Olivera Apartments, a 20-unit multifamily investment opportunity located in the heart of Palm Springs, CA.
Located at 2303 N Indian Canyon Dr in the vibrant Uptown neighborhood, this fully occupied property consists of one-bedroom, one-bath units and sits on 0.45 acres with 20 on-site parking spaces. Built in 1966, Olivera features a well-maintained two-story layout with desirable amenities including a swimming pool, shared laundry, and convenient access to nearby retail, dining, and entertainment along the North Palm Canyon corridor.
Tenants are responsible for electric and gas, while the owner covers water, trash, and common area electricity. Current rents are below market, offering significant value-add potential through interior upgrades and improved operations.
With its premier location, below-market rents, and strong tenant demand, Olivera Apartments presents an ideal opportunity for investors seeking long-term growth and stable returns in one of Southern California’s most iconic rental markets.
Full offering memorandum available upon request using the contact information listed below!
Located at 2303 N Indian Canyon Dr in the vibrant Uptown neighborhood, this fully occupied property consists of one-bedroom, one-bath units and sits on 0.45 acres with 20 on-site parking spaces. Built in 1966, Olivera features a well-maintained two-story layout with desirable amenities including a swimming pool, shared laundry, and convenient access to nearby retail, dining, and entertainment along the North Palm Canyon corridor.
Tenants are responsible for electric and gas, while the owner covers water, trash, and common area electricity. Current rents are below market, offering significant value-add potential through interior upgrades and improved operations.
With its premier location, below-market rents, and strong tenant demand, Olivera Apartments presents an ideal opportunity for investors seeking long-term growth and stable returns in one of Southern California’s most iconic rental markets.
Full offering memorandum available upon request using the contact information listed below!
Property Details
Price:
$3,125,000
MLS #:
CV26025206
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Subdivision:
43 @ Racquet Club 33139
Neighborhood:
331northendpalmsprings
Listed Date:
Feb 3, 2026
Total Sq Ft:
19,602
Lot Size:
19,602 sqft / 0.45 acres (approx)
Year Built:
1966
See this Listing
Schools
Interior
Cooling
CA
Laundry Features
AR
Levels
U
Exterior
Common Walls
_2CW
Community Features
SDW, STM, SL, BIKI
View
NO
Financial
Map
Community
- Address2303 N Indian Canyon Dr Palm Springs CA
- Subdivision43 @ Racquet Club (33139)
- CityPalm Springs
- CountyRiverside
- Zip Code92262
Market Summary
Current real estate data for Single Family in Palm Springs as of Apr 16, 2026
907
Single Family Listed
100
Avg DOM
421
Avg $ / SqFt
$1,014,643
Avg List Price
Property Summary
- Located in the 43 @ Racquet Club (33139) subdivision, 2303 N Indian Canyon Dr Palm Springs CA is a Single Family for sale in Palm Springs, CA, 92262. It is listed for $3,125,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1966. The average price per square foot for Single Family listings in Palm Springs is $421. The average listing price for Single Family in Palm Springs is $1,014,643.
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Courtesy of PAEZ REALTY COMPANY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 2303 N Indian Canyon Dr
Palm Springs, CA