67590 Jones Road, Cathedral City, CA 92234 (MLS# 219151829)

67590 Jones Road, Cathedral City, CA 92234

$3,599,890

picture showing , BOOmers , Target, Trader Joe`s nearby

Property Type: Commercial Sale Square Footage: 16,500 Status: Active

Current Price: $3,599,890 List Date: 9/14/2026 Last Modified: 9/14/2026

Overview

Description

%9.5 CAP rate proforma!it is a 10 unit x 2 bed/2 bath each hotel, previously a condominium complex , that may still be converted into a condo or a time share, as Title is still not fully converted! At approximately $210 per sq.ft the asking price is way below the replacement cost and not even including price of land and so on.... Located at a perfect hide-a-way location that is away from Hwy 111 but walking distance to Target, Boomers,Trader Joe's,restaurants and service plazas, car dealerships, public transportation and one street away from Hwy 111, the main transport way of the Desert connecting all of the cities in Coachella Valley. Property is currently operationg as a hotel and is ready to be taken to the next level and be exploited to its full capacity. All 10 units , at 2 bed /2bath each , are fully furnished , throughout , and are similar but slightly different in terms of layout and furnishings. Look at the attached inventory list! Some of the rooms are on the bottom a ... (Read more) %9.5 CAP rate proforma!it is a 10 unit x 2 bed/2 bath each hotel, previously a condominium complex , that may still be converted into a condo or a time share, as Title is still not fully converted! At approximately $210 per sq.ft the asking price is way below the replacement cost and not even including price of land and so on.... Located at a perfect hide-a-way location that is away from Hwy 111 but walking distance to Target, Boomers,Trader Joe's,restaurants and service plazas, car dealerships, public transportation and one street away from Hwy 111, the main transport way of the Desert connecting all of the cities in Coachella Valley. Property is currently operationg as a hotel and is ready to be taken to the next level and be exploited to its full capacity. All 10 units , at 2 bed /2bath each , are fully furnished , throughout , and are similar but slightly different in terms of layout and furnishings. Look at the attached inventory list! Some of the rooms are on the bottom and some are on the second level . The current owner operates the property as a hotel and is a resident in the property so only 9 of the units are utilized but a buyer should be able to use all 10 units.Current operating capacity is around %30-%35 and property is only advertised on AIR B & B , with prices ranging from $300 to $900 per night depending on season and events-Coachella Valley Music festival, Stagecoach music festival , Indian Wells Tennis Tournament and many others are world-wide events and draw millions of visitors to the Desert and hotels command premium prices for those . Proforma , attached in documents , shows an AirB& B average daily rate to be $405 -since it is a 2bed/2bath.The daily rate X %57 occupancy-which is very conservative and can easily go to %80 occupancy-which is normal for the Desert ,shows the profit for the year to be $839000 . Deducting the actual expenses , supplied by the ownership, we have net income of $559879. Deducting the actual capital improvements we have $344,879 , and then if divided by asking price the CAP rate is %9.5 . there are 10 attached garages, with 4 additional covered parking spaces and 7 extra parking spots-6 regular-1 handi-capped.

Listing Details MLS# 219151829

General Property Information

Approx SqFt: 16500
SqFt Source: Assessor
Lot Size Source: Assessor
Divisible SqFt: 1650
Largest Contiguous SqFt: 1650
Year Built: 1989

Property Features

Business Type: Hospitality Sale Type: Standard Listing Terms: Cash; Conventional; Owner May Carry; Other Lot Features: Garden; Lot 20000-39999 SqFt; Near Public Transit; Park Nearby; Secluded; Walk Street Parking Features: Additional Parking; Alley Access; Asphalt; Assigned; Covered; Garage; Off Site; On Site; On Street; Private; Other Asset Class: Hotel/Motel; Specialty Road Surface Type: Alley Paved; Asphalt; Paved Road Frontage Type: City Street Exterior Features: Lighting; Misting System; Other Commercial License: Professional Land Use: Mobile Home Park Signage: Sign Freestanding Exterior Construction: Combination; Frame; Plaster; Stucco Heating: Central; Forced Air Laundry: Community; Laundry Area; Own; Room Security Safety: Automatic Gate; Card/Code Access; Community; Exterior Security Lights; Fire Sprinklers; Gated Community; Resident Manager Roofing: Flat; Foam Water: On Site Utilities: 220V Throughout; Electricity Available; Natural Gas Connected; Phone Connected; Sewer Available; Sewer Connected; Water Connected; Water Meter on Property; See Remarks Electric: Heavy Disclosures: City Inspection Record Search Only

Listing Location and Property Info

APN: 681310029
Original List Price: 3599890
Property Sub-Type: Hotel/Motel
Street #: 67590
Street Name: Jones
Street Suffix: Road
County: Riverside
State: CA
Zip Code: 92234
Area: 336 - Cathedral City South
Country: US

Listing Info

Accounting Type: ProForma

Status Change Info

Status Change Date: 2026-09-14

Parking SpacesInformation

Total Carport Spaces: 4
Total Covered Spaces: 14
Total Uncovered/Assigned Spaces: 7
Total Parking Spaces: 25

More Information

Documents

OM-offering memorandum ›

Listing Office: Windermere Real Estate

Listing Agent: Slavyan S Panayotov

Last Updated: September - 14 - 2026

Information deemed reliable but not guaranteed.