CnC Realty
1 / 33

$990,000

48344 Stewart Drive #K1-4

Indio, CA 92201

Active

1982

Year Built

Riverside

County

ResidentialIncome

Property Type

About this home

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.

Listed by Jelmberg Team · DRE #01765542 · KW Coachella Valley
MLS #1151029578
ListedJan 6, 2026

Property Details

Architecture

Stories1
StyleN/A
Total Units4
RoofTile
Garage Spaces0
PoolCommunity, In Ground
SpaCommunity, In Ground

Features & Amenities

Interior FeaturesOpen Floorplan
Exterior FeaturesN/A
FlooringCarpet, Tile, Vinyl
CoolingCentral Air
HeatingCentral, Forced Air, Natural Gas
FireplaceN/A
LaundryN/A
Parking FeaturesGuest, Unassigned
Parking Total0
Patio & PorchN/A
Entry LevelN/A
Entry LocationN/A
Common WallsN/A

Property Features

Lot Size0.08 ac
Lot FeaturesN/A
ViewN/A
DirectionsEnter Indian Palms CC main gate, go straight past Eisenhower Dr to Disney Drive, turn right on Gable Drive and follow it to Abbott, turn right on Oasis St which will turn into Barrymore St, then left on Stewart Drive.

Community

AreaN/A
School DistrictN/A

Tax & Financial

TermsCash, Submit
Land LeaseNo
HOA NameN/A
HOA FeeN/A

Request a Tour

Mortgage Estimate

$5,269/mo

20% down · 7% APR · 30-yr fixed

Estimate only. Does not include taxes, insurance, or HOA.

CRMLSLast updated: October 21, 2026 at 8:00 PM

The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. All listing data, including but not limited to square footage and lot size, is believed to be accurate but is not guaranteed by the listing Agent, listing Broker, or CRMLS. Buyers are responsible for verifying the accuracy of all information and should independently investigate the data or retain appropriate professionals prior to making any decisions. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information herein may or may not have been the Listing and/or Selling Agent. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.