Palm Springs Multifamily Investment
3737 Calle De Carlos Palm Springs, CA 92264
3737 Calle De Carlos, Palm Springs, CA, 92264
$870,000
For Sale
$870,000
Five-unit income property in Palm Springs' Demuth Park submarket.
Property Size3,800 SF
Lot Size0.23 Acres
Price / SF$228.95
Days on Market108
Property Features for 3737 Calle De Carlos
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Lot size
- 0.23 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1967
Listing Agency
MARCUS & MILLICHAP
(909) 456-3400
Listed by
GISELE PINEDO · License #(S):CA:02188347
Source
Corcoran
Added: Apr 2 Checked: Jul 17 at 4:05 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MARCUS & MILLICHAP
Investment Insights
Based on property information with market context.
Located at 3737 E Calle De Carlos in Palm Springs, California, this multifamily investment property offers an opportunity to acquire a five-unit income-producing asset. Constructed in 1967, the property features approximately 3,800 square feet of rentable living area on an approximately 10,018 square foot lot. The unit mix consists of large studio floor plans with open layouts and private rear patios. Open parking and an on-site laundry room are available for tenants. The property is individually metered for electricity and each unit is equipped with wall-mounted air conditioning units. Water, sewer, and trash utilities are paid by ownership. The property is located in the Demuth Park submarket of Palm Springs, an area with consistent rental demand and proximity to key lifestyle and employment drivers, and benefits from a well-established residential area with close proximity to Palm Springs International Airport and Palm Springs High School. The property maintains classic interior finishes, offering a foundation for future operational improvements.
Key Highlights
- Five‑unit income‑producing property in Palm Springs, California
- Located in the Demuth Park submarket, an area with consistent rental demand
- Currently performing at a 5.75% cap rate
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.0k | $30.00 |
| − Vacancy | −$2.2k | −$0.57 |
| EGI | $111.8k | $29.43 |
| − OpEx | −$50.3k | −$13.24 |
| NOI | $61.5k | $16.19 |
3,800 SF · lease $30.00/SF/yr · vacancy 1.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$878.7K
$768.9K – $1.03M
NOI $61,509 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$996.1K – $1.33M
NOI $79,689 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit income property in Palm Springs' Demuth Park submarket.
Where is this apartment building located?
The property is located at 3737 Calle De Carlos Palm Springs, CA.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Five‑unit income‑producing property in Palm Springs, California; Located in the Demuth Park submarket, an area with consistent rental demand; Currently performing at a 5.75% cap rate
