$1,725,000
0.90 Acre Lot

7242 Olympic Road, Joshua Tree, California 92252

  • Residential Income Property Type
  • 1991 Year Built
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 6.97%, with a Pro Forma GRM of 10.27, while the current CAP Rate stands at 5.02%.

Basic Details
Residential Income
For Sale
IV25019322
$1,725,000
1991
0.90 Acre
Active
1
Apartment
Features
: None
: Common Area
: Septic Tank
$0
Address Map
CA
San Bernardino
Joshua Tree
92252
Olympic
7242
Road
W117° 38' 52.5''
N34° 7' 17.6''
Please refer to maps.
DC626 - Outlying North/Sunfair Heights
Additional Information
$0
$0
$0
$0
$0
7600
: Sidewalks
1
8.0
: Two
: 2-5 Units/Acre
8
2025-01-27
862500
2
2
: Public
Broker/Agent Information
LE INVESTMENT GROUP
ALBERT LE
Listing Information
IVLEALBER
IVLEIN
Submit
Active
2025-04-28T22:58:34Z
CRMLS
: Standard
2025-01-27T12:28:16Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069