$862,500
Est. payment /mo
2 BD
1 BA
0.45 Acres Lot
Active
7242 Olympic Road Joshua Tree, CA 92252
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UPDATED:
01/28/2025 11:38 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV25019322
Bedrooms 2
HOA Y/N No
Lot Size 0.451 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
FIRST TIME EVER ON THE MARKET! The Olympic Village Apartments consist of a two-property portfolio with a total of eight (8) units, located side by side at 7242-7264 Olympic Road, Joshua Tree, CA 92252. These properties are being offered together for $1,725,000 or individually at $862,500 each. Each unit features a two-bedroom, one-bathroom layout. Built in 1991, the properties sit on a combined 0.903 acres of land and demonstrate a clear pride of ownership, with well-maintained grounds and units. The Pro Forma CAP Rate is 6.46%, with a Pro Forma GRM of 10.89, while the current CAP Rate stands at 4.86%. (7264 Olympic Road APN: 0601-441-14)
FIRST TIME EVER ON THE MARKET! The Olympic Village Apartments consist of a two-property portfolio with a total of eight (8) units, located side by side at 7242-7264 Olympic Road, Joshua Tree, CA 92252. These properties are being offered together for $1,725,000 or individually at $862,500 each. Each unit features a two-bedroom, one-bathroom layout. Built in 1991, the properties sit on a combined 0.903 acres of land and demonstrate a clear pride of ownership, with well-maintained grounds and units. The Pro Forma CAP Rate is 6.46%, with a Pro Forma GRM of 10.89, while the current CAP Rate stands at 4.86%. (7264 Olympic Road APN: 0601-441-14)
FIRST TIME EVER ON THE MARKET! The Olympic Village Apartments consist of a two-property portfolio with a total of eight (8) units, located side by side at 7242-7264 Olympic Road, Joshua Tree, CA 92252. These properties are being offered together for $1,725,000 or individually at $862,500 each. Each unit features a two-bedroom, one-bathroom layout. Built in 1991, the properties sit on a combined 0.903 acres of land and demonstrate a clear pride of ownership, with well-maintained grounds and units. The Pro Forma CAP Rate is 6.46%, with a Pro Forma GRM of 10.89, while the current CAP Rate stands at 4.86%. (7264 Olympic Road APN: 0601-441-14)
Location
State CA
County San Bernardino
Area Joshua Tree (92252)
Zoning Appraiser
Building
Lot Description Sidewalks
Story 2
Sewer Septic Installed
Level or Stories 2 Story
Others
Monthly Total Fees $82
Space Rent $1,400
Listed by ALBERT LE • LE INVESTMENT GROUP