3778 E Calle De Carlos, PALM SPRINGS, 92264

REDUCED 2% Residential Income - Fourplex For Sale


MLS® #: SW20060249MR
Active, 39 Days on Market

This offering is a pretty 4Plex, in a quiet well kept neighborhood, near downtown, and within walking distance of the Super Walmart. This complex consists of two 1 bedroom 1 baths, and two studios. The studios are very large and could be converted to 1 bedroom 1 bath units. All units have laundry hook ups, tile flooring throughout, and upgraded kitchens. This complex has a very large 10,000 square foot parcel, which leaves plenty of land area around the units. All units have very large private fenced front and back yards. Actual rents are low, but all month to month. Each unit is rented at approximately $200 per month under market. Please see RENT ROLL, and, RENT COMPS, attached. This 4Plex has exceptional returns, and you get a lot of income for the price. These returns are by far, the best returns Palm Springs has seen in years. At actual rents, we put out $42,360 Annual Gross Income, $34,333 Net Operating Income, a 12.28 Gross Rent Multiplier, a 6.60% Cap Rate, and a 10.10% cash on cash return. There's been nothing close to returns this good in many years. Please see "ACTUAL INCOME + EXPENSES/RETURNS" attached. AND, when you raise actual rents to market rents (see RENT COMPS attached), we put out $52,440 An

Essential Information

MLS® #: SW20060249MR
Price: $520,000
Bathrooms: 0.00
Square Footage: 3,000
Acres: 0.23
Year Built: 1975
Type: Residential Income
Sub-Type: Fourplex
Status: Active

Community Information

Address: 3778 E Calle De Carlos
Area: Other
County: Riverside
State: CA
Zip Code: 92264


Pool: None

Additional Information

Date Listed: March 19th, 2020
Days on Market: 39

Listing Details

Listing Agent: Tony Burton (01014173)
Listing Office: Burton Commercial, Inc.
Contact Ron Parks: Phone: 760-883-8613


$/SqFt: $173
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