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  • MLS#: CV25165133 ( Apartment )
  • Street Address: 2303 N Indian Canyon Dr
  • Viewed: 2
  • Price: $3,250,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1966
  • Bldg sqft: 0
  • Days On Market: 43
  • Additional Information
  • County: RIVERSIDE
  • City: Palm Springs
  • Zipcode: 92262
  • Subdivision: 43 @ Racquet Club (33139)
  • Provided by: PAEZ REALTY COMPANY
  • Contact: William William
  • California Regional MLS IDX
  • DMCA Notice
  • 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 Californias most iconic rental markets. Full offering memorandum available upon request using the contact information listed below!
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 19602.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Central Air
Country
  1. US
Electric Expense
  1. 0.00
Entry Location
  1. N Indian Canyon Dr
Fireplace Features
  1. Bath
  2. Family Room
  3. Kitchen
  4. Living Room
  5. Electric
  6. Gas
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 13000.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 16-20 Units/Acre
Netoperatingincome
  1. 196238.00
Number Of Separate Electric Meters
  1. 20
Number Of Separate Gas Meters
  1. 20
Number Of Separate Water Meters
  1. 20
Parcel Number
  1. 504260022
Pool Features
  1. Community
Professionalmanagementexpense
  1. 15940.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 443592075:CRM
Subdivision Name Other
  1. 43 @ Racquet Club (33139)
Totalexpenses
  1. 126082.00
Trash Expense
  1. 0.00
View
  1. None
Water Sewer Expense
  1. 0.00
Year Built
  1. 1966
Year Built Source
  1. Public Records