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33950042
33950043

33040 Rancho Vista Drive, Cathedral City, CA 92234

Tri-Star Realty
Listed by Tri-Star Realty
$14,885,000
3 days on market
Updated 3 days ago

33040 Rancho Vista Drive

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 27,435
Net Rentable (SqFt) 608,382
Units 17
Cap Rate 4.10%
NOI $608,382
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Pro-Forma Cap Rate 4.10%
Pro-Forma NOI $608,382
Price per SqFt $543
Class A
Year Built 2026
Buildings 3
Lot Size (SqFt) 68,875
Zoning Multifamily
Parking Spaces 58 spaces
Parking Per SqFt 2.11
Sale Condition N/A

About This Property

Marketing description

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 luxury townhome community located in the heart of Cathedral City, California. This modern, energy-efficient multifamily asset offers a rare combination of new construction, large family-sized floor plans, private outdoor space, strong rental appeal, and valuable utility-cost advantages for tenants.

The community features spacious 3- and 4-bedroom townhomes, each designed with bright open-concept living areas, bonus loft space, private backyards, dedicated laundry rooms, stainless steel appliances, induction cooktops, quartz countertops, and modern all-electric systems. All 4-bedroom homes include 2-car garages plus 2 additional private parking spaces, providing a highly desirable parking ratio rarely found in comparable rental communities.

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 powerful leasing advantage and helps position the property as one of Cathedral City’s best values for spacious, modern, low-utility-cost living.

The gated community includes attractive resident amenities such as a high-tech gated entry, community 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 for today’s rental market.

Conveniently located within walking distance to the high school, library, and post office, and just minutes from downtown Cathedral City, Agua Caliente Casino, shopping, dining, and entertainment, Mountain View Villas is well positioned to attract long-term tenants, families, professionals, and corporate renters seeking larger modern homes in the Coachella Valley.

With brand-new construction, luxury finishes, large floor plans, strong rental demand, energy-efficient design, and a desirable gated community setting, Mountain View Villas offers investors a rare opportunity to acquire a high-quality multifamily asset in one of the Coachella Valley’s growing rental markets.

Property Highlights

  • Brand-new 17-unit luxury townhome community
  • Gated Mountain View Villas community in Cathedral City
  • Spacious 3- and 4-bedroom floor plans
  • Bonus loft space ideal for office, study, or play area
  • Private backyards for each home
  • Modern all-electric construction with no gas bills
  • Solar and energy-efficient features designed to reduce tenant utility costs
  • Stainless steel refrigerators, induction cooktops, electric dryers, and quartz countertops
  • Dedicated laundry rooms
  • Select units include 2-car garages plus 2 additional private parking spaces
  • Community swimming pool, BBQ area, gated entry, and security patrol
  • Walking distance to school, library, and post office
  • Minutes to downtown Cathedral City, Agua Caliente Casino, shopping, dining, and entertainment
  • Strong appeal for families, professionals, and corporate renters
  • Excellent long-term rental and investment potential

Federal Opportunity Zone Investment Location

Mountain View Villas is located in a Federal Opportunity Zone, creating an additional potential investment advantage for qualified buyers and investors. Opportunity Zone properties may offer significant federal tax benefits to eligible investors who invest through a properly structured Qualified Opportunity Fund and meet the applicable IRS requirements.

For qualified investors, Opportunity Zone benefits may include the potential to defer eligible capital gains invested into a Qualified Opportunity Fund and, for investments held long term, the potential for favorable tax treatment on future appreciation. IRS guidance states that investors may temporarily defer tax on eligible gains invested in a Qualified Opportunity Fund until an inclusion event or December 31, 2026, whichever is earlier. The IRS also states that if a qualifying Opportunity Zone investment is held for at least 10 years, the investor may be able to increase the basis to fair market value on the date of sale or exchange, potentially excluding qualifying post-investment appreciation from federal capital gains tax. Buyers should consult their own tax, legal, and financial advisors regarding eligibility and structure.

This Opportunity Zone location may be especially attractive to investors with recent or anticipated capital gains who are seeking a long-term real estate investment with new construction, strong rental appeal, and potential federal tax advantages.

Contact for Additional Information

For additional information, including details regarding the property, rental opportunity, and potential Federal Opportunity Zone tax benefits, please contact one of the owners:

Fred Brilman

702-328-5002

805-202-8806

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.
  • 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.

Listing Contacts

Tri-Star Realty
Listed by Tri-Star Realty

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Loan Amount
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Annual Cash Flow
$608,382.00
$50,698.50/mo

Valuation Metrics

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DSCR
4.09%
Cap Rate
4.09%
ROI

Map

Zoning

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RM ResidentialMulti FamilyMultiple Family Residential
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Carl
License
West
Brokerage
homelisters
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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