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48304 Stewart Dr #J1-4, Indio, CA, 92201

--beds
--baths
--sqft
$920,000
--price/sqft
$5,907/moest. monthly cost
$236,280/yrincome needed

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 J (J1, J2, J3, and J4)--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.

Getting Around

43
WalkingCar-Dependent
0
TransitVery Limited Transit
35
BikeSomewhat Bikeable

Schools

1/10
4/10
Indio High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1982

Materials

  • Foundation: Slab
  • Roof: Tile

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Gas Oven,Gas Range,Gas Water Heater,Microwave,Refrigerator

Features

  • Open Floorplan
  • Flooring: Carpet,Tile

Heating & Cooling

  • Heating features: Central,Forced Air,Natural Gas
  • Cooling features: Central Air

Property

Details

  • Parcel number: 614342009
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Private pool: Yes
  • Pool features: Community,In Ground
  • Has spa: Yes
  • Spa features: Community,In Ground

Lot

  • Lot size: 3,484 sqft

Parking

  • Parking features: Guest,Unassigned