7242 Olympic RD Active Save Request In-Person Tour Request Virtual Tour
Joshua Tree,CA 92252
Key Details
Property Type Multi-Family, Commercial
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIV25019322
Year Built 1991
Property Sub-Type Fourplex
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 6.97%, with a Pro Forma GRM of 10.27, while the current CAP Rate stands at 5.02%.
Location
State CA
County San Bernardino
Area Dc626 - Outlying North/Sunfair Heights
Interior
Laundry Laundry Area
Exterior
Garage Spaces 8.0
Pool None
Building
Sewer Septic Tank / Pump
Water District - Public
Others
Special Listing Condition Not Applicable