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Indio, CA

$920,000

48304 Stewart Drive J1-4, Indio, CA
0
Baths
1982
Built
19
Days listed

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.

Facts & features

Interior
Bathrooms
0
Interior features
Open Floorplan
Appliances
Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
Flooring
Carpet, Tile
Heating
Central, Forced Air, Natural Gas
Cooling
Central Air
Levels
One
Spa
Community, In Ground
Exterior & lot
Lot size
0.08 acres (3,484 sq ft)
Pool
Community, In Ground
Year built
1982
Parking
Guest, Unassigned
Community
County
Riverside
Community features
Golf, Gated, Pool
Listing details
Status
Active
Property type
Condominium
Days on market
19
Listed
2026-01-06
Terms
Cash, Submit
Parcel #
614342009
MLS #
219141944DA
Listed by
Jelmberg Team · KW Coachella Valley

Location

Price history

Listed
$920,000 · 2026-01-06
Days on market
19
Current price
$920,000
Financing

Could this home be yours?

Estimated monthly payment
$5,771
$4,652 principal & interest · $1,119 taxes & insurance
$184,000
Estimate only
Loan $736,000

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Listing data provided by CRMLS

Listing courtesy of KW Coachella Valley. © 2026. 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. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. 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. Last updated July 27, 2026 Equal Housing Opportunity.

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