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)
Property Details
Price:
$862,500
MLS #:
IV25019338
Status:
Active
Baths:
0
Address:
7264 Olympic Road
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
dc626outlyingnorthsunfairheights
City:
Joshua Tree
Listed Date:
Dec 10, 2024
State:
CA
ZIP:
92252
Lot Size:
19,700 sqft / 0.45 acres (approx)
Year Built:
1991
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Schools
Interior
Exterior
Community Features
Sidewalks
Garage Spaces
4.00
Lot Features
2-5 Units/ Acre
Parking Spots
4.00
Pool Features
None
Sewer
Conventional Septic
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address7264 Olympic Road Joshua Tree CA
- AreaDC626 – Outlying North/Sunfair Heights
- CityJoshua Tree
- CountySan Bernardino
- Zip Code92252
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7264 Olympic Road
Joshua Tree, CA
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