1433 1455 N Indian Canyon Drive, Palm Springs, CA 92262

Palm Springs
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
1433 1455 N Indian Canyon Drive,Palm Springs, CA 92262
$3,500,000
  • - Beds
  • - Baths
  • 11,183 sq. ft.
  • Multi-family
  • Active
Listed by: ryan loria
Office: triqor group949-756-3232
MLS#:PW26156366
Source:CRMLS

Price summary

  • Price:$3,500,000
  • Price per sq. ft.:$312.98

About this home

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.

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Home facts

  • Year built:1936
  • Listing ID #:PW26156366
  • Added:8 day(s) ago
  • Updated:July 26, 2026 at 11:07 AM

Rooms and interior

  • Living area:11,183 sq. ft.

Structure and exterior

  • Year built:1936
  • Building area:11,183 sq. ft.
  • Lot area:0.93 Acres
  • Lot Features:Rectangular Lot
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,500,000
  • Price per sq. ft.:$312.98

Features and amenities

  • Pool features:Community

Parking

  • Total parking spaces:44
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