Active

3737 E Calle De Carlos

Palm Springs, CA 92264

$870,000 $3,667/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

10,018

Sqft(Lot)

Description

We are pleased to present the opportunity to acquire a five-unit multifamily investment property located at 3737 E Calle De Carlos in Palm Springs, California. Located in the Demuth Park submarket, the offering presents a value-add opportunity for an investor seeking to reposition and stabilize an asset in an established Palm Springs rental market. One unit is currently occupied, providing a new owner with significant flexibility to implement their desired renovation strategy, lease available units at market rents, and establish a new rent roll as the asset is stabilized. Built in 1967, the five-unit building consists of approximately 3,800 square feet of rentable living area situated on an approximately 10,018-square-foot lot. The unit mix consists of five large ±700-square-foot studio fl oor plans featuring open layouts and private rear patios. Additional features include open parking and an on-site laundry room. Ownership pays water, sewer, and trash, while electricity is individually metered in this all-electric building. Each unit is equipped with wall-mounted air conditioning. Classic interior finishes provide a foundation for a new owner to implement their own renovation and design strategy.The asset is situated in a well-established residential area with convenient proximity to Palm Springs International Airport, Palm Springs High School, and the retail, dining, and entertainment amenities of Downtown Palm Springs. Its central location provides convenient access to major employment, transportation, and lifestyle destinations throughout the city. The offering provides a value-add investor with substantial flexibility to renovate, reposition, and establish a new rent roll at market rates, creating a clear path toward stabilization and improved operating performance.

Property Details

Property Type : ResidentialIncome

Price : $870,000

AD Id : 76677788

MLS Id : CV26070291

Lot Size : 10,018 Sqft

Tax Amount : 10732.00

Year Built : 1967

County : Riverside

Subdivision: Coral Groves

Map

What's Nearby

Nearby Areas

Features

Building Information

Year Built: 1967

Building Area Total: 3800

Stories: 1

Pool Features: None

Private Pool: No

Lot Information

Main Square Feet: 10018 Lot Size Acres: 0.23 Lot Size Source: PublicRecords Lot Size Square Feet: 10,018 Lot Description: TwoToFiveUnitsAcre

Property Information

Subdivision: Sunrise Park (33257) Source Property Type: ResidentialIncome Property SubType: Apartment Levels: One Property Age: 59

Listing Price Information

Listing Price: $870000

Original Price: $925000

Cash, CashToNewLoan

Tax Information

Parcel Number: 680045002 Tax Lot: 22 Annual Tax: $10732

Parking Information

Parking Total: 8

Location Information

Direction: Located on Calle De Carlos and El Placer Rd WaterSource: Public

Sell a home like this and save $51,701 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1914 Marguerite Street, Palm Springs, CA, 92264	$725,000	3	2	1,550	6,970 Sqft
1941 Marguerite Street, Palm Springs, CA, 92264	$774,000	4	2	1,750	8,712 Sqft
145 Calle Arriba, Palm Springs, CA, 92264	$183,000	2	1	1,392	704,365 Sqft
145 Sage Drive, Palm Springs, CA, 92264	$260,000	2	2	1,440	4,356 Sqft
5191 E Lakeside Dr, Palm Springs, CA, 92264	$1,780,000	3	3	2,292	10,890 Sqft
2063 S Broadmoor Drive, Palm Springs, CA, 92264	$1,489,000	4	3	2,336	8,276 Sqft
4385 E Paseo Caroleta, Palm Springs, CA, 92264	$825,000	4	2	1,592	7,405 Sqft
4267 E Sunny Dunes Road, Palm Springs, CA, 92264	$395,000	2	1	1,065	6,534 Sqft
4318 E Mesquite Avenue, Palm Springs, CA, 92264	$900,000	3	2	1,850	6,534 Sqft
4140 E Calle San Antonio, Palm Springs, CA, 92264	$570,000	3	2	1,807	6,534 Sqft