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48374 Stewart Drive K4, Indio, California 92201, Indio, 92201 - 2 bed, 1 bath

48374 Stewart Drive K4, Indio, California 92201 home-pic-0
ACTIVE$240,000$704/sqft
48374 Stewart Drive K4, Indio, California 92201
2Beds
1Bath
704Sqft
871Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Short-Term Rental Approved: Explicitly approved for short-term rentals with no restrictions, maximizing income potential in a high-demand area.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 722.

Compared to the nearby listings

Price:$240.0K vs avg $299.5K ($-59,500)33%
Size:704 sqft vs avg 1,095 sqft28%
Price/sqft:$341 vs avg $27089%

More Insights

Built in 1982 (44 years old).
Condition: Built in 1982, this property is over 40 years old. While described as 'updated,' the interior images show a functional but dated aesthetic. The kitchen features older white appliances, traditional wood-tone cabinets, and basic speckled countertops. The bathroom also presents with a dated vanity, countertop, and light fixture. Flooring includes tile and carpet that appears somewhat worn. The property is well-maintained and livable, but requires substantial cosmetic updates, especially in the kitchen and bathroom, to meet modern standards and styles.
Year Built
1982
Close
-
List price
$240K
Original List price
$240K
Price/Sqft
$341
HOA
$392
Days on market
-
Sold On
-
MLS number
219141414DA
Home ConditionFair
Features
Good View:
View-

About this home

Rare Short-Term Rental Investment Opportunity in Indian Palms Country Club! This updated 2-bedroom, 1-bath residence offers approximately 704 sq. ft. (EST.) of efficient, well-designed living space and is approved for short-term rentals with no rental restrictions--a standout opportunity within the community. Ideally located just minutes from the Empire Polo Grounds, home to the world-famous Coachella and Stagecoach music festivals, as well as nearby dining, shopping, and entertainment, this property is perfectly positioned to capture strong year-round rental demand. All four units in Building K are available for sale, presenting a rare opportunity for investors seeking a multi-unit acquisition or portfolio expansion within the same building. The monthly HOA of $392 includes 24-hour gated security, two community pools and a spa, a putt-putt course, laundry facilities, guest parking, barbecue areas, and a pool house with a mini kitchen--enhancing guest appeal while helping to manage operating costs. An excellent opportunity for investors, 1031 exchange buyers, or those seeking a flexible desert retreat with proven income potential.

J
Jelmberg Team
Listing Agent

Nearby schools

7/10
Dr. Reynaldo J. Carreon Jr. Academy
Public,•K-5•1.1mi
3/10
Thomas Jefferson Middle School
Public,•6-8•1.0mi
4/10
Indio High School
Public,•9-12•1.7mi

Price History

Date
Event
Price
07/28/04
Sold
$828,000
Condition Rating
Fair
Built in 1982, this property is over 40 years old. While described as 'updated,' the interior images show a functional but dated aesthetic. The kitchen features older white appliances, traditional wood-tone cabinets, and basic speckled countertops. The bathroom also presents with a dated vanity, countertop, and light fixture. Flooring includes tile and carpet that appears somewhat worn. The property is well-maintained and livable, but requires substantial cosmetic updates, especially in the kitchen and bathroom, to meet modern standards and styles.
Pros & Cons

Pros

Short-Term Rental Approved: Explicitly approved for short-term rentals with no restrictions, maximizing income potential in a high-demand area.
Event-Centric Location: Proximity to Empire Polo Grounds (Coachella, Stagecoach) ensures strong seasonal demand and year-round rental appeal.
Comprehensive HOA Amenities: Gated security, multiple pools, spa, putt-putt, and laundry facilities enhance guest experience and property value.
Multi-Unit Acquisition Potential: Opportunity to purchase all four units in the building, ideal for portfolio expansion or larger investors.
Established Investment Profile: Positioned as an excellent opportunity for investors and 1031 exchange buyers with proven income potential.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 722.
Compact Living Space: At 704 sq. ft., the unit offers limited living area, which might deter some renters or buyers seeking more spacious accommodations.
Single Bathroom: A single bathroom for a two-bedroom unit can be a functional limitation, especially for multiple guests or families.
Property Age: Built in 1982, the property is over 40 years old, potentially indicating older infrastructure despite being 'updated,' which could lead to future maintenance considerations.
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