2303 N Indian Canyon Dr Active Save Request In-Person Tour Request Virtual Tour
Palm Springs,CA 92262
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 19,602 sqft
Price per Sqft $159
Subdivision 43 @ Racquet Club
MLS Listing ID CV25165133MR
Bedrooms 1
Year Built 1966
Lot Size 0.450 Acres
Property Sub-Type Multi-Family
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 Palm Springs North End
Interior
Cooling Central
Fireplaces Type Bath, Electric, Family Room, Gas, Kitchen, Living Room
Laundry Laundry Area
Exterior
Community Features Biking, Sidewalks, Storm Drains, Street Lights
View Y/N No
View None
Building
Story 2
Sewer Public Sewer
Others
Special Listing Condition Standard