1433 1455 N Indian Canyon Drive, Palm Springs, CA — listing photo 1
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FOR SALENew Listing

1433 1455 N Indian Canyon Drive

Palm Springs, CA 92262
40,510 Lot Sq Ft
Built 1936
$3,500,000

Property Overview

We are pleased to present Sunset Palms Apartments, a well-maintained 24-unit apartment community located in Palm Springs, CA. The property offers an attractive unit mix consisting of spacious studios, one-bedroom, and two-bedroom units across three side-by-side individual parcels. Most units have been extensively upgraded with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless steel sinks, and new dual pane windows and sliding glass doors. Community amenities feature two sparkling swimming pools within gated courtyards, new ductless mini split air heating and air conditioning systems, and ample open parking. Sunset Palms offers an exceptional value-add investment opportunity with approximately 28% upside in rental income. The property is currently generating a 5.5% cap rate on in-place rents, with the potential to achieve an 8.2% cap rate as rents are brought to market, providing investors with a clear path to increased cash flow and long-term appreciation.

Home Details

Property type
Residential Income - Apartment
Year built
1936
Lot size
40,510 sq ft
Parking
44 spaces
Stories
2
Days on market
0
MLS status
Active

Features & Amenities

Pool

  • Community

Lot

  • Rectangular Lot

Community, Schools & Utilities

Community

Subdivision
Vista Las Palmas (33273)

Utilities

Heating
None
Water
Public
Sewer
PublicSewer
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Location & Neighborhood

1433 1455 N Indian Canyon Drive

Palm Springs, CA 92262

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Frequently Asked Questions About 1433 1455 N Indian Canyon Drive

Property type: Residential Income

The current asking price is $3,500,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1433 1455 N Indian Canyon Drive. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1936. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Palm Springs, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Palm Springs property.
The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Ryan Loria
MLS ID: PWLORRYA

Available property

$3,500,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.