2303 N Indian Canyon Dr
Palm Springs
92262
$3,125,000
Residential Income
built: 1966
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- CV25165133
- Year Built:
- 1966
- Photos (16)
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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!
- Property Sub Type:
- Apartment
- Property Attached:
- Yes
- Lot Area:
- 19,602 sq. ft.
- Bathrooms:
- - (Full:-, Half:-)
- Year built:
- 1966 (Age: 59)
- General Listing Location:
- Palm Springs, 331 - North End Palm Springs
- County Or Parish:
- Riverside
- Common Interest:
- Community Apartment
- Gross Income:
- $322,320
- Gross Scheduled Income:
- $322,320
- Net Operating Income:
- $196,238
- Rent Control:
- No
- Association Fee:
- $0
- Land Lease:
- No
- Electric Expense:
- $0
- Fuel Expense:
- $0
- Insurance Expense:
- $13,000
- Operating Expense:
- $126,082
- Professional Management Expense:
- $15,940
- Trash Expense:
- $0
- Water and Sewer Expense:
- $0
- Tax Lot:
- 0446
- Located off of N Indian Canyon Drive
- Floor
- Type
- Size
- Other
- -
- Kitchen
- Measurements not available
- -
- View:
- None
- Number of Buildings:
- 1
- # of Electric Meters:
- 20
- # of Gas Meters:
- 20
- # of Water Meters:
- 20
- Lease Term:
- Month To Month
- Community Features:
- Biking, Storm Drain(s), Street Lights, Sidewalks, Pool
- Senior Community:
- No
- Laundry Features:
- Common Area
- Pool Features:
- Community
- Private Pool:
- No
- Lot Features:
- 16-20 Units/Acre
- Fireplace Features:
- Bath, Electric, Family Room, Gas, Kitchen, Living Room
- Subdivision Name:
- 43 @ Racquet Club (33139)
- Levels:
- Two
- Num Stories:
- 2
- Entry Level:
- 1
- Entry Location:
- N Indian Canyon Dr
- New Constr.:
- No
- Common Walls:
- 2+ Common Walls
- # Units:
- 20
- Fireplace:
- Yes
- Cooling:
- Central Air
- Sewer:
- Public Sewer
- Garage Spaces:
- 0
- Total Parking Spaces:
- 0
- Special Listing Conditions:
- Standard
- Parcel Number:
- 504260022
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Listed by PAEZ REALTY COMPANY
Data was last updated August 30, 2025 at 04:40 AM (UTC)
- WaiKool Homes
- 7606780403
- Contact by Email
Based on information from California Regional Multiple Listing Service, Inc. as of August 30, 2025 at 04:40 AM (UTC) and/or other sources.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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