1433-1455 N Indian Canyon Drive, Palm Springs, CA 92262
1433-1455 N Indian Canyon Drive, Palm Springs, CA 92262
1433-1455 N Indian Canyon Drive, Palm Springs, CA 92262
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Mary Ellen Haywood

Mary Ellen Haywood

+1(619) 994-5515
$3,500,000
Est. payment /mo
4 Beds
5 Baths
0.93 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Vista Las Palmas (33273)

MLS Listing ID PW26156366

Bedrooms 4

Lot Size 0.930 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

We are pleased to present Sunset Palms Apartments, a well-maintained 24-unit apartment community located in Palm Springs, CA. The property offers an attractive unit mix consisting of spacious studios, one-bedroom, and two-bedroom units across three side-by-side individual parcels. Most units have been extensively upgraded with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless steel sinks, and new dual pane windows and sliding glass doors. Community amenities feature two sparkling swimming pools within gated courtyards, new ductless mini split air heating and air conditioning systems, and ample open parking. Sunset Palms offers an exceptional value-add investment opportunity with approximately 28% upside in rental income. The property is currently generating a 5.5% cap rate on in-place rents, with the potential to achieve an 8.2% cap rate as rents are brought to market, providing investors with a clear path to increased cash flow and long-term appreciation.

Location

State CA

County Riverside

Zoning Public Rec

Direction Driving North on North Indian Canyon Drive, Property Will be on Your Left After Passing East Camino Monte Vista

Interior

Fireplace No

Exterior

Pool Community/Common

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 505184019

Acceptable Financing Conventional

Listing Terms Conventional

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MLS Router / San Diego MLS
Listed by Ryan Loria, DRE#02006138 Triqor Group 

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Mary Ellen Haywood

Mary Ellen Haywood

+1(619) 994-5515

Broker Associate | CA DRE#01264878

Broker Associate CA DRE#01264878

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1433-1455 N Indian Canyon Drive