Home | Riverside County | Palm Springs | 92262 | 1433 1455 N Indian Canyon Dr
MLS: CRPW26156366 | Status: | Price: $3,500,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 40,510 | 1936 |
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.
| Field | Value |
|---|---|
| MLS # | CRPW26156366 |
| MLS Source | California Regional MLS |
| Days on Site | 13 |
| Feature | Details |
|---|---|
| Heating | No Heating |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
Ryan Loria
Triqor Group
License #: 02006138
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Katherine Finchy Elementary School | public | K-5 | 0.59 mi | 4 |
| Raymond Cree Middle School | public | 6-8 | 0.60 mi | 5 |
| Vista Del Monte Elementary School | public | K-5 | 0.82 mi | 3 |
| Palm Springs High School | public | 9-12 | 2.21 mi | 5 |
| Desert Learning Academy | public | K-12 | 2.26 mi | 3 |
| Cahuilla Elementary School | public | K-5 | 2.42 mi | 3 |
| Virtual Pre | public | UG | 3.18 mi | N/A |
| Agua Caliente Elementary School | public | K-5 | 3.47 mi | 4 |
| Rio Vista Elementary School | public | K-5 | 3.79 mi | 5 |
| Landau Elementary School | public | K-5 | 4.24 mi | 3 |
| Mt. San Jacinto High School | public | 9-12 | 4.27 mi | 2 |
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This listing information is up-to-date as of July 17, 2026. For the most current information, please contact Ryan Loria.