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Eddie Arnez

earnez@rodeore.com +1(954) 305-1314

$ 870,000

Est. payment | -/mo

5 Baths

3,800 SqFt

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$ 870,000

Est. payment | -/mo

Save

5 Baths

3,800 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,800 sqft

Price per Sqft $228

Subdivision Sunrise Park

MLS Listing ID CV26070291MR

Year Built 1967

Annual Tax Amount $10,732

Lot Size 10,018 Sqft

Property Sub-Type Multi-Family

Property 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 floor 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.

Location

State CA

County Riverside

Area Palm Springs Central

Interior

Laundry Community

Exterior

Garage Spaces 8.0

Pool None

Community Features Sidewalks

Building

Story 1

Sewer Public Sewer

Water Public

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by MARCUS & MILLICHAP

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(954) 305-1314

earnez@rodeore.com

12345 Ventura Blvd, Studio City, CA 91604, USA

3737 E Calle De Carlos Palm Springs, CA 92264

Eddie Arnez

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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3737 E Calle De Carlos