48304 Stewart Drive J1-4, Indio, CA 92201
- $920,000
- 8
- BD
- 4
- BA
- 2,816
- SqFt
- List Price
- $920,000
- Status
- ACTIVE
- MLS#
- 219141944
- Year Built
- 1982
- Bedrooms
- 8
- Bathrooms
- 4
- Living Sq. Ft
- 2,816
- Lot Size
- 3,484
- Days on Market
- 168
- Property Type
- Multifamily
- Stories
- 1
- Neighborhood
- Indian Palms
Property Description
Rare Multi-Unit Short-Term Rental Investment Opportunity in Indian Palms Country Club! A unique opportunity to acquire all four units in Building J (J1, J2, J3, and J4)—each approved for short-term rentals with no rental restrictions—offering exceptional income potential within one of Indio's most sought-after gated communities. Each residence features a 2-bedroom, 1-bath layout with approximately 704 sq. ft. (EST.) of efficient living space, making these units highly attractive for short-term guests, seasonal renters, and festival attendees. Ideally located just minutes from the Empire Polo Grounds—home to the world-renowned Coachella and Stagecoach festivals—this portfolio is perfectly positioned to capitalize on strong, year-round rental demand. This four-unit offering provides scale, operational efficiency, and diversification, allowing investors to streamline management while maximizing cash flow potential within a single building. The HOA of $392 per unit, per month includes 24-hour gated security, two community pools and spa, a putt-putt course, laundry facilities, guest parking, barbecue areas, and a pool house with a mini kitchen—enhancing guest experience while helping control operating expenses. An outstanding opportunity for investors, portfolio buyers, or 1031 exchange purchasers seeking a rare multi-unit, short-term-rental-approved asset in the heart of the Coachella Valley.
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Additional Information
- Land Lease Type
- Fee
- Association Amenities
- Barbecue, Clubhouse, Golf Course, Guest Parking, Pet Rules
- Association Fees Include
- Clubhouse
- Appliances
- Dishwasher, Refrigerator, Gas Range, Microwave, Gas Oven
- Pool
- Yes
- Pool Description
- Community, In Ground
- Spa
- Yes
- Heat
- Natural Gas, Central, Forced Air
- Cooling
- Air Conditioning, Ceiling Fan(s), Central Air
- Parking
- Guest, Unassigned
- Sewer
- In, Connected and Paid
- Water
- Water District
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Listing courtesy of KW Coachella Valley.