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$1,200,000

Beds
12
Baths
6.0
sq ft
5,076

7382 Olympic Rd, Joshua Tree, CA 92252

7382 Olympic Rd

Joshua Tree, CA 92252

  • 35 days on market
Prime hillside 6-Plex offers a wonderful value & investment opportunity in world famous Joshua Tree. Each of the spacious, 2-bedroom, 1-bath apartments spans nearly 900 sq. ft. & features modern finishes throughout. Two of the units have been recently renovated top to bottom while two more of the units were recently painted & updated. Each equipped with AC, gas wall heaters, & fully appointed kitchens, including gas stoves, refrigerators, microwaves, & dishwashers. With two dedicated parking spots per unit & private patios, tenants enjoy added convenience & comfort. The property is separately metered for electricity & gas, making it an efficient investment. The exterior has recently been updated while new landscaping was installed to beautify & conserve water. A shared courtyard with a pergola, picnic table, & desert landscaping, providing a relaxing outdoor space for residents. A laundry room with two sets of washers & dryers adds further appeal. Located on a hillside, the building offers sweeping panoramic views, enhancing its desirability. The 6-Plex is ideally located just 4 minutes from Copper Mountain College, 10 minutes from Hi-Desert Medical Center & the courthouse. 25 minutes from the 29 Palms Marine Base. Palm Springs is just 44 minutes away. With the Morongo Basin's booming rental market & growing demand, this property is a solid investment for both long-term & medium-term rentals. Don't miss out on this rare opportunity in a rapidly expanding area.

Details

Property type

Est. home value

$957,392

Property condition

Updated/Remodeled

Lot size

0.72 acres

Price per sq ft

$237

Year built

1984

Price History

11/19/2024
DesertArea

DesertArea #219120236

Listed
$1,200,000
+26.45%
09/20/2022
CRMLS

CRMLS #JT22173238

Sold
$949,000
+40.59%
01/15/2021
CRMLS

CRMLS #IG20226441

Sold
$675,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

The Stedgh Trust

Loan start date

October 2023

Original loan amount

$20,000

Est. remaining balance

Not provided

Interest rate

7.18%

Loan type

Commercial

Seller

J And C Ventures Llc

Lender

The Stedgh Trust

Loan start date

September 2023

Original loan amount

$550,000

Est. remaining balance

Not provided

Interest rate

6.96%

Loan type

Commercial

Seller

J And C Ventures Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/24/2024 at 8:15 AM

Listing updated: 12/06/2024 at 12:20 PM

Listed by: Faisal Alserri, Sharon Rose Realty, Inc. Phone #: (760) 880-4894

MLS: DesertArea #219120236

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