1433 N Indian Canyon DR, Palm Springs, CA 92262
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1433 N Indian Canyon DR, Palm Springs, CA 92262
1433 N Indian Canyon DR, Palm Springs, CA 92262
1433 N Indian Canyon DR, Palm Springs, CA 92262
1433 N Indian Canyon DR, Palm Springs, CA 92262
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George Salazar

George Salazar

+1(310) 400-6756
$ 3,500,000
Est. payment /mo
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1433 N Indian Canyon DR Palm Springs, CA 92262

4 Beds

5 Baths

11,183 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,183 sqft

Price per Sqft $312

Subdivision Vista Las Palmas

MLS Listing ID PW26156366MR

Bedrooms 4

Year Built 1936

Lot Size 0.930 Acres

Acres 1.0

Property Sub-Type Multi-Family

Property Description

We are pleased to present Sunset Palms Apartments, a well-maintained 24-unit apartment community located in Palm Springs, CA. The property offers an attractive unit mix consisting of spacious studios, one-bedroom, and two-bedroom units across three side-by-side individual parcels. Most units have been extensively upgraded with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless steel sinks, and new dual pane windows and sliding glass doors. Community amenities feature two sparkling swimming pools within gated courtyards, new ductless mini split air heating and air conditioning systems, and ample open parking. Sunset Palms offers an exceptional value-add investment opportunity with approximately 28% upside in rental income. The property is currently generating a 5.5% cap rate on in-place rents, with the potential to achieve an 8.2% cap rate as rents are brought to market, providing investors with a clear path to increased cash flow and long-term appreciation.

Location

State CA

County Riverside

Area Palm Springs Central

Interior

Heating None

Laundry Laundry Area

Exterior

Garage Spaces 44.0

Community Features Sidewalks

Building

Story 2

Sewer Public Sewer

Water Public

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Triqor Group
George Salazar

George Salazar

Agent | License ID: 00884017

+1(310) 400-6756

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1433 N Indian Canyon DR