Description

We are 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. This investment provides an opportunity for a new owner to renovate units, lease at market rents, and stabilize the property to maximize cash flow. 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 is comprised of 5 large ±700 Sq Ft 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 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. The property benefits from a well-established residential area with close proximity Palm Springs International Airport, Palm Springs High School, 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.This opportunity presents a perfect opportunity for a value-add investor seeking to reposition an asset and establish a new rent roll at market rates.