Palm Springs Multifamily Investment
For Sale
$799,000
Pending
3737 E Calle De Carlos, Palm Springs, CA 92264
Five-unit income property in Palm Springs' Demuth Park submarket.
Property Size3,800 SF
Lot Size0.23 Acres
Days on Market209
Property Features for 3737 E Calle De Carlos
General Information
Standard status
Pending
Size
3,800 SF
Lot size
0.23 Acres
Property subtype
Multi-Family
Listing Agency:
MARCUS & MILLICHAP
Listed By:
Gisele Pinedo gisele.pinedo@marcusmillichap.com · License #(S):CA:02188347
(909) 456-3477
Source:
Viewsandiegorealestate
Added: Mar 31
Changed: Oct 23
Last Checked: Oct 24 at 5:14PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,509
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,230,180
$1.2M
Cap Rate 7%
$878,700
$878.7K
Cap Rate 9%
$683,433
$683.4K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$114.0K $30.00/SF
− Vacancy
−$2.2K −$0.57/SF
EGI
$111.8K $29.43/SF
− OpEx
−$50.3K −$13.24/SF
NOI
$61.5K $16.19/SF
Area
Riverside County, CA
Vacancy
1.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,230,180
Cap Rate 7%
$878,700
Cap Rate 9%
$683,433
Alternative Uses
Best Use
Apartment 5plus
$878.7K
$768.9K – $1.03M
NOI $61,509 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$996.1K – $1.33M
NOI $79,689 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
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Business Placement
Demographics for 92264, CA
19,254
Population
17,518
Households
1.1
Avg Household Size
61
Median Age
48%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
378
Density / Sq Mi
$75,246
Median Household Income
$46,756
Median Earnings
$1,581
Median Rent
$498,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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 E Calle De Carlos Palm Springs, CA.
What is the asking price?
The asking price for this property is $799,000.
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
