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285 Kavenish Dr - Rancho Mirage Country Club 2,314 SF Flex Condo Unit Offered at $864,619 CAD in Rancho Mirage, CA 92270
EXECUTIVE SUMMARY
Investor Opportunity – 5.18% Cap Rate | Leased Through Sept 2026! • Fully furnished & turnkey 2BD + den (or 3rd BD) home in desirable Rancho Mirage Country Club, located directly across the street from the new Cotino community by Disney (www.cotino.com) • Long-term tenant in place through Sept. 30, 2026, with option to extend 2 additional years • Excellent 5.18% cap rate – immediate, stable income and proven rental history • Over 2,300 sq. ft. of beautifully maintained living space with golf course & mountain views • Major updates: New roof & A/C unit (2025) • High ceilings, skylights, plantation shutters, wet bar & open-concept layout • Expansive private patio + 2-car garage with golf cart space • HOA covers: roof, exterior paint/stucco, cable TV, internet, landscaping, guard gate & more • Community amenities: 4 heated pools/spas + 10-hole golf course with low annual fee • Approved entitlement from the City of Rancho Mirage for the revitalization and redevelopment of the Rancho Mirage Country Club interior golf course area—an exciting master-planned enhancement to the community (www.dbrds.com/masterplan/rmcc) Turnkey, income-producing property in one of the desert’s most sought-after gated communities—directly opposite Disney’s visionary new Cotino development and within a city-approved redevelopment master plan—offering exceptional long-term appreciation potential, secure returns, and enduring value from day one!
PROPERTY FACTS
| Total Building Size | 2,314 SF | Typical Floor Size | 2,314 SF |
| Property Type | Multifamily (Condo) | Year Built | 1998 |
| Property Subtype | Apartment | Lot Size | 0.10 AC |
| Building Class | B | Parking Ratio | 0.86/1,000 SF |
| Floors | 1 | ||
| Zoning | PUDA - Planned Unit Development | ||
| Total Building Size | 2,314 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 2,314 SF |
| Year Built | 1998 |
| Lot Size | 0.10 AC |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | PUDA - Planned Unit Development |
1 UNIT AVAILABLE
Unit 1
| Unit Size | 2,314 SF | Cap Rate | 5.18% |
| Price | $864,619 CAD | NOI | $44,752.66 CAD |
| Price Per SF | $373.65 CAD | No. Parking Spaces | 2 |
| Condo Use | Flex | APN/Parcel ID | 685-231-045 |
| Sale Type | Investment |
| Unit Size | 2,314 SF |
| Price | $864,619 CAD |
| Price Per SF | $373.65 CAD |
| Condo Use | Flex |
| Sale Type | Investment |
| Cap Rate | 5.18% |
| NOI | $44,752.66 CAD |
| No. Parking Spaces | 2 |
| APN/Parcel ID | 685-231-045 |
DESCRIPTION
Investor Opportunity – 5.18% Cap Rate | Leased Through Sept 2026!
- Fully furnished & turnkey 2BD + den (or 3rd BD) home in desirable Rancho Mirage Country Club, located directly across the street from the new Cotino community by Disney (www.cotino.com)
- Long-term tenant in place through Sept. 30, 2026, with option to extend 2 additional years
- Excellent 5.18% cap rate – immediate, stable income and proven rental history
- Over 2,300 sq. ft. of beautifully maintained living space with golf course & mountain views
- Major updates: New roof & A/C unit (2025)
- High ceilings, skylights, plantation shutters, wet bar & open-concept layout
- Expansive private patio + 2-car garage with golf cart space
- HOA covers: roof, exterior paint/stucco, cable TV, internet, landscaping, guard gate & more
- Community amenities: 4 heated pools/spas + 10-hole golf course with low annual fee
Approved entitlement from the City of Rancho Mirage for the revitalization and redevelopment of the Rancho Mirage Country Club interior golf course area—an exciting master-planned enhancement to the community (www.dbrds.com/masterplan/rmcc)
Turnkey, income-producing property in one of the desert’s most sought-after gated communities—directly opposite Disney’s visionary new Cotino development and within a city-approved redevelopment master plan—offering exceptional long-term appreciation potential, secure returns, and enduring value from day one!
SALE NOTES
The tenant is under lease through September 30, 2026, and has expressed willingness to enter into a new lease for an additional two-year term.
+24 More
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Dining Room
Kitchen
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Presented by
Monterey Shore Holdings LLC
285 Kavenish Dr - Rancho Mirage Country Club
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