7242-7264 Olympic Rd - Apartments FOR SALE
Joshua Tree, CA 92252 |
$1,725,000 USD
714-814-2088
7242-7264 Olympic Rd
Joshua Tree, CA 92252
HIGHLIGHTS
- FIRST TIME EVER ON THE MARKET! / Two-Property Portfolio featuring two (2) side-by-side Fourplexes, available together or individually.
- ProForma CAP Rate of 6.46% With a ProForma GRM of 10.89. Current CAP Rate of 4.86%. / ProForma CAP Rate is Based on Leveling Off Current Rents.
- Properties show pride of ownership, with consistent upkeep & recent upgrades, including new roofs, flooring, water heaters, & other key improvements.
- This regular maintenance ensures the buildings are in excellent condition, offering both aesthetic appeal and functional reliability.
- Each property has a secure onsite laundry room & single-car garages per unit for additional income. / Large 950 Square-Feet Two-Bedroom Units.
OVERVIEW
The Olympic Village Apartments are a two-property portfolio for a total of Eight (8) units, located side by side at 7242-7264 Olympic Road, Joshua Tree, CA 92252. Each unit features a Two-Bedroom, One-Bathroom layout. Built in 1991, the properties sit on a combined 0.903 acres of land and showcase pride of ownership with well- maintained grounds and units.
FOR SALE DETAILS
PRICE
$1,725,000 USD
PRICE/SF
$94 USD /SF
# OF UNITS
8
PRICE/UNIT
$215,625
CAP RATE
4.86%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Olympic Village Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1991
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.91 AC
LAND SF
39,698 SF
ZONING
-
APN/PARCEL ID
0601-441-13,0601-441-14
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714-814-2088
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714-814-2088
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