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$ 3,250,000
Est. payment /mo
New
2303 N Indian Canyon Dr Palm Springs, CA 92262
1 Bed
1 Bath
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision 43 @ Racquet Club (33139)
MLS Listing ID CV25165133
Bedrooms 1
Property Sub-Type Res Income 2-4 Units
Property Description
Martinez & Associates, Inc. is proud to present Olivera Apartments, a 20-unit multifamily investment opportunity located in the heart of Palm Springs, CA. Located at 2303 N Indian Canyon Dr in the vibrant Uptown neighborhood, this fully occupied property consists of one-bedroom, one-bath units and sits on 0.45 acres with 20 on-site parking spaces. Built in 1966, Olivera features a well-maintained two-story layout with desirable amenities including a swimming pool, shared laundry, and convenient access to nearby retail, dining, and entertainment along the North Palm Canyon corridor. Tenants are responsible for electric and gas, while the owner covers water, trash, and common area electricity. Current rents are below market, offering significant value-add potential through interior upgrades and improved operations. With its premier location, below-market rents, and strong tenant demand, Olivera Apartments presents an ideal opportunity for investors seeking long-term growth and stable returns in one of Southern Californias most iconic rental markets. Full offering memorandum available upon request using the contact information listed below!
Location
State CA
County Riverside
Zoning Public Rec
Direction Located off of N Indian Canyon Drive
Interior
Cooling Central Forced Air
Fireplace No
Exterior
Pool Community/Common
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 504260022
Listed by William Melton PAEZ REALTY COMPANY