3189 Candela Ave
Joshua Tree, CA 92252
Joshua Tree Village Campground · Specialty Property For Sale · 2,160 SF

JOSHUA TREE PERMITTED CAMPGROUND + 2,160sf 4bed/2bath HOME + 1,800sf WAREHOUSE + OVER 9 ACRES of heaven. 7 proven rentals; 6 permitted short term and 1 long term 30’ x 60’ industrial building with 2 additional adjoining parcels providing the room and ability to double the number of rentals. Campground holds a “Conditional Use Permit” (extremely difficult and costly to obtain) from the county of San Bernardino and house has a transferable STR permit. Current owner is interested in leasing the “shop” portion of the property from the new owner to help maintain the revenue stream. House and RV’s are sold 100% furnished and equipped with trained staff in place to ensure a seamless transition. This is a turnkey enterprise with future bookings in place and current owners are willing to help ease the transition with assistance on a consulting basis. Current cap rate while run on a VERY limited “part time” basis is 4.17%. Current owner only rents on select weekends as time permits which results in a mere 25.8% occupancy rate. Joshua Tree average AirBnb occupancy is 59% leaving a projected cap rate for existing rentals run on a “Full Time” basis at 8.06% with NOI of $145,000. Average Joshua Tree STR cap rate is 7.43% and the CA average is 2.37%. (Numbers reflect a 15.5% operating expense which includes outside labor expense). Owner will consider carrying a short term loan up to 50% on a cash deal secured by all 4 parcels. (Buyer to independently investigate and confirm all cap rates stated above.) Incredible opportunity.