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For sale
  • Listed by: KW Coachella Valley • Jelmberg Team • 760-732-5867
    $990,000

    48344 Stewart Dr #K1-4, Indio, CA 92201

    --beds
    --baths
    --sqft
    : 
    $6,643/mo
    Get pre-qualified
    Multi Family
    Built in 1982
    -- sqft lot
    $952,800 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Putt-putt courseGuest parkingBarbecue areas
    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.
    198 days
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    104
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    Zillow last checked:

    Listing updated:

    Listed by:

    Jelmberg Team DRE #01765542 760-732-5867,

    KW Coachella Valley

    Source: CRMLS,MLS#: 219141415DAMLS LogoOriginating MLS: California Desert AOR & Palm Springs AOR

      Facts & features

      Interior

      Rooms
      • Room types: Living Room
      Heating
      • Central, Forced Air, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
      Features
      • Open Floorplan
      • Flooring: Carpet, Tile, Vinyl
      • Has fireplace: No

      Property

      Parking
      • Parking features: Guest, Unassigned
      Features
      • Levels: One
      • Stories: 1
      • Has private pool: Yes
      • Pool features: Community, In Ground
      • Has spa: Yes
      • Spa features: Community, In Ground
      Lot
      • Size: 3,484 Square Feet
      Details
      • Parcel number: 614342018
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Foundation: Slab
      • Roof: Tile
      Condition
      • New construction: No
      • Year built: 1982

      Community & HOA

      Community
      • Features: Golf, Gated, Pool
      • Security: Gated Community, 24 Hour Security
      • Subdivision: Indian Palms
      HOA
      • Amenities included: Clubhouse, Golf Course, Barbecue, Pet Restrictions
      Location
      • Region: Indio

      Financial & listing details

      • Date on market: 1/14/2026
      • Listing terms: Cash,Submit

        Estimated market value

        $952,800

        $905,000 - $1.00M

        $2,229/mo

        Price history

        DateEventPrice
        1/22/2026Listed for sale$990,000
        Source: CDAR/ Desert Area MLS #219141415 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 92201

        Getting around

        43 / 100
        Car-Dependent
        35 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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