2303 N Indian Canyon Dr new Save Request In-Person Tour Request Virtual Tour
Palm Springs,CA 92262
$ 3250000
20 Beds
20 Baths
12000 SqFt
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Rent
Square Footage 12,000 sqft
Subdivision 43 @ Racquet Club (33139)
MLS Listing ID CV25161388
Bedrooms 20
Full Baths 20
Property Sub-Type Apartment
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
Fireplaces Type FP in Family Room,FP in Living Room
Fireplace No
Exterior
Pool Community/Common
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 504260022