$990,000

48344 Stewart Drive K1-4, Indio, CA 92201

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1982
  • Property Lot Size Icon3,485sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

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:
February 7, 2026 at 7:16PM
Listing Office:
KW Coachella Valley : (760) 669-2969
Listing Agent:
Jelmberg Team : (760) 732-5867
MLS ID:
219141415DA
  • General: Open Floorplan
  • Appliances: DishwasherGas OvenGas RangeGas Water HeaterMicrowaveRefrigerator
  • Flooring: CarpetTileVinyl
  • A/C: Central Air
  • Heating: CentralForced AirNatural Gas
  • General: CommunityIn Ground
  • Pool: CommunityIn Ground
  • Parking: GuestUnassignedParking spaces: 0
  • Roofing: Tile
  • General: 1Slab
  • HOA Amenities: ClubhouseGolf CourseBarbecuePet Restrictions0.0
  • Originating MLS: CRMLS_CDAR
  • County: Riverside
  • Zoning: 614342018
  • Source: CRMLS_CDAR

Presented by Veterans United Realty

This listing courtesy of Jelmberg Team , KW Coachella Valley

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

T

Theodore Roosevelt Elementary School

83-200 Dr Carreon Blvd, Indio, CA, 92201

Grades KG-5

0.76 miles away

T

Thomas Jefferson Middle School

83089 US Highway 111, Indio, CA, 92201

Grades 6-8

1.15 miles away

I

Indio High School

81750 Avenue 46, Indio, CA, 92201

Grades 9-12

1.74 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.