46595 Vargas Rd, Indio, CA 92201
Property image
Property image
FOR SALE
2.44 ACRES
Listed by Eric Chen, CB RICHARD ELLIS, (626) 757-5717

$8,400,000

  • 51 Beds
  • 51 Baths
  • 29,376 sqft (on 2.44 acres)

46595 Vargas Rd, Indio, CA 92201

Est. Mortgage $52,703/mo*
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Home Highlights

Multi-Family
Built in 1982
2.44 acre lot
$286/sqft
68 Parking Spaces

Local Information

  • Map ViewExplore the area around 46595 Vargas Rd.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

We are pleased to exclusively present a distinguished multifamily investment opportunity at Casa Serena Apartments, 46595 Vargas Road in Indio, CA, offering a strong in-place income stream in the heart of the Coachella Valley.
This well-maintained 51-unit garden-style community provides residents with direct access to the I-10 Freeway and Highway 111 retail corridor, and proximity to the world-famous Empire Polo Grounds and Coachella Valley Music & Arts Festival.
Situated on a ±106,286 SF lot, Casa Serena features ±29,376 SF of rentable space across 51 one-bedroom/one-bathroom floor plans averaging a generous 576 SF each. Select units have been brand new remodeled with dark cabinetry, granite-style countertops, luxury vinyl wood plank flooring, and new tub and shower surrounds. Open-concept island kitchens offer a breakfast bar, electric stove and range with hood, and ample cabinet storage. Each unit includes walk-in closets, double-pane windows, private individual patios, and central air and heating — all on one story with no neighbors above or below. Common areas feature an on-site laundry facility, lush mature landscaping, a beautifully maintained courtyard, and surface parking, with full-time on-site property management and maintenance staff.
Indio’s economy is anchored by a dynamic mix of hospitality, gaming, government, healthcare, and retail. Top employers include Fantasy Springs Resort Casino, Spotlight 29 Casino, the City of Indio, Desert Regional Medical Center, and the College of the Desert — driving a stable, diverse employment base across the Coachella Valley. As the secondary seat of Riverside County government, Indio supports thousands of public sector jobs. Tourism adds powerful economic strength, with nearly 1.4 million annual visitors drawn to the Coachella Valley Music & Arts Festival, the Empire Polo Grounds, and the National Date Festival — sustaining a consistent and resilient tenant base year-round.
Casa Serena Apartments is a stable income-producing asset in the Coachella Valley, promising a strong return on investment in one of Southern California’s most rapidly growing communities. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.

Home Details for 46595 Vargas Rd

Interior Features

Beds & Baths
Number of Bedrooms: 51Number of Bathrooms: 51
Appliances & Utilities
Laundry: Common Area
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
Spa: NoneNo Spa
Windows, Doors, Floors & Walls
Common Walls: 2+ Common Walls
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Levels: OneEntry Location: 1

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
Open Parking Spaces: 68No GarageParking Spaces: 68
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Days on Market: 52

Property Information

Year Built
Year Built: 1982
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Not a New ConstructionAttached To Another StructureHas Additional Parcels
Property Information
Parcel Number: 612064001Additional Parcels Description: through 612064052

Price & Status

Price
List Price: $8,400,000Price Per Sqft: $286

Active Status

MLS Status: Active

Location

Direction & Address
City: Indio

Agent Information

Listing Agent
Listing ID: CV26165757

Building

Building Area
Building Area: 29376 Square Feet

Community

Community Features: Curbs, SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 2.44 Acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Cash to New Loan

Rental Terms, Policies & Fees

No Rent Control

Miscellaneous

Mls Number: CV26165757Living Area Range Units: Square FeetAttribution Contact: 626-757-5717Common Interest: Community ApartmentUniversal Property Id: US-06065-N-612064001-R-N

Additional Information

CurbsSidewalksSource Internet Entire Listing Display

Around this home

What Locals Say about Indio

At least 444 Trulia users voted on each feature.

  • 83 % Say it's dog friendly

  • 83 % Say car is needed

  • 80 % Say parking is easy

  • 77 % Say yards are well-kept

  • 75 % Say there's holiday spirit

  • 68 % Say there are sidewalks

  • 64 % Say it's quiet

  • 58 % Say people would walk alone at night

  • 56 % Say kids play outside

  • 55 % Say they plan to stay for at least 5 years

  • 53 % Say streets are well-lit

  • 47 % Say it's walkable to grocery stores

  • 46 % Say neighbors are friendly

  • 44 % Say it's walkable to restaurants

  • 30 % Say there's wildlife

  • 25 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "It’s a nice Neighbourhood to walk in. There’s a lot of people that walk their dogs. They pick up dog poop for a very respectful."
    0
    Flag
  • Trulia User
    "I don’t have one as my work is only 15 minutes away but still in Indio. Apart from that Monroe has some bad traffic most days "
    0
    Flag
  • Veronica Corona
    "I was born and raised here. My city is a great city to live in. It’s hot, but it’s beautiful. Welcome to the valley."
    0
    Flag
  • B.K.
    "I have lived in this community for five years. It is a younger 55 and older community. People take care of their homes here. My only complaint is the HOA fees are too high."
    0
    Flag
  • Pjsfla
    "I live in a 55+ neighborhood and love it. My neighbors are friendly and I love my neighborhood. Great city and they are building new shopping centers and restaurants that are all close by."
    0
    Flag
  • Pjsfla
    "Senior community events held weekly in our 55+ community year round. Music, comedy, and travel events are planned year round. "
    0
    Flag
  • Dave Fraser
    "Close to Coachella concert every year. Close to palm springs. Has a Costco nearby. Plenty of shops and things to do"
    0
    Flag
  • Veronica Corona
    "I see people walking their dogs and kids playing outside. It’s a great area. I love loving here You will love it too. It’s beautiful. It’s quiet. You guys have a great day and remember where you live. It’s basically you make it what you wanted to be."
    0
    Flag
  • Veronica Corona
    "I was born and raised hete. I love my community. Its been peaceful in N. indio. No problems and neighbors are nice and respectful. "
    0
    Flag
  • Cj Blevins
    "Live in a gated community and the kids play here and are friendly. Not sure how to advise parents - but look for a gated community with kids if you have kids. "
    0
    Flag
  • Trulia User
    "Dog park nearby. Many residents have dogs. Most people follow pet rules. Neighbors look out for each other. "
    2
    Flag
  • Theodorak1
    "Freedom to walk their dog, see other dog owners, and lots of space to walk the dog. I think that it allows the owners lots of space and scenery. "
    8
    Flag
  • Sockeye342
    "Not a 55 and older community but most are. Not a lot of kids in the area. Areas outside the Country Club has lots of kids "
    4
    Flag
  • Jose P.
    "Lived here for over twelve years. All four of my children attended middle school thru graduation and have since graduated from college. Great community to live in. Few yo no issues. "
    0
    Flag
  • Ellen F.
    "lots of residents walking dogs in the country club gated community it is fantastic, absolutely love living here"
    5
    Flag
  • Melissa M.
    "Love the area so much. It’s a good location and has parks for the kids to play around at. Would like it here "
    0
    Flag
  • Hesmeraly G.
    "Well they broke my car windows once only while I was parked on the outside of the property . The pool is always open ."
    0
    Flag
  • Jose P.
    "Really nice. There is average traffic in the surface street and freeway is always open and moving freely unless it’s a holiday weekend or there is a festival in town. "
    0
    Flag
  • Samantha R.
    "There is not a lot of kids in our neighborhood. The parking is not great. But living on a golf course is nice."
    0
    Flag
  • Randywebb140
    "Commute is 15 min long with seldom traffic . It of CHP , give tickets to anyone. They don’t care how pretty you are. "
    2
    Flag
  • Julio R.
    "It’s a safe city with good public schools that focus on the children. There’s also colleges that are close to the city which helps us as parents and as families."
    0
    Flag
  • Francisco O.
    "It is an open community but still quiet. Hardly any disturbances and is still isolated from busy roads. The only time this area feels very alive is when Coachella And Stagecoach festivals are occurring right in our backyards. It’s a good neighborhood to be a part of overall."
    0
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  • Cisco O.
    "I’ve lived here for 23 years. Neighbors mind there business and it’s typically quiet. No busy streets are around to make noise. I would say it’s a good place to live."
    0
    Flag
  • Inspired
    "We’re located pretty much right in the border of Indio and LaQuinta so you have access to both areas nearby. 10min drive to Highway 111 and a busy shopping hub in LaQuinta."
    0
    Flag
  • Juanapallares
    "Dogs are left to roam around the streets not caring what happens to their pets and when they get runned over the owners cry on why the pet was struck down "
    0
    Flag
  • Christi H.
    "Not really, mostly Mexicans Americans around here. I’m open to all, here the neighbors are not social at all. "
    0
    Flag
  • Harleygirlst
    "There are dogs (on leash) walking around my neighborhood always. There are great dog parks close by. "
    0
    Flag
  • Hesmeraly G.
    "My area is lovely the only commotion we get here is from the ongoing church festivities or regular church schedules or occasional baptisms weddings or funerals."
    0
    Flag
  • Mad m.
    "Other than an annual yard sale there are no events. A long time ago, 10 years or more, there were community events. A nice couple would throw a Halloween party for kids, and the HOA board used to have bingo and White Elephant on holidays. "
    0
    Flag
  • Josedianachoko
    "We have community events reunions,all good great neighborhood, Very quiet community love to live here "
    0
    Flag
  • Claudiaconcienne
    "We have many events at the Bermuda Dunes Airport - such as classic car shows, charity 5k races, art shows, fly-ins, and concerts. Many people are gone for the summers but have winter homes here."
    0
    Flag
  • JESSICA D.
    "everyone walks their dogs and picks up after each others animals. dogs are all so friendly and non agressive."
    1
    Flag

Market trends in Indio

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$529K
$3.33KMoM
Sale-to-List Price
97.9%
0.2%MoM
Price per sq ft
$275
$3MoM
Available listings
472
21MoM

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
44547 Palm Ln, Indio, CA
1.34
Multi-Family Home
$590,150
10/02/25
6
4
2,838
1423 2nd St, Coachella, CA
2.67
Multi-Family Home
$325,000
06/24/26
9
9
1,548
41471 Maroon Town Dr, Bermuda Dunes, CA
5.11
Multi-Family Home
$345,000
02/05/26
6
-
2,880

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
83360 Vecino Way, Indio, CA 92201
0.08
$476,300
3
2
1,280
Off Market
83404 Vecino Way, Indio, CA 92201
0.10
$465,900
4
2
1,580
Off Market
46520 Grand St, Indio, CA 92201
0.09
$380,900
4
2
1,700
Off Market
83163 Beachwood Ave, Indio, CA 92201
0.14
$436,000
4
2
1,620
Off Market
83408 Corte Presidente, Indio, CA 92201
0.17
$593,900
5
3
2,361
Off Market
83148 Beachwood Ave, Indio, CA 92201
0.15
$426,300
4
2
1,700
Off Market
83111 Beachwood Ave, Indio, CA 92201
0.19
$436,900
4
3
1,539
Off Market
83111 Date Ave, Indio, CA 92201
0.20
$433,000
4
2
1,512
Off Market
83085 Stone Canyon Ave, Indio, CA 92201
0.21
$390,000
4
2
1,572
For Sale
83438 Ocean Breeze Ln, Indio, CA 92201
0.28
$516,200
4
3
2,093
Off Market
83391 Ocean Breeze Ln, Indio, CA 92201
0.29
$463,900
3
2
1,348
Off Market

Price and Tax history

DateEventPrice
Jul 30, 2026
Source: CRMLS #CV26165757
Listed For Sale
$8,400,000
May 2, 2022
Source: Zillow Rental Manager
ListingRemoved
Apr 2, 2022
Source: Zillow Rental Manager
PriceChange
$1,495
Price increased by 11%
Feb 18, 2022
Source: Zillow Rental Manager
PriceChange
$1,350
Price increased by 2%
Feb 1, 2022
Source: Zillow Rental Manager
Listed For Rent
$1,325

LGBTQ Local Legal Protections

Eric Chen, CB RICHARD ELLIS
Agent Phone: (626) 757-5717
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-18 16:48:47 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Frequently asked questions about 46595 Vargas Rd

  • What is the estimated monthly payment for 46595 Vargas Rd?
    Based on a $8,400,000 list price with 20% down at today's rates, the estimated monthly payment for 46595 Vargas Rd in Indio, CA is approximately $53,748 (about $45,483 principal & interest, $8,190 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 46595 Vargas Rd compare to homes in Indio?
    46595 Vargas Rd in Indio, CA is listed at $8,400,000, about 1489% above the $529K median sale price in Indio.
  • What do residents say about Indio?
    Residents describe Indio, CA as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See homes for sale in Indio, CA.
  • What are the closest schools to 46595 Vargas Rd?
    The closest schools to 46595 Vargas Rd in Indio, CA are Indio High School (rated 4/10), Theodore Roosevelt Elementary School (rated 3/10), Thomas Jefferson Middle School (rated 1/10).
  • Does 46595 Vargas Rd have air conditioning?
    Yes, 46595 Vargas Rd in Indio, CA has air conditioning.
  • Does 46595 Vargas Rd have laundry facilities?
    Yes, 46595 Vargas Rd in Indio, CA has laundry facilities.
46595 Vargas Rd, Indio, CA 92201 is a 51 bedroom, 51 bathroom, 29,376 sqft multi-family built in 1982. This property is currently available for sale and was listed by CRMLS on Jul 30, 2026. The MLS # for this home is MLS# CV26165757.