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Listed by ALBERT LE • LE INVESTMENT GROUP
$ 862,500
Est. payment | /mo
3,800 SqFt
$ 862,500
Est. payment | /mo
3,800 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,800 sqft
Price per Sqft $226
MLS Listing ID IV-25019322
Year Built 1991
Lot Size 0.451 Acres
Property Sub-Type Apartment
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
Laundry Common Area
Exterior
Parking Features Gated
Garage Spaces 4.0
Pool None
Community Features Sidewalks
Building
Lot Description 2-5 Units/Acre
Sewer Conventional Septic
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114