48344 Stewart Drive Indio, CA $ 990,000
48344 Stewart Drive
$ 990,000
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48344 Stewart Drive

Indio, CA, 92201
$ 990,000
Bedrooms8 Baths4.0 Sq 2,816

Monthly Estimate*

$ 6,096

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Multi-Family Home for sale in Indio, CA

for $990,000 with 8 bedrooms and 4 full baths. This 2,816 square foot home was built in 1982.

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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Multi-Family Active

Price

$ 990,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Year Built

1982

Town/City

Indio

County/Region

Riverside

MLS | Web ID

219141415

Features
General
Living Area 2816.0
Sewer In Connected and Paid
Heating Forced Air Central Natural Gas
Cooling Ceiling Fan(s) Central Air Air Conditioning
Possession Close Of Escrow
Roof Tile
Garage Spaces 0.0
Association Fee Includes Clubhouse
Pool Features In Ground Community
Security Features 24 Hour Security Gated Community Community
Construction Materials Stucco
3/4 Baths 0
Full Baths 4
Half Baths 0
Year Built 1982
Levels One
Community Features Golf Course Within Development
County Riverside
Property Type C
Association Amenities Barbecue Pet Rules Golf Course Guest Parking Clubhouse
Subdivision Name Indian Palms
Status Active
City Indio
Entry Location Ground Level - No Steps
Senior Community Y/N No
MLS Area 314 - Indio South of Hwy 111
Carport Spaces 0.0
Listing Terms Cash Submit
Spa Features In Ground Community
Walk Score 0
Standard Status Active
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Interior
Interior Amenities Open Floorplan
Flooring Tile Vinyl Carpet
Kitchen Appliances Dishwasher Gas Oven Gas Range Refrigerator Microwave Oven
Total Stories 1
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features Blinds Vertical Blinds
Fireplace Y/N No
1/4 Baths 0
Total Bathrooms 4.0
Laundry Features Community
Total Baths 4
Total Bedrooms 8
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Exterior
Parking Features Unassigned Guest
Water Source Water District
Total Parking 0.0
Lot Size Area 3484.0
Foundation Details Slab
Spa Yes
Pool Y/N? Yes
Building Area Total 2816.0
Lot Size Source Other
Land Lease Type Fee
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* Excluded Features
List By
Jelmberg Team

Listing Agent

Kw Coachella Valley

Broker

Affordability Calculator

$6,096
Per Month
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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
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/15/2026$990,000 Listed Price

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48344 Stewart Drive, Indio, CA, 92201 is a Multi-Family Home for sale at $990,000 with 2,816 sqft. 48344 Stewart Drive has 8 bedrooms, 4.0 baths, and was built in 1982. The property's zip code is 92201 which is in Indio, CA