3737 E Calle De Carlos, Palm Springs, CA 92264
3737 E Calle De Carlos, Palm Springs, CA 92264
3737 E Calle De Carlos, Palm Springs, CA 92264
3737 E Calle De Carlos, Palm Springs, CA 92264
3737 E Calle De Carlos, Palm Springs, CA 92264
3737 E Calle De Carlos, Palm Springs, CA 92264
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Shannon Guiragossian

Shannon Guiragossian

+1(760) 537-9002
$ 799,000
Est. payment | /mo

5 Beds

5 Baths

3,800 SqFt

Save
$ 799,000
Est. payment | /mo
Save

5 Beds

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 $210

Subdivision Sunrise Park

MLS Listing ID CV26070291MR

Bedrooms 5

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 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 approximately 6.74%, providing an attractive return without requiring substantial repositioning. For investors seeking additional upside, the combination of large floor plans, private patios, and four available units creates an opportunity to renovate and reposition the interiors or explore one-bedroom conversions, subject to buyer verification. Located in an established Palm Springs residential neighborhood, the property benefits from convenient proximity to Palm Springs International Airport, Palm Springs High School, and the retail, dining, and entertainment amenities of Downtown Palm Springs. Overall, 3737 E Calle De Carlos presents a compelling value-add opportunity with multiple paths to increased income and long-term value. With four units available for immediate repositioning, a new owner has the flexibility to lease the studios at market rents, renovate and enhance the existing units, or explore converting the large studio floor plans into one-bedroom units. The offering combines a clear path to stabilization with multiple opportunities to enhance income and create long-term value.

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

TheMLS (CLAW)
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

Shannon Guiragossian

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

+1(760) 537-9002

shannongrealestate@gmail.com

36923 Cook St Suite B101, Palm Desert, CA 92211, USA

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3737 E Calle De Carlos