Request More Info
Schedule a Showing
Share
Print
|
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 large 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.
Property Type(s):
Residential Income
| Last Updated | 4/1/2026 | Tract | Sunrise Park (33257) |
|---|---|---|---|
| Year Built | 1967 | Community | 332 - Central Palm Springs |
| County | Riverside |
Additional Details
| AREA | 332 - Central Palm Springs |
|---|---|
| LOT | 10019 sq ft |
| LOT DIMENSIONS | 10018 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Sunrise Park (33257) |
| TAXES | 10732 |
| WATER | Public |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with MARCUS & MILLICHAP
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
Twitter
Facebook
Email