$825,000
$174K PRICE DROP

1315 N Indian Canyon Dr Palm Springs, CA 92262

Estimated payment $5,166/month

Total Views 4,437
4 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Contemporary Architecture
  • Air Conditioning
  • 1-Story Property
  • Palm Springs High School Rated A-
  • Auto Driveway Gate

About This Home

Price adjustment! Unique opportunity to acquire this cozy, quiet, income producing 4 plex consisting of 4 studio apartments. Conveniently located in Central Palm Springs on N. Indian Canyon. There is private, gated parking for tenants. Fully rented with long term tenants. Some units have outdoor patio space. Most units have been updated. Great potential for income day one. All leases will be transferred to buyers/new owners.

Listing Agent

Sara Swanson

BD Homes-The Paul Kaplan Group License #01959496 Listed on: 03/28/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,707

Year Built

  • Built in 1948

Lot Details

  • 8,276 Sq Ft Lot

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • Private Parking
  • Auto Driveway Gate
  • Shared Driveway

Utilities

  • Air Conditioning
  • Window Unit Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 505-184-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,707

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary Mediterranean
  • Levels: One
  • Street Number Display: Yes
  • Lot Acreage: 0.1900
  • Stories: 1
  • Year Built: 1948
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Equipment: Range/Oven, Refrigerator

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway Gate, Shared Driveway, Private, Parking Space

Utilities

  • Cooling: Air Conditioning, Window Unit(s)

Lot Info

  • Assessed Improvement Percent: 80.00
  • Assessed Improvement Value: 557543
  • Assessed Land Percent: 20
  • Assessed Land Value: 139384
  • Total Assessed Value: 696927
  • Assessor Parcel Number: 505-184-013
  • Lot Size Area: 8276

Rental Info

  • Total Actual Rent: 56330.00
  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 16.00
  • Number Of Units: 4
  • Total Annual Expense: 10262.67
  • Type Of Units: Studios
  • Vacancy Rate: none

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,707 $710,864 $142,171 $568,693
2023 $9,707 $683,262 $136,651 $546,611
2022 $9,883 $669,866 $133,972 $535,894
2021 $9,703 $656,733 $131,346 $525,387
2020 $4,800 $287,117 $90,075 $197,042
2019 $4,737 $281,488 $88,309 $193,179
2018 $4,669 $275,970 $86,578 $189,392
2017 $4,617 $270,560 $84,881 $185,679
2016 $4,682 $265,256 $83,217 $182,039
2015 $4,679 $261,273 $81,968 $179,305
2014 $4,293 $256,157 $80,363 $175,794
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2025 08/31/25 Price Changed $825,000 -8.2% --
06/29/2025 06/29/25 Price Changed $899,000 -6.1% --
05/15/2025 05/15/25 Price Changed $957,500 -4.2% --
03/28/2025 03/28/25 For Sale $999,000 0.0% --
03/14/2016 03/14/16 Rented $795 0.0% --
03/10/2016 03/10/16 Price Changed $795 -5.9% $2 / Sq Ft
01/20/2016 01/20/16 For Rent $845 0.0% --
04/12/2013 04/12/13 Sold $255,000 -1.9% $128 / Sq Ft
03/21/2013 03/21/13 Pending -- -- --
03/18/2013 03/18/13 For Sale $260,000 -- $130 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $650,000 North American Title
Interfamily Deed Transfer -- North American Title
Grant Deed $255,000 Lawyers Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- New Century Title Company
Corporate Deed $175,000 First American Title Ins Co
Grant Deed -- First American Title Co
Grant Deed -- Chicago Title Co
Grant Deed $128,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $292,750 Commercial
Previous Owner $164,500 Commercial
Previous Owner $139,920 Commercial
Previous Owner $58,800 Commercial
Source: Public Records

Source: The MLS

MLS Number: 25517761PS

The MLS

APN: 505-184-013