7242 Olympic Road
Joshua Tree, CA, 92252
$1,725,000
Beds
0 Baths
SqFt
0.9 Acres
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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 6.97%, with a Pro Forma GRM of 10.27, while the current CAP Rate stands at 5.02%.

Property Details

Price:
$1,725,000
MLS #:
IV25019322
Status:
Active
Baths:
0
Address:
7242 Olympic Road
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
dc626outlyingnorthsunfairheights
City:
Joshua Tree
Listed Date:
Dec 10, 2024
State:
CA
ZIP:
92252
Lot Size:
39,334 sqft / 0.90 acres (approx)
Year Built:
1991
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Exterior

Community Features
Sidewalks
Garage Spaces
8.00
Lot Features
2-5 Units/ Acre
Parking Spots
8.00
Pool Features
None
Sewer
Conventional Septic
Stories Total
2
Water Source
Public

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Community

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7242 Olympic Road
Joshua Tree, CA