N Indian Canyon Dr, Palm Springs, CA 92262

Building Details

Year Built

1966

Listing agent WILLIAM MELTON

Listing office PAEZ REALTY COMPANY B***@vma.com

Listing date Jul 25, 2025

Source Corcoran

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Overview

The Olivera Apartments present a multifamily investment opportunity in Palm Springs, CA, featuring 20 units. Located on N Indian Canyon Dr in the Uptown neighborhood, the property is fully occupied and includes one-bedroom, one-bath units. Constructed in 1966, the two-story building is situated on a 0.45-acre lot and provides 20 on-site parking spaces. Residents have access to a swimming pool and shared laundry facilities. The location provides convenient access to retail, dining, and entertainment options along the North Palm Canyon corridor. Tenants are responsible for electric and gas utilities, while the owner covers water, trash, and common area electricity. The property has a total size of 19602 square feet. The current rents are below market value.

Map

City

Palm Springs

County

Riverside

State

California

Longitude

-116.545

Latitude

33.8228

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FAQs

What type of property is this?

Apartment building - 20-unit apartment complex in Palm Springs' Uptown neighborhood.

Where is this apartment building located?

The property is located at N Indian Canyon Dr Palm Springs, CA.

What is the asking price?

The asking price for this property is $3,125,000.

What are key features of this property?

This property features: Premier location in the heart of Palm Springs' Uptown neighborhood, offering convenient access to retail, dining, and entertainment.; Significant value‑add potential through interior upgrades and improved operations due to below‑market rents.; Fully occupied 20‑unit multifamily property, indicating strong tenant demand.