2303 N Indian Canyon Dr, Palm Springs, CA 92262

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Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$3,250,000

Est. payment - /mo

1 Bed

1 Bath

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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

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Listed by William Melton PAEZ REALTY COMPANY

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2303 N Indian Canyon Dr Palm Springs, CA 92262