Log In/Sign Up
Your email has been sent.
Olivera Apartments 2303 N Indian Canyon Dr 20 Unit Apartment Building $4,323,094 CAD ($216,155 CAD/Unit) 5.98% Cap Rate Palm Springs, CA 92262
INVESTMENT HIGHLIGHTS
- Attractive Price Per Unit
- Significant Rental Upside
- Immediate Cash Flow
- Desirable Uptown Palm Springs Location
- Close proximity to downtown Palm Springs, public parks, and major employment centers
- Updated Electrical Panels
EXECUTIVE SUMMARY
Martinez & Associates, Inc. is proud to present 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 FACTS
| Price | $4,323,094 CAD | Building Class | C |
| Price Per Unit | $216,155 CAD | Lot Size | 0.45 AC |
| Sale Type | Investment | Building Size | 11,324 SF |
| Cap Rate | 5.98% | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2 - medium density residential | ||
| Price | $4,323,094 CAD |
| Price Per Unit | $216,155 CAD |
| Sale Type | Investment |
| Cap Rate | 5.98% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 11,324 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | R2 - medium density residential |
AMENITIES
UNIT AMENITIES
- Heating
- Oven
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 600 |
1 1
PROPERTY TAXES
| Parcel Number | 504-260-022 | Improvements Assessment | $3,720,171 CAD |
| Land Assessment | $744,034 CAD | Total Assessment | $4,464,205 CAD |
PROPERTY TAXES
Parcel Number
504-260-022
Land Assessment
$744,034 CAD
Improvements Assessment
$3,720,171 CAD
Total Assessment
$4,464,205 CAD
1 of 18
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Olivera Apartments | 2303 N Indian Canyon Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.