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$2,100,000

Beds
14
Baths
11.0
sq ft
8,239

62044 Chollita Rd, Joshua Tree, CA 92252

62044 Chollita Rd

Joshua Tree, CA 92252

  • 63 days on market
    • Price drop $400,000↓
Incredible investment opportunity to acquire a turn-key, fully furnished 9-unit multifamily complex with SHORT-TERM RENTAL potential, ideally suited for a 1031 exchange. Ideally located on a 1.33 acre lot in the vibrant heart of downtown Joshua Tree, this meticulously maintained property features recently renovated interiors. It is just a few minutes from local retail and close to the Joshua Tree National Park Visitor Center and weekly farmers market. The complex offers ample space for potential future development on its excess land (buyer to verify with appropriate authorities). On-site amenities include an office with an attached staging room for cleaners, laundry facilities, a storage shed, EV charging, and parking spots. Several units have private patios, large enough for jacuzzi installations, and all units feature living rooms and full kitchens, making them ideal for both long-term and short-term rentals. The property consists of nine units: six 1-bedroom/1-bathroom units, one 2-bedroom/1-bathroom unit, and two 3-bedroom/2-bathroom units. It currently holds a motel license and health permit, allowing for short-term rentals.

Details

Property type

Lot size

Unknown

Price per sq ft

$255

Year built

1960

Price History

11/07/2024
DesertArea

DesertArea #219117081

Price change
$2,100,000
-16%
09/21/2024
DesertArea

DesertArea #219117081

Listed
$2,500,000
+97.16%
05/12/2022
CRMLS

CRMLS #OC21228345

Sold
$1,268,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 11/23/2024 at 9:10 AM

Listing updated: 11/07/2024 at 7:10 AM

Listed by: Serena M Leiterman, Equity Union Phone #: (760) 621-0395

MLS: DesertArea #219117081

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