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$3,500,000
 $18,789 est/mo Sourced by Back At You

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

Palm Springs, CA 92262

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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.

Details

MLS #PW26156366
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1936
Days On Site51
Listing Provided ByTriqor Group | Ryan Loria

Features

SQ Feet11,183
Story(s)1
Units24
Building(s)3
Acreage0.93

Interior

HeatingNone
Heating Yes / NoNo

Exterior

Lot FeaturesRectangular Lot

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesSidewalks, Pool

Area Information

StateCA
CountyRiverside
CityPalm Springs
Zip Code92262
Area332 Central Palm Springs
Community NameVista Las Palmas (33273)
Listing VS Median (in Vista Las Palmas (33273))
Price:
$3,500,000
low | high
Med:
$3,500,000
50% of Average
sqft:
11,183
low | high
Med:
11,183
50% of Average
$ / sqft:
$313
low | high
Med:
$313
50% of Average
On site:
51
low | high
Med:
51
100% of Average
Sourced by Back At You

Market Activity 92262

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Coldwell Banker Home Source

Coldwell Banker Home Source

01902736 (760) 684-8100info@cbhomesource.com
StateCA
CountyRiverside
CityPalm Springs
Zip Code92262
Area332 Central Palm Springs
Community NameVista Las Palmas (33273)
Listing VS Median (in Vista Las Palmas (33273))
Price:
$3,500,000
low | high
Med:
$3,500,000
50% of Average
sqft:
11,183
low | high
Med:
11,183
50% of Average
$ / sqft:
$313
low | high
Med:
$313
50% of Average
On site:
51
low | high
Med:
51
100% of Average
Sourced by Back At You
Listing Updated: August 21, 2026 at 9:33:57 PM PDT

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