Active

48344 Stewart Drive #K1-4

Indio, CA 92201
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Bed 0

Bed

Bath 0

Bath

SqFt3,484

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $990,000

AD Id : 74471586

MLS Id : 219141415DA

Lot Size : 3,484 Sqft

Year Built : 1982

County : Riverside

Subdivision: Fallbrook

  • Map Map

Map

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Feature Features

  • Bathroom Information

    Total Baths: 0
  • Interior Features

    Roof: Tile Interior Features: Open Floorplan Property Appliances: Dishwasher,Gas Oven,Gas Range,Gas Water Heater,Microwave,Refrigerator Flooring: Carpet,Tile,Vinyl
  • Cooling Features

    Central Air Air Conditioning

    Heating Source

    Central,Forced Air,Natural Gas Has Heating

    Fireplace

    Has Fireplace: 0

  • Building Information

    Year Built: 1982 Roof: Tile
  • Foundation

    Slab

    Security Features

    Gated Community,24 Hour Security
  • Pool Features

    Community,In Ground

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.08
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 3484

  • Listing Price Information

    Original List Price: 990,000 Listing Contract Date: 2026-01-06
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 614342018

  • Garage and Parking

    Garage Description: Guest,Unassigned

    Homeowners Association

    Association Amenities: Clubhouse,Golf Course,Barbecue,Pet Restrictions

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: Postal Code Plus 4: 7637 Directions: Enter 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. Source Property Type: Residential Income
  • Building and Construction

    Property Age: 44 Year Built Source: Assessor Property Attached: Yes Levels or Stories: One Building Total Stories: 1
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
84023 Lingayan Avenue, Indio, CA, 92201 $280,000 2 2 1,040 1,040 SqFt
42499 Aruba Court, Indio, CA, 92201 $602,900 4 2 2,204 2,204 SqFt
43965 Towne Street, Indio, CA, 92201 $1,900,000 18 9 800 800 SqFt
45741 Smurr Street, Indio, CA, 92201 $550,000 -- -- --
48304 Stewart Drive #J1-4, Indio, CA, 92201 $920,000 -- -- --
48304 Stewart Drive #J1, Indio, CA, 92201 $230,000 2 1 704 704 SqFt
48314 Stewart Drive #J2, Indio, CA, 92201 $230,000 2 1 704 704 SqFt
48324 Stewart Drive #J3, Indio, CA, 92201 $230,000 2 1 704 704 SqFt
48334 Stewart Drive #J4, Indio, CA, 92201 $230,000 2 1 704 704 SqFt
48344 Stewart Drive #K1, Indio, CA, 92201 $265,000 2 1 704 704 SqFt

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ByOwner last updated this listing 06/06/2026 @ 09:03

MLS: 219141415DA LISTED BY: Jelmberg Team, KW Coachella Valley 760-669-2969 SOURCE: CRMLS

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