$1,100,000
$100K PRICE DROP

7382 Olympic Rd Joshua Tree, CA 92252

Estimated payment $7,245/month

Total Views 591
12 Beds
6 Baths
5,076 Sq Ft
$217 Price per Sq Ft

Highlights

  • Panoramic View
  • Ranch Style House
  • Oversized Parking
  • Private Lot
  • Secondary bathroom tub or shower combo
  • Side by Side Parking

About This Home

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.

Last Listed By

Faisal Alserri

Sharon Rose Realty, Inc. License #02053133 Listed on: 06/04/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.72 Acre Lot
  • Private Lot
  • Rectangular Lot
  • Hillside Location

Property Views

  • Panoramic
  • City Lights
  • Mountain
  • Desert
  • Hills
  • Valley

Home Design

  • Ranch Style House
  • Slab Foundation
  • Composition Shingle Roof
  • Stucco Exterior

Interior Spaces

  • 5,076 Sq Ft Home
  • Living Room
  • Dining Area
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms
  • Secondary bathroom tub or shower combo

Parking

  • 12 Car Parking Spaces
  • 12 Parking Garage Spaces
  • Oversized Parking
  • Side by Side Parking
  • Shared Driveway
  • On-Street Parking

Location

  • Ground Level

Utilities

  • Central Air
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Overhead Utilities
  • Property is located within a water district
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 0588143060000

Community Details

Overview

  • 3 Buildings

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Attached/Detached: No
  • Levels: Ground
  • Building Style: Ranch
  • Entry Location: Ground Level - No Steps, Living Room
  • List Price per Sq Ft: 216.71
  • View Type: City Lights, Valley, Panoramic, Mountain(s), Hills, Desert
  • Water District Name: JBWD
  • Year Built: 1984
  • Internal Listing I D: 20250605010308896133000000
  • Listing I D: 219131080
  • Listing Member Address: 5424 Old Woman Springs Rd, Yucca Valley, CA 92284
  • Listing Office Address: 5424 Old Woman Springs Road, Yucca Valley, CA 92284
  • Listing Office Fax: (760) 365-7405
  • List Office Board Code: Palm Springs Association of Realtors
  • Land Type: Fee
  • Subdivision: Not Applicable
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Gas Oven, Microwave Oven, Gas Cooktop
  • Total Bedrooms: 12
  • Bathroom Features: Shower Over Tub
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Laundry: Laundry Area
  • Estimated Sq Ft: 5076.00

Exterior Features

  • Construction: Stucco
  • Roofing: Composition Shingle
  • Foundation: Slab
  • View: Yes

Garage/Parking

  • Parking: RV Access/Parking, Driveway, Shared Driveway, On Street, Side By Side, Oversized
  • Parking Info Total Parking Spaces: 12.00
  • Total Uncovered Assigned Spaces: 12.00

Utilities

  • Number Electric Meters: 6
  • Number Water Meters: 1
  • Cooling Type: Air Conditioning
  • Heating: Hot Water
  • Heating Fuel: Natural Gas
  • Sewer: Septic Tank
  • Water: Water District
  • Number Gas Meter: 6

Lot Info

  • Assessor Parcel Number: 0588143060000
  • Lot Description: Rectangular Lot, Utilities Underground, Utilities - Overhead, Private, Street Public, Single Lot
  • Lot Location: Hillside
  • Lot Size: 31351.00

Rental Info

  • Land Lease Type: Fee Simple

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2025 06/04/25 For Sale $1,200,000 +4.3% $236 / Sq Ft
02/21/2025 02/21/25 For Sale $1,150,000 +21.2% $227 / Sq Ft
09/20/2022 09/20/22 Sold $949,000 0.0% $187 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
08/05/2022 08/05/22 For Sale $949,000 +40.6% $187 / Sq Ft
01/15/2021 01/15/21 Sold $675,000 -6.9% $133 / Sq Ft
11/13/2020 11/13/20 Pending -- -- --
10/27/2020 10/27/20 For Sale $725,000 +178.8% $143 / Sq Ft
05/16/2014 05/16/14 Sold $260,000 -31.6% $51 / Sq Ft
04/21/2014 04/21/14 Pending -- -- --
02/03/2014 02/03/14 For Sale $380,000 -- $75 / Sq Ft
Source: Greater Palm Springs Multiple Listing Service

Source: Greater Palm Springs Multiple Listing Service

MLS Number: 219131080

Greater Palm Springs Multiple Listing Service