Olympic Village Portfolio
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Olympic Village Portfolio
2 Multifamily Properties Offered at $1,725,000 in Joshua Tree, CA
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 6.46% With a ProForma GRM of 10.89. Current CAP Rate of 4.86%. / 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.
Executive Summary
The Olympic Village Apartments are a two-property portfolio for a total of Eight (8) units, located side by side at 7242-7264 Olympic Road, Joshua Tree, CA 92252. Each unit features a Two-Bedroom, One-Bathroom layout. Built in 1991, the properties sit on a combined 0.903 acres of land and showcase pride of ownership with well- maintained grounds and units.
Property Facts
| Price | $1,725,000 | Status | Active |
| Price / SF | $226.97 / SF | Number of Properties | 2 |
| Cap Rate | 4.86% | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 7,600 SF |
| Price | $1,725,000 |
| Price / SF | $226.97 / SF |
| Cap Rate | 4.86% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,600 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 7264 Olympic Rd, Joshua Tree, CA 92252 | Multifamily | 3,800 SF | 1991 | - |
| 7242 Olympic Rd, Joshua Tree, CA 92252 | Multifamily | 3,800 SF | 1991 | - |
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Olympic Village Portfolio
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