48344 Stewart Drive K1-4, Indio, CA 92201

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 K (K1, K2, K3, and K4)--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.

Listing Status:

Active

Date Added:

January 14, 2026

Data Last Updated:

July 6, 2026 at 7:16AM

Listing Office:

KW Coachella Valley : (760) 669-2969

Listing Agent:

Jelmberg Team : (760) 732-5867

MLS ID:

219141415DA

Interior

• General: Open Floorplan
• Appliances: DishwasherGas OvenGas RangeGas Water HeaterMicrowaveRefrigerator
• Flooring: CarpetTileVinyl
• A/C: Central Air
• Heating: CentralForced AirNatural Gas

Exterior

• General: CommunityIn Ground
• Pool: CommunityIn Ground
• Parking: GuestUnassignedParking spaces: 0

Construction

• Roofing: Tile
• General: 1Slab

Location

• HOA Amenities: ClubhouseGolf CourseBarbecuePet Restrictions0.0
• Originating MLS: CRMLS_CDAR
• County: Riverside

Lot

• Zoning: 614342018

Financial

• Source: CRMLS_CDAR