BRIEF PROJECT LOCATION, DESCRIPTION AND IMMEDIATELY SURROUNDING PROPERTIES. The subject is a multifamily property totaling 185 units located on a 21.67-acre site at 68200 33rd Avenue in Cathedral City, Riverside County, California 92234. The immediately surrounding properties include: Multifamily residential land uses to the North; Dinah Shore Drive followed by single-family residential land uses and a golf course to the South; single-family residential land uses to the East; and undeveloped desert terrain identified as the "White Water River Channel" to the West. The assessor's parcel number is 680-340-007. The improvements were built in 2004, are in average condition and have a remaining economic life of 60 years. The improvements consist of 34 one to two-story wood-framed multifamily residential apartment buildings. The buildings contain a total of 185 dwelling units and 207,759 square feet of net rentable space. In addition, the subject property includes a leasing office/clubhouse, 43 garage structures, five laundry buildings (a sixth laundry room is also provided at the leasing office/clubhouse building), three pool lanai/restroom buildings, a maintenance building, a mail kiosk structure, and one unenclosed lanai structure. There are also three in-ground swimming pools, two tot pools, two playgrounds, and a basketball court provided at the subject property.