7242 Olympic Road
Joshua Tree, CA 92252
0.45 acres | #IV25019322
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)
Property Details
- Lot DescriptionTwoToFiveUnitsAcre
- CountySan Bernardino
- Property TypeMulti-Family
- Sewer InformationSepticTank
- MLS #IV25019322
- MLS #IV25019322
- Property SubtypeApartment
- Original List Price$862,500
- Acres0.4513
- Utility SourcePublic
- Cost862500
- Year Built1991
- Stories2
- Parking Spaces4
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: ALBERT LE (#IVLEALBER)
Listing Office: LE INVESTMENT GROUP (#IVLEIN)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
