7242-7264 Olympic Rd | Joshua Tree, CA 92252
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- LoopNet Team
7242-7264 Olympic Rd
Joshua Tree, CA 92252
Olympic Village Apartments · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- FIRST TIME EVER ON THE MARKET! / Two-Property Portfolio featuring two (2) side-by-side Fourplexes, available together or individually.
- Properties show pride of ownership, with consistent upkeep & recent upgrades, including new roofs, flooring, water heaters, & other key improvements.
- Each property has a secure onsite laundry room & single-car garages per unit for additional income. / Large 950 Square-Feet Two-Bedroom Units.
- ProForma CAP Rate of 6.97% With a ProForma GRM of 10.29. Current CAP Rate of 5.02%. / ProForma CAP Rate is Based on Leveling Off Current Rents.
- This regular maintenance ensures the buildings are in excellent condition, offering both aesthetic appeal and functional reliability.
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.91 AC |
| Property Type | Multifamily | Building Size | 18,437 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1991 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.91 AC |
| Building Size | 18,437 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1991 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Patio
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | 900 - 950 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $570,228 | |
| Land Assessment | $90,672 | Total Assessment | $660,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$90,672
Improvements Assessment
$570,228
Total Assessment
$660,900
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