Fourplex with In-Unit
For Sale
$899,000
3775 El Dorado Blvd, Palm Springs, CA 92262
Each residence has a dedicated laundry area, with two units renovated and another currently being updated.
Property Size3,558 SF
Price / SF$252.67
Days on Market149
Property Features for 3775 El Dorado Blvd
General Information
Standard status
Active
Size
3,558 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Amenities
in-unit laundry
Building Details
Building Size
3,558 SF
Year Built
1965
Construction
mid-century
Listing Agency:
Re/Max Desert Properties
Listed By:
Eric Yoshimura · License #02130714
(760) 905-5071
Source:
Blacklabelregroup
Added: Jun 4
Changed: Oct 26
Last Checked: Oct 26 at 3:33PM
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 Re/Max Desert Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential property in Palm Springs contains 3,558 square feet and was built in 1965. Each apartment has two bedrooms, one bathroom, and a dedicated laundry area. Two units have been renovated, a third is in progress, and the remaining unit is occupied. The roof was replaced in 2025.
Renovated apartments include features such as mini-split systems, European-style cabinetry, tankless water heaters, new appliances, and luxury vinyl plank flooring. Some bathrooms have porcelain tile and rainfall showers with adjustable jets. The property combines a defined unit layout with a mix of completed and ongoing interior work.
Renovated apartments include features such as mini-split systems, European-style cabinetry, tankless water heaters, new appliances, and luxury vinyl plank flooring. Some bathrooms have porcelain tile and rainfall showers with adjustable jets. The property combines a defined unit layout with a mix of completed and ongoing interior work.
Key Highlights
- Four apartments, each with 2 bedrooms, 1 bathroom, and a laundry area
- 3,558 square feet; built in 1965
- Roof replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,514
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,250,280
$1.3M
Cap Rate 7%
$893,057
$893.1K
Cap Rate 9%
$694,600
$694.6K
Market Conditions
NOI Build-Up for 3,558 SF
Gross rent
$90.9K $25.56/SF
− Vacancy
−$1.6K −$0.46/SF
EGI
$89.3K $25.10/SF
− OpEx
−$26.8K −$7.53/SF
NOI
$62.5K $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 Rate 5%
$1,250,280
Cap Rate 7%
$893,057
Cap Rate 9%
$694,600
Alternative Uses
Best Use
Multifamily LT 5
$893.1K
$781.4K – $1.04M
NOI $62,514 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$822.7K
$719.9K – $959.9K
NOI $57,592 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$1.07M
$932.7K – $1.24M
NOI $74,614 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
288
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has a dedicated laundry area, with two units renovated and another currently being updated.
Where is this quadplex located?
The property is located at 3775 El Dorado Blvd Palm Springs, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms, 1 bathroom, and a laundry area; 3,558 square feet; built in 1965; Roof replaced in 2025
