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48304 Stewart Drive , J1-4

Indio, CA 92201
  • $920,000
  • STATUS: Active Under Contract
  • ON SITE: 15 Days
  • MLS #: 219141944
Under Contract
UPDATED: 59 min ago
$920,000
  • 8
    BEDS
  • 0.08
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,816
    SQFT
  • $327
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1982
County:

School Ratings & Info

Description

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.

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©2026 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Malbec Realty. Based on information from the California Desert Association of Realtors as of 2026-02-07T11:35:23.9. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
www.malbecrealty.com/homes/172407213
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48304 Stewart Drive , J1-4 Indio, CA 92201

  • Price: $920,000
  • Status: Active Under Contract
  • On Site: 15 Days
  • Updated: 59 min ago
  • MLS #: 219141944
8
Beds
4
Baths
0
½ Baths
0.08
Acres
2,816
SQFT
$327
$/SQFT
1982
Built
Neighborhood:
Indian Palms
County:
Riverside
Area:
314 - Indio South Of Hwy 111
Property Description
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.
Exterior Features

Entry Location Ground Level - No Steps Exterior Construction Stucco Foundation Slab Gated Community Yes Levels One Parking GuestUnassigned Property Sub Type Condominium Roofing Tile Total Carport Spaces 0.00 Total Covered Spaces 0.00 Total Parking Spaces 0.00 Total Uncovered Assigned Spaces 0.00 View No Window Treatments Vertical Blinds

Interior Features

Appliances DishwasherGas OvenMicrowave OvenGas RangeRefrigerator Cooling Type Air ConditioningCentral AirCeiling Fan(s) Fireplace No Flooring CarpetTile Heating CentralForced Air Heating Fuel Natural Gas Rooms Living Room Total Fireplaces 1

Property Features

Community Features Golf Course Within Development Land Type Fee Simple Laundry Location Community Listing Terms CashSubmit Pool Yes Pool Construction In Ground Pool Description Community Pool Location Community Property Attached Detached Yes Sale Type Standard Security Safety 24 Hour SecurityGated CommunityCommunity Senior Community No Sewer InConnected and Paid Spa Hot Tub Yes Spa Hot Tub Construction In Ground Spa Hot Tub Description Community Tax Mello Roos Unknown Water Water District Water District Name Indio Water Authority Water Heater No Water Heater Feature Gas

Listing information © 2026 California Desert Association of Realtors.
Listing provided courtesy of Jelmberg Team of KW Coachella Valley: (760) 669-2969.
©2026 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Malbec Realty. Based on information from the California Desert Association of Realtors as of 2026-02-07T11:35:23.9. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
 
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