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63020 Two Mile Rd - 2 UNIQUE Homes- 10% CAP + growth potential 2,360 SF Specialty Building Offered at $1,349,000 at a 10% Cap Rate in Joshua Tree, CA 92252
Investment Highlights
- UNIQUE BUILD - Hangar style, 20' Ceiling - Energy efficient
- ROOM for income GROWTH (add another structure, multi platform, add wellness ammenities)
- Approx 10% current CAP
- Active STR's - only on 1 platform currently
- 1031 and/or bonus depreciation
- 3+ million annual visitors to Joshua Tree National Park
Executive Summary
A unique proven, cash-flowing ($203K revenue) hospitality compound in the Joshua Tree desert. Approx 10% CAP. Perfect for 1031 and bonus deprecation. Set on 7+ acres just 2.5 miles from Downtown Joshua Tree & 8 miles fr National Park West Entrance, this offering includes two architecturally distinctive hangar-style homes: Moon themed "Desert Moon" and spaceship themed "Starship Base", both new builds (2021/2023) operating as top-rated short-term rentals w/ $203,000 in documented trailing-year revenue and approx $135,000 in net operating profit. Each hangar is approx 1160 sqft 2/2B, 20 ft ceilings, dramatic 15 ft window walls framing desert/mountain views, two king ensuite bedrooms, immersive themed interiors, custom space pods and stargazing lofts, fully fenced private backyards with hot tubs, seasonal above-ground pools, propane fire pits, and outdoor dining. Each unit is steel constructed with closed-cell spray foam insulation and commercial-grade roofing membranes — a build quality that delivers exceptional energy efficiency (reflected in the expenses), superior durability against sun and wind, and an extremely low-maintenance ownership profile. Unlike much of the area, the property is served by municipal water and grid power — no well, no water hauling, no off-grid complexity. Both units hold active San Bernardino County short-term rental registrations and carry high guest ratings (4.96 and 4.97 across 475+ combined reviews), with the Desert Moon holding "Airbnb Guest Favorite status" and the Starship ranked in the "top 10% of eligible listings."
Beyond current income, the upside is substantial!
1. Properties have been marketed exclusively on a single booking channel; expansion to Vrbo, Booking.com, direct booking, and corporate/retreat/wellness channels represents UNTAPPED DEMAND.
2. The 7.5-acre parcel may offer a potential subdivision for an ADDITIONAL LOT AND HOME(S) but buyer to verify feasibility w/ San Bernardino County Land Use Services.
3. Luxury repositioning — WELLNESS upgrades, pool heating or changing to an in-ground, and complete design refresh (See AI renderings).
All 3 options offer a clear path to HIGHER ADRs in a market where unique stays and wellness focused spaces now command significant premiums.
Offered fully furnished and turnkey with operating history and revenue documentation. This is a unique new construction, dual-unit compound with this performance history, land position, and growth strategy.
*agent related to owner.
Beyond current income, the upside is substantial!
1. Properties have been marketed exclusively on a single booking channel; expansion to Vrbo, Booking.com, direct booking, and corporate/retreat/wellness channels represents UNTAPPED DEMAND.
2. The 7.5-acre parcel may offer a potential subdivision for an ADDITIONAL LOT AND HOME(S) but buyer to verify feasibility w/ San Bernardino County Land Use Services.
3. Luxury repositioning — WELLNESS upgrades, pool heating or changing to an in-ground, and complete design refresh (See AI renderings).
All 3 options offer a clear path to HIGHER ADRs in a market where unique stays and wellness focused spaces now command significant premiums.
Offered fully furnished and turnkey with operating history and revenue documentation. This is a unique new construction, dual-unit compound with this performance history, land position, and growth strategy.
*agent related to owner.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$202,785
|
$85.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$202,785
|
$85.93
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$68,255
|
$28.92
|
| Net Operating Income |
$134,530
|
$57.00
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $202,785 |
| Annual Per SF | $85.93 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $202,785 |
| Annual Per SF | $85.93 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $68,255 |
| Annual Per SF | $28.92 |
| Net Operating Income | |
|---|---|
| Annual | $134,530 |
| Annual Per SF | $57.00 |
Property Facts
| Price | $1,349,000 | Building Class | B |
| Price Per SF | $571.61 | Lot Size | 7.06 AC |
| Sale Type | Investment | Building Size | 2,360 SF |
| Cap Rate | 10% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2021 |
| Property Subtype | Residential Income | Parking Ratio | 2.54/1,000 SF |
| Zoning | JTRL - Minimum Lot Size:generally 2.5 acres per single-family residence (often denoted as JT/RL-2.5) BUYER TO VERIFY | ||
| Price | $1,349,000 |
| Price Per SF | $571.61 |
| Sale Type | Investment |
| Cap Rate | 10% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | B |
| Lot Size | 7.06 AC |
| Building Size | 2,360 SF |
| No. Stories | 1 |
| Year Built | 2021 |
| Parking Ratio | 2.54/1,000 SF |
| Zoning | JTRL - Minimum Lot Size:generally 2.5 acres per single-family residence (often denoted as JT/RL-2.5) BUYER TO VERIFY |
Amenities
- Controlled Access
- Air Conditioning
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0604-281-18 | Improvements Assessment | $583,664 (2026) |
| Land Assessment | $39,044 (2026) | Total Assessment | $622,708 (2026) |
Property Taxes
Parcel Number
0604-281-18
Land Assessment
$39,044 (2026)
Improvements Assessment
$583,664 (2026)
Total Assessment
$622,708 (2026)
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63020 Two Mile Rd - 2 UNIQUE Homes- 10% CAP + growth potential