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$950,000

Beds
Unknown
sq ft
3,800

3737 E Calle de Carlos, Palm Springs, CA 92264

3737 E Calle de Carlos

Palm Springs, CA 92264

  • 60 days on market
This is the building for you if you’re looking for a good return with low hassle. The building and parking area are in excellent condition with almost no common area to maintain and minimal exterior lighting. Location in DeMuth Park West which is a quiet neighborhood in central Palm Springs. Demuth Park sits on the south side of the neighborhood, giving the locals a 61-acre public green space full of sports fields, tennis courts, and playgrounds. Residents also enjoy easy access to many of Palm Springs’ legendary golf courses such as Mesquite Golf Club and Tahquitz Creek Golf Resort. The community’s location just south of Palm Springs International Airport is perfect for traveling professionals and airport employees. Financial information provided is from 2023 directly from the property manager income statement. Water, trash, sewer, and insurance numbers are from 2022. Property taxes not included in CAP rate calculations.

Details

Property type

Apartment

Est. home value

$949,099

Lot size

0.23 acres

Price per sq ft

$250

Year built

1967

Price History

05/02/2024
CRMLS

CRMLS #SR24087806

Listed
$950,000
+53.23%
01/28/2019
DesertArea

DesertArea #18399246

Sold
$620,000

Schools & Community

Neighborhood: 

Demuth Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights, Sidewalks, Park

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$584,964
Asking price
$950,000
Closing costs (~8% of asking)
-$76,000
Est. remaining loan balance
-$289,036
Cash to seller
$584,964

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Provident Savings Bank

Loan start date

November 2018

Original loan amount

$320,000

Est. remaining balance

$289,036

Interest rate

4.72%

Loan type

Not Provided, 30 year

Seller

Ga Global Investment Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 7:35 AM

Listing updated: 05/05/2024 at 2:30 PM

Listed by: Laurence Cook, Compass Phone #: (310) 230-5478

MLS: CRMLS #SR24087806

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