48344 Stewart Drive K1-4, Indio, CA — listing photo 1
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FOR SALENew Listing

48344 Stewart Drive K1-4

Indio, CA 92201
3,484 Lot Sq Ft
Built 1982
$990,000

Property Overview

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.

Home Details

Property type
Residential Income
Year built
1982
Lot size
3,484 sq ft
Stories
1
Days on market
2
Cumulative days on market
0
MLS status
Active

Features & Amenities

Interior

  • Open Floorplan

Appliances

  • Dishwasher
  • Gas Oven
  • Gas Range
  • Gas Water Heater
  • Microwave
  • Refrigerator

Parking

  • Guest
  • Unassigned

Pool

  • Community
  • In Ground

Security

  • Gated Community
  • Twenty Four Hour Security

Community, Schools & Utilities

Community

Subdivision
Indian Palms
Private pool
Yes

Utilities

Heating
Central,ForcedAir,NaturalGas
Cooling
CentralAir
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Location & Neighborhood

48344 Stewart Drive K1-4

Indio, CA 92201

Frequently Asked Questions About 48344 Stewart Drive K1-4

Property type: Residential Income

The current asking price is $990,000. 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 48344 Stewart Drive K1-4. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1982. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Indio, 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 Indio property.
The MLS currently reports the property as Active. It has been listed for 2 days. Status can change, so verify availability before relying on it.

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Listing Agent

Name: Jelmberg Team
MLS ID: CDAR-D73325

Available property

$990,000

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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.