2303 N Indian Canyon Dr
Palm Springs, CA 92262
Map
- 20 beds
- 20 baths
- 12,000 sqft
- $270 per sqft
- 1966 build
- – on site
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!
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Last updated Jul 19, 2025
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MLS# CV25161388 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1966
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Year Built Source:Public Records
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New Construction:No
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Total Number Of Units:20
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Structure Type:Multi Family
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
Interior
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Levels:Two
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Entry Location:N Indian Canyon Dr
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Room Type:Kitchen
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Living Area Units:Square Feet
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Living Area Source:Public Records
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Fireplace:Yes
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Furnished:Unfurnished
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Fireplace:Bath, Family Room, Kitchen, Living Room, Electric, Gas
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Laundry:Common Area
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Laundry:1
Room Dimensions
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Living Area:12000.00
Financial & Terms
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Lease Term:Month To Month
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Rent Includes:None
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Additional Rent For Pets:No
Location
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Directions:Located off of N Indian Canyon Drive
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Latitude:33.85053300
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Longitude:-116.54603900
The Property
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Property Type:Residential Lease
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Subtype:Apartment
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Lot Features:16-20 Units/Acre
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Lot Size Area:19602.0000
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Lot Size Acres:0.4500
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Lot Size SqFt:19602.00
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Lot Size Source:Public Records
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View:None
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Property Attached:1
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Additional Parcels:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:044602
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Tax Lot:0446
Beds
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Total Bedrooms:20
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Main Level Bedrooms:20
Baths
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Total Baths:20
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Full & Three Quarter Baths:20
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Main Level Baths:20
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Full Baths:20
The Listing
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Parcel Number:504260022
Heating & Cooling
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Cooling:Yes
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Cooling:Central Air
Utilities
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Sewer:Public Sewer
Schools
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High School District:Palm Springs Unified
The Community
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Subdivision:43 @ Racquet Club (33139)
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Subdivision:43 @ Racquet Club (33139)
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Units in the Community:20
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Features:Biking, Sidewalks, Storm Drains, Street Lights
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Association:No
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Pool:Community
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Senior Community:No
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Private Pool:No
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Pets Allowed:Breed Restrictions
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
