2303 N Indian Canyon Dr, Palm Springs, CA 92262 - MLS#CV25165133

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 3,125,000

Est. payment | -/mo

0.45 Acres Lot

Save

$ 3,125,000

Est. payment | -/mo

Save

0.45 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision 43 @ Racquet Club (33139)

MLS Listing ID CV25165133

HOA Y/N No

Rental Info Month To Month

Year Built 1966

Lot Size 0.450 Acres

Property Sub-Type Apartment

Property Description

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 California's most iconic rental markets.

Full offering memorandum available upon request using the contact information listed below!

Location

State CA

County Riverside

Area 331 - North End Palm Springs

Interior

Cooling Central Air

Fireplaces Type Bath, Electric, Family Room, Gas, Kitchen, Living Room

Fireplace Yes

Laundry Common Area

Exterior

Pool Community

Community Features Biking, Storm Drain(s), Street Lights, Sidewalks, Pool

View Y/N No

View None

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 504260022

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by William Melton PAEZ REALTY COMPANY

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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2303 N Indian Canyon Dr Palm Springs, CA 92262