2303 N Indian Canyon Dr - Apartments FOR SALE


Palm Springs, CA 92262- Racquet Club West
$3,250,000 USD
626-664-1431
2303 N Indian Canyon Dr, Palm Springs, CA for Sale
$3,250,000 USD
Apartments - FOR SALE
1/17
null | 5.91% Cap Rate

2303 N Indian Canyon Dr
Palm Springs, CA 92262
Racquet Club West


HIGHLIGHTS

  • Attractive Price Per Unit
  • Desirable Uptown Palm Springs Location
  • Significant Rental Upside
  • Close proximity to downtown Palm Springs, public parks, and major employment centers
  • Immediate Cash Flow
  • Updated Electrical Panels

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$287 USD /SF

# OF UNITS

20

PRICE/UNIT

$162,500

CAP RATE

5.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Olivera Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

R2

APN/PARCEL ID

504-260-022

ASK ABOUT THIS PROPERTY

Victor MartinezMartinez & AssociatesMore Info
626-664-1431

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Victor MartinezMartinez & AssociatesMore Info
626-664-1431

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.