7242 Olympic Road, Joshua Tree, CA 92252 - Berkshire Hathaway HomeServices California Properties
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7242 Olympic Road, Joshua Tree, CA 92252

$862,500 Approx. USD 0 beds, 0 baths
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Listing Agent


ALBERT LE | albert.le@leinvestmentgroup.com
Lic#: 01468313
Broker: Courtesy of LE INVESTMENT GROUP

Agent Remarks

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)

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# IV25019322
Price: $862,500
Beds: 0
Baths: 0
Built in 1991
2 stories
0.45 acres
Lot size: 0.4513
County: San Bernardino
Lot description: TwoToFiveUnitsAcre
MLS area: DC626 - Outlying North/Sunfair Heights

Last Updated: 1/27/2025

 Days On Market (DOM): 50

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This listing belongs to the DC626 - Outlying North/Sunfair Heights MLS area

Lat/Long: 34.121554, -116.352083.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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