Spanish-Style Triplex with
For Sale
$1,550,000
3760 El Dorado Boulevard, Palm Springs, CA 92262
Palm Springs, CA
Property Size3,351 SF
Lot Size0.22 Acres
Price / SF$462.55
Days on Market132
Property Features for 3760 El Dorado Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 6, Laundry Room, Kitchen, Bathroom 5, Bathroom 6, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 3
Parking
6
Parking features
Garage, Assigned
Spa
1
Pool private
1
Subdivision
Gateway Highlands (33107)
Lot features
Back Yard
Elementary school district
Palm Springs Unified
Middle school district
Palm Springs Unified
High school district
Palm Springs Unified
Directions
N Indian Canyon Dr, take West on Rosa Parks Rd, North El Dorado Blvd
Standard status
Active
APN
669414055
Size
3,351 SF
Lot size
0.22 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central
Cooling system
Central Air
Water source
Public
Amenities
pool
spa
Building Details
Year built
2006
Floors in Building
2
Number of units
3
Architectural style
Spanish
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Tony Choi · License #01783581
(949) 992-8199
Added: Apr 21
Changed: Aug 29
Last Checked: Aug 30 at 4:06AM
MLS# OC26086763
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2006, this 3,351-square-foot triplex combines Spanish architectural detailing with three residential units. The property is fully leased and includes open living layouts, high ceilings, and upgraded interior finishes. One ground-level residence has a private yard, while the two upper residences offer oversized balconies with mountain views. A private pool and spa add outdoor amenities for residents.
The property occupies 0.22 acres at 3760 El Dorado Boulevard in Palm Springs, California. On-site parking includes a garage and assigned spaces. Central air conditioning and forced-air heating serve the building, with public water and public sewer in place.
The property occupies 0.22 acres at 3760 El Dorado Boulevard in Palm Springs, California. On-site parking includes a garage and assigned spaces. Central air conditioning and forced-air heating serve the building, with public water and public sewer in place.
Key Highlights
- Three‑unit residential property totaling 3,351 square feet
- Fully leased triplex built in 2006
- Spanish architectural style with open layouts and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,877
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,177,540
$1.2M
Cap Rate 7%
$841,100
$841.1K
Cap Rate 9%
$654,189
$654.2K
Market Conditions
NOI Build-Up for 3,351 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$85.7K $25.56/SF
− Vacancy
−$1.5K −$0.46/SF
EGI
$84.1K $25.10/SF
− OpEx
−$25.2K −$7.53/SF
NOI
$58.9K $17.57/SF
Area
Riverside County, CA
Vacancy
1.80%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,177,540
Cap Rate 7%
$841,100
Cap Rate 9%
$654,189
Alternative Uses
Best Use
Multifamily LT 5
$841.1K
$736.0K – $981.3K
NOI $58,877 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$774.9K
$678.0K – $904.0K
NOI $54,241 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$1.00M
$878.4K – $1.17M
NOI $70,273 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Explore this area
Business Placement
Demographics for 92262, CA
26,593
Population
19,940
Households
1.3
Avg Household Size
54
Median Age
42%
College-Educated
93%
High-School Grad
35.1 sq mi
ZIP Area
758
Density / Sq Mi
$70,514
Median Household Income
$42,940
Median Earnings
$1,420
Median Rent
$600,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Fully leased three-unit property with balconies, a private yard, and shared pool and spa amenities.
Where is this triplex located?
The property is located at 3760 El Dorado Boulevard Palm Springs, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Three‑unit residential property totaling 3,351 square feet; Fully leased triplex built in 2006; Spanish architectural style with open layouts and high ceilings
