48344 Stewart Drive K1-4 Indio, CA $ 990,000
48344 Stewart Drive K1-4
$ 990,000
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48344 Stewart Drive K1-4

Indio, CA, 92201
$ 990,000
Baths0.0

Monthly Estimate*

$ 6,096

Listed by KW Coachella Valley
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Studio

Single Family Home for sale in Indio, CA

for $990,000. This home was built in 1982 on a lot size of 0.08.

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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Single Family Active

Price

$ 990,000

Bedrooms

Studio

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

0.08

Year Built

1982

Town/City

Indio

County/Region

Riverside

MLS | Web ID

219141415DA

Days on Market

18

Features
General
Heating Central ForcedAir NaturalGas
Cooling CentralAir
Possession CloseOfEscrow
Roof Tile
Appliances Dishwasher GasOven GasRange GasWaterHeater Microwave Refrigerator
HOA Fee 0
Garage Spaces 0
Pool Features Community InGround
Security Features GatedCommunity TwentyFourHourSecurity
Year Built 1982
Stories Count 1
Levels One
Unit Number K1-4
Community Features Golf Gated Pool
County Riverside
New Construction false
Property Type ResidentialIncome
Association Amenities Clubhouse GolfCourse Barbecue PetRestrictions
Subdivision Name Indian Palms
Garage Y/N false
Special Listing Conditions Standard
Status Active
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.
City Indio
Disclosures CovenantsRestrictionsDisclosure HoaDisclosure
Senior Community Y/N false
Open Parking Spaces 0
Number Of Units Total 4
Lot Size Units SquareFeet
Lot Size Square Feet 3484
Carport Spaces 0
Listing Terms Cash Submit
Spa Features Community InGround
Property Attached Y/N true
Land Lease Y/N false
Rent Control Y/N false
Standard Status Active
Year Built Source Assessor
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Interior
Interior Amenities OpenFloorplan
Flooring Carpet Tile Vinyl
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Total Baths 0
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Exterior
Parking Features Guest Unassigned
Total Parking 0
Lot Size Area 3484
Foundation Details Slab
Number of Buildings 1
Spa true
Lot Size Acres 0.08
Private Pool true
Number of Separate Water Meters 4
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded Features
List By
Kw Coachella Valley

Broker

jelmbergteam@gmail.com

Email

Affordability Calculator

$6,096
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Monthly Principal & Interest
$6,096
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/23/2026$990,000 Listed Price

Map


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48344 Stewart Drive K1-4, Indio, CA, 92201 is a Single Family Home for sale at $990,000 with a lot size of 0.08. 48344 Stewart Drive K1-4 is a studio with 0.0 baths and was built in 1982. The property's zip code is 92201 which is in Indio, CA