3737 E Calle De Carlos 5 Unit Apartment Building $1,273,290 CAD ($254,658 CAD/Unit) 5.75% Cap Rate Palm Springs, CA 92264

Marcus & Millichap Real Estate Investment Services is pleased to present the opportunity to acquire a multifamily investment property located at 3737 E Calle De Carlos in Palm Springs, California. The offering provides investors with the opportunity to acquire a five-unit income-producing asset in the Demuth Park submarket of Palm Springs, an area supported by consistent rental demand and proximity to key lifestyle and employment drivers. The property is offered at $925,000 and is currently performing at a 5.75% cap rate.
Built in 1967, the property consists of approximately 3,800 square feet of rentable living area and is situated on an approximately 10,018 square foot lot. The unit mix consists of large studio floor plans with open layouts and private rear patios. The property features open parking and an on-site laundry room, providing convenience for tenants. Utilities including water, sewer, and trash are currently paid by ownership, while the property is individually metered for electricity (all-electric building). Each unit is equipped with wall-mounted air conditioning units. The property maintains classic interior finishes, offering a foundation for future operational improvements.
Located in the Demuth Park neighborhood, the property benefits from a well-established residential setting with close proximity to Palm Springs High School, Palm Springs International Airport, and the retail and dining amenities of downtown Palm Springs. The property’s proximity to the airport provides convenient access for both residents and local employees, while the surrounding area continues to demonstrate stable rental demand driven by Palm Springs’ year-round appeal.
The property presents an ideal opportunity for a first-time multifamily investor or a 1031 exchange buyer looking to grow their portfolio with long-term appreciation potential.