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

Palm Springs
Local realty services provided by:ERA Donahoe Realty
1433-1455 N Indian Canyon Drive,Palm Springs, CA 92262
$3,500,000
  • 4 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: ryan loria
Office: triqor group
MLS#:PW26156366
Source:San Diego MLS via CRMLS

Price summary

  • Price:$3,500,000

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

  • Subdivision & Development:Vista Las Palmas (33273)
  • Listing ID #:PW26156366
  • Added:117 day(s) ago
  • Updated:November 12, 2026 at 04:15 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:5

Structure and exterior

  • Levels:1 Story

Finances and disclosures

  • Price:$3,500,000

Features and amenities

  • Pool features:Community/Common
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