Home | Riverside County | Palm Springs | 92264 | 3737 E Calle De Carlos
MLS: CRCV26070291 | Status: | Price: $750,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 10,018 | 1967 |
We are pleased to present the opportunity to acquire 3737 E Calle De Carlos, a five-unit multifamily investment property located in the Demuth Park submarket of Palm Springs, California. Offered at $799,000, the property presents a unique value-add opportunity with four of the five units currently vacant, providing a new owner with immediate flexibility to execute their preferred investment strategy. Investors may elect to lease the available units in their current configuration, renovate and reposition the interiors, or explore converting the large studio floor plans into one-bedroom units to further enhance rental income and long-term value. Built in 1967, the property consists of approximately 3,625 square feet of rentable living area situated on an approximately 0.23-acre lot. The unit mix consists of five large studio / one-bathroom units averaging approximately 725 square feet, each featuring an open floor plan and private rear patio. Additional features include open parking and an on-site laundry room. The all-electric property is individually metered for electricity, while ownership pays water, sewer, and trash.At the current asking price, leasing the vacant units at market rents in their existing studio configuration results in a projected stabilized cap rate of approxi
| Field | Value |
|---|---|
| MLS # | CRCV26070291 |
| MLS Source | California Regional MLS |
| Feature | Details |
|---|---|
| Laundry | Community Facility |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
| HOA Fee | $0 |
Gisele Pinedo
MARCUS & MILLICHAP
License #: 02188347
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 1 | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Palm Springs High School | public | 9-12 | 0.93 mi | 5 |
| Desert Learning Academy | public | K-12 | 0.98 mi | 3 |
| Virtual Pre | public | UG | 0.99 mi | N/A |
| Agua Caliente Elementary School | public | K-5 | 1.16 mi | 4 |
| Mt. San Jacinto High School | public | 9-12 | 1.87 mi | 2 |
| Cahuilla Elementary School | public | K-5 | 1.94 mi | 3 |
| Landau Elementary School | public | K-5 | 2.10 mi | 3 |
| Katherine Finchy Elementary School | public | K-5 | 2.43 mi | 4 |
| Raymond Cree Middle School | public | 6-8 | 2.69 mi | 5 |
| Rio Vista Elementary School | public | K-5 | 3.00 mi | 5 |
| Sunny Sands Elementary School | public | K-5 | 3.07 mi | 5 |
| Cathedral City High School | public | 9-12 | 3.14 mi | 4 |
| James Workman Middle School | public | 6-8 | 3.26 mi | 5 |
| Vista Del Monte Elementary School | public | K-5 | 3.33 mi | 3 |
| Nellie N. Coffman Middle School | public | 6-8 | 3.40 mi | 4 |
| Cathedral City Elementary School | public | K-5 | 3.41 mi | 6 |
| Rancho Mirage High | public | 9-12 | 4.09 mi | 6 |
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This listing information is up-to-date as of November 06, 2026. For the most current information, please contact Gisele Pinedo.