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… Read More 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 property’s 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 property presents an ideal opportunity for a first-time multifamily investor or a 1031 exchange buyer looking to grow their portfolio with long-term appreciation potential.
Please do not disturb tenants. Interior Inspection is subject to an accepted offer. Read Less
Property listed by MARCUS & MILLICHAP, Gisele Pinedo 310-259-7556
Listing Snapshot
Days Online
1
Last Updated
Property Type
Apartment
Lot Size
0.23 Acres
Year Built
1967
MLS Number
CV26070291
Additional Details
Building
Built in 1967, 1 building, 1 storey, Levels: One, Entry level: 1, Entry location: Front
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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