2303 N Indian Canyon Dr new Save Request In-Person Tour Request Virtual Tour
Palm Springs,CA 92262
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
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 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