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$ 990,000
Est. payment /mo
Active
48344 Stewart DR #K1-4 Indio, CA 92201
8 Beds
4 Baths
2,816 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,816 sqft
Price per Sqft $351
Subdivision Indian Palms
MLS Listing ID 219141415
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1982
Lot Size 3,484 Sqft
Property Description
Rare Multi-Unit Short-Term Rental Investment Opportunity in Indian Palms Country Club!
A unique opportunity to acquire all four units in Building K (K1, K2, K3, and K4)—each approved for short-term rentals with no rental restrictions—offering exceptional income potential within one of Indio's most sought-after gated communities. Each residence features a 2-bedroom, 1-bath layout with approximately 704 sq. ft. (EST.) of efficient living space, making these units highly attractive for short-term guests, seasonal renters, and festival attendees. Ideally located just minutes from the Empire Polo Grounds—home to the world-renowned Coachella and Stagecoach festivals—this portfolio is perfectly positioned to capitalize on strong, year-round rental demand. This four-unit offering provides scale, operational efficiency, and diversification, allowing investors to streamline management while maximizing cash flow potential within a single building. The HOA of $392 per unit, per month includes 24-hour gated security, two community pools and spa, a putt-putt course, laundry facilities, guest parking, barbecue areas, and a pool house with a mini kitchen—enhancing guest experience while helping control operating expenses. An outstanding opportunity for investors, portfolio buyers, or 1031 exchange purchasers seeking a rare multi-unit, short-term-rental-approved asset in the heart of the Coachella Valley.
A unique opportunity to acquire all four units in Building K (K1, K2, K3, and K4)—each approved for short-term rentals with no rental restrictions—offering exceptional income potential within one of Indio's most sought-after gated communities. Each residence features a 2-bedroom, 1-bath layout with approximately 704 sq. ft. (EST.) of efficient living space, making these units highly attractive for short-term guests, seasonal renters, and festival attendees. Ideally located just minutes from the Empire Polo Grounds—home to the world-renowned Coachella and Stagecoach festivals—this portfolio is perfectly positioned to capitalize on strong, year-round rental demand. This four-unit offering provides scale, operational efficiency, and diversification, allowing investors to streamline management while maximizing cash flow potential within a single building. The HOA of $392 per unit, per month includes 24-hour gated security, two community pools and spa, a putt-putt course, laundry facilities, guest parking, barbecue areas, and a pool house with a mini kitchen—enhancing guest experience while helping control operating expenses. An outstanding opportunity for investors, portfolio buyers, or 1031 exchange purchasers seeking a rare multi-unit, short-term-rental-approved asset in the heart of the Coachella Valley.
Location
State CA
County Riverside
Area 314 - Indio South Of Hwy 111
Interior
Heating Central, Forced Air, Natural Gas
Cooling Air Conditioning, Ceiling Fan(s), Central Air
Fireplace false
Exterior
Pool Community, In Ground
View Y/N false
Private Pool Yes
Building
Story 1
Entry Level One
Sewer In, Connected and Paid
Level or Stories One
Others
HOA Fee Include Clubhouse
Senior Community No
Acceptable Financing Cash, Submit
Listing Terms Cash, Submit
Special Listing Condition Standard
Listed by KW Coachella Valley