Joshua Tree, CA 92252 7242 Olympic Road
$862,500
6 more
Presented By: ALBERT LE with LE INVESTMENT GROUP; 909-256-7889
Beds • 8
Baths • 1
SQFT • 3,800
Garage • 4
Year Built • 1991
Home Details
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)
Presented By: ALBERT LE with LE INVESTMENT GROUP; 909-256-7889
Interior Features for 7242 Olympic Road
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 7242 Olympic Road
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.86
Carport Y/NNo
CityJoshua Tree
Community FeaturesSidewalks
CountySan Bernardino
DirectionsPlease refer to maps.
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationFloor
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income61005.0
HOANo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsSubmit
Lot Size Square Feet19657.0
Lot Size UnitsSquareFeet
MLS AreaDC626 - Outlying North/Sunfair Heights
MobileHomeRemainsYNNo
Net Operating Income41942.0
New ConstructionNo
Number Of Units Total4
Operating Expense19063.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerSepticTank
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot19
Trash Expense0.0
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1991
Year Built SourceAppraiser
Exterior for 7242 Olympic Road
Building Area Total3800.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.4513
Lot Size Area19657.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
