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48304 Stewart Drive #J1-4, 
Indio, CA 92201

$920,000


8

Beds


4

Baths


2,816

Sq Ft


Multi-Family

Active

Listed by

Jelmberg Team

Kw Coachella Valley

Last updated:

January 23, 2026, 06:26 AM

MLS#

219141944

Source:

CA DAMLS

About This Home

48304 Stewart Drive #J1-4

Rare Multi-Unit Short-Term Rental Investment Opportunity in Indian Palms Country Club! A unique opportunity to acquire all four units in Building J (J1, J2, J3, and J4)—each approved for short-term rentals with no rental restrictions—offering exceptional income potential within one of Indio's most sought-after gated communities. Each residence features a 2-bedroom, 1-bath layout with approximately 704 sq. ft. (EST.) of efficient living space, making these units highly attractive for short-term guests, seasonal renters, and festival attendees. Ideally located just minutes from the Empire Polo Grounds—home to the world-renowned Coachella and Stagecoach festivals—this portfolio is perfectly positioned to capitalize on strong, year-round rental demand. This four-unit offering provides scale, operational efficiency, and diversification, allowing investors to streamline management while maximizing cash flow potential within a single building. The HOA of $392 per unit, per month includes 24-hour gated security, two community pools and spa, a putt-putt course, laundry facilities, guest parking, barbecue areas, and a pool house with a mini kitchen—enhancing guest experience while helping control operating expenses. An outstanding opportunity for investors, portfolio buyers, or 1031 exchange purchasers seeking a rare multi-unit, short-term-rental-approved asset in the heart of the Coachella Valley.

Home Facts

Multi-Family

4 Baths

8 Bedrooms

Built in 1982

Price Summary

920,000

$326 per Sq. Ft.

MLS #:

219141944

Last Updated:

January 23, 2026, 06:26 AM

Added:

17 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

2,816 Sq. Ft.


Structure

Structure

Building Area:

2,816 Sq. Ft.

Year Built:

1982


Lot

Lot Size (Sq. Ft):

3,484


Finances & Disclosures

Finances

Price:

$920,000

Price per Sq. Ft:

$326 per Sq. Ft.

Source:CA DAMLS
Based on information from the California Desert Association of REALTORS® as of January 23, 2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.