11
See all 11 photos
$862,500
Est. payment /mo
0.45 Acres Lot
New
7242 Olympic RD Joshua Tree, CA 92252
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UPDATED:
01/27/2025 08:56 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV25019322
HOA Y/N No
Year Built 1991
Lot Size 0.451 Acres
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 6.46%, with a Pro Forma GRM of 10.89, while the current CAP Rate stands at 4.86%. (7264 Olympic Road APN: 0601-441-14)
Location
State CA
County San Bernardino
Area Dc626 - Outlying North/Sunfair Heights
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Septic Tank
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 0601441130000
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
Listed by ALBERT LE • LE INVESTMENT GROUP • 909-256-7889