community features spacious 3- and 4-bedroom townhomes with bright open-concept living areas, bonus loft space, private backyards, dedicated laundry rooms, stainless steel appliances, induction cooktops, quartz countertops, and all-electric systems. All 4-bedroom homes include 2-car garages plus 2 additional private parking spaces, providing a parking ratio rare for comparable rentals. Built with energy efficiency in mind, Mountain View Villas is designed to offer residents substantial monthly savings, with no gas bills and greatly reduced or potentially no electricity bills depending on usage and solar production. This creates a leasing advantage and helps position the property as one of Cathedral Citys best values for spacious, modern, low-utility-cost living. The gated community includes high-tech gated entry, swimming pool, BBQ and outdoor gathering areas, security patrol, private backyards, and desert mountain views. The property is pet-friendly, further expanding the tenant pool. Conveniently located within walking distance to the high school, library, and post office, and minutes f
Investment highlights
Investment Highlights
- Brand-New 17-Unit Luxury Townhome Community in Cathedral City, offering investors a rare opportunity to acquire new construction in a growing Coachella Valley rental market.
- Large 3- and 4-Bedroom Townhome Floor Plans with bonus lofts, private backyards, dedicated laundry rooms, modern finishes, quartz countertops, stainless steel appliances, induction cooktops, and electric dryers.
- Strong Tenant Appeal with Utility Savings — all-electric design, solar, no gas bills, and energy-efficient construction create a major leasing advantage for renters seeking lower monthly housing costs.
- Highly Desirable Parking Ratio — 4-bedroom homes include 2-car garages plus 2 additional private parking spaces, a significant advantage over many competing rental properties.
- Gated Community Amenities including pool, BBQ/outdoor gathering areas, high-tech gated entry, security patrol, private yards, and desert mountain views.
- Federal Opportunity Zone Location offering potential tax advantages for qualified investors who invest through a properly structured Qualified Opportunity Fund.
- New Construction Rent-Control Advantage — California’s statewide AB 1482 rent cap and just-cause restrictions generally do not apply to residential units built within the last 15 years, calculated on a rolling basis. Buyer should verify all local and state rental regulations with counsel.
- Excellent Long-Term Rental Demand from families, professionals, and corporate renters seeking larger modern homes near schools, services, shopping, dining, entertainment, and major Coachella Valley employment centers.
- Compelling Lease-Up / Stabilization Opportunity with luxury finishes, family-sized layouts, private outdoor space, and energy-cost savings that help distinguish the property from older apartment inventory.
- Strategic I-10 Logistics Corridor Location — Mountain View Villas is positioned near Interstate 10 and the rapidly expanding Desert Hot Springs / North Palm Springs industrial corridor, including Amazon’s new Desert Hot Springs facility, the 1M+ sq. ft. TradeWay Logistics project, the approved 1M+ sq. ft. Snider Logistic Center, and other large-scale logistics developments that may support long-term housing demand from employees, managers, contractors, and corporate tenants.
- Near Major I-10 Employment Growth — close to the expanding Desert Hot Springs / North Palm Springs logistics corridor, including Amazon’s new facility and multiple 1M+ sq. ft. industrial/distribution projects, supporting future rental demand from workers, managers, contractors, and corporate tenants.
Listing Contacts
Tri-Star Realty
Listed by Tri-Star Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$795,672.00
$66,306.00/mo
Valuation Metrics
0
DSCR
5.01%
Cap Rate
5.01%
ROI
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