14
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$925,000
Est. payment /mo
4 Baths
10,018 Sqft Lot
Active
3737 E Calle De Carlos Palm Springs, CA 92264
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Sunrise Park (33257)
MLS Listing ID CV26070291
Lot Size 10,018 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present the opportunity to acquire a multifamily investment property located at 3737 E Calle De Carlos in Palm Springs, California. The offering provides investors with the opportunity to acquire a five-unit income-producing asset in the Demuth Park submarket of Palm Springs, an area supported by consistent rental demand and proximity to key lifestyle and employment drivers. The property is offered at $925,000 and is currently performing at a 5.75% cap rate. Built in 1967, the property consists of approximately 3,800 square feet of rentable living area and is situated on an approximately 10,018 square foot lot. The unit mix is comprised of 5 large 700 Sq Ft Studio floor plans with open layouts and private rear patios. The property features open parking and an on-site laundry room, providing convenience for tenants. Utilities including water, sewer, and trash are paid by ownership, while the property is individually metered for electricity (all-electric building). Each unit is equipped with wall-mounted air conditioning units. The property maintains classic interior finishes, offering a foundation for future operational improvements. The property benefits from a well-established residential area with close proximity Palm Springs International Airport, Palm Springs High School, and the retail and dining amenities of downtown Palm Springs.The propertys proximity to the airport provides convenient access for both residents and local employees, while the surrounding area continues to demonstrate stable rental demand driven by Palm Springs year-round appeal.The
Location
State CA
County Riverside
Zoning Public Rec
Direction Located on Calle De Carlos and El Placer Rd
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 680045002
Acceptable Financing Cash
Listing Terms Cash
Listed by Gisele Pinedo, DRE#02188347 MARCUS & MILLICHAP
NEARBY SCHOOL & BUSINESS