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37250 Bankside Drive, Cathedral City, CA 92234

Property

37250 Bankside Drive, Cathedral City, CA 92234 Sold September 2026 CRMLS
$1,540,000Sold September 2026

Listing Agent: Ryan Loria (DRE #02006138) · Listing Office: Triqor Group · Contact: 949-756-3232 · Bought with: Ryan Loria · Triqor Group · MLS #PW26156345 · Source: CRMLS

15,682 sqft
Lot Size
1963
Year Built
Property
Type
0
Garage
Yes
Pool

How this sale compares

37250 Bankside Drive sold for $1,540,000 in September 2026, 14% under its $1,800,000 list price, after 36 days on the market. Across 418 closed sales in 92234 over the last 12 months, the median sold price is $426,500 and the median is $273 per square foot.

$273
92234 median per sq ft (12 mo)
$426,500
92234 median sold price (12 mo)
418
Closed sales in 92234 (12 mo)
36
Days on market
−14%
Sold vs. list price
QuarterClosed sales in 92234Median sold price
Q1 202647$325,000
Q2 2026223$419,000
Q3 2026147$472,500
Q4 20261$715,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Cathedral City · Homes for sale in 92234

Description

We are pleased to present Bankside Apartments, well-maintained and upgraded 12-unit apartment community located in Cathedral City, CA. The property offers an attractive unit mix consisting of spacious, single-story Studio, 1-bedroom, and 2-bedroom units. Eleven of the twelve units have been thoughtfully renovated with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless sinks, and dual-pane windows. The community features a sparkling swimming pool within a gated courtyard, central heating and air conditioning, an on-site laundry facility, open parking, and all-new electrical panels. Bankside Apartments presents a compelling value-add opportunity with approximately 45% upside in rental income. Through the continued implementation of market rents, a new owner has the potential to significantly increase cash flow and achieve an estimated 8.2% capitalization rate, making this an attractive investment in one of the Coachella Valley’s strongest rental markets.

Listing description from the September 2026 sale, as reported to CRMLS.

Sale history

$1,540,000
Sold September 2026 · listed $1,800,000, on market July 2026, 36 days on market · MLS #PW26156345 · Source: CRMLS
Listing Agent: Ryan Loria · Listing Office: Triqor Group · Contact: 949-756-3232 · Bought with: Ryan Loria · Triqor Group

Recent sales near 37250 Bankside Drive

Closed sales reported in 92234, nearest first, last 12 months. All recent sales in Cathedral City →

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Sale history for this address is based on MLS-reported closed transactions provided through CRMLS. Information is deemed reliable but not guaranteed and should be independently verified. Nalren does not provide price estimates or valuations.

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