$260,000
SOLD MAY 16, 2014

7382 Olympic Rd Joshua Tree, CA 92252

2 Beds
1 Bath
5,076 Sq Ft
0.72 Acres

Recently Sold

$51 Per Sq Ft

32% Below List Price

77 Days on Market

About This Home

As of September 2022

TIME IS RUNNING OUT!!!!!!!!! FINAL REDUCTION
This is it, an awesome opportunity to invest in a 6 Unit Complex in the Friendly Hills Community of Joshua Tree. Each unit is approximately 846 square ft. 2 bedrooms 1 bath home, Living room, dining room and kitchen, small fenced patio/yard area in back. Ceiling fans in the bedrooms. Low maintenance tile floors in some units. Attractive courtyard as you walk into the complex, tenants take pride in their complex and it is 100% occupied.

Last Agent to Sell the Property

Roberta 'Bobbie' Johnson

Elevate Real Estate Agency License #01402184 Listed on: 04/28/2014

Elevate Real Estate Agency

Last Buyer's Agent

Roberta 'Bobbie' Johnson

Elevate Real Estate Agency License #01402184 Listed on: 04/28/2014

Elevate Real Estate Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,009

Year Built

  • Built in 1979

Lot Details

  • 0.72 Acre Lot
  • 1 Common Wall

Home Design

  • 5,076 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • Parking Available
  • Unassigned Parking

Utilities

  • Conventional Septic

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 82
  • Tax Tract Number 5656
  • Assessor Parcel Number 0588143060000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units
  • Property is near a preserve or public land

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,393
  • Maintenance Expense $500
  • Professional Management Expense $3,422
  • Trash Expense $2,223
  • Water Sewer Expense $2,071
  • New Taxes Expense $4,940
  • Gross Income $3,565
  • Net Operating Income $27,231

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,009

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 63333
  • Professional Management Expense: 3422.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2071.00
  • Property Type: Residential Income
  • Parcel Number: 0588143060000
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 51.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned

Utilities

  • Sewer: Conventional Septic
  • Trash Expense: 2223.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Preserve/Public Land

Lot Info

  • Additional Parcels: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 31351.00
  • Lot Size Acres: 0.7200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 846
  • Gross Income: 3565.00
  • Gross Scheduled Income: 42780.00
  • Insurance Expense: 2393.00
  • Lot Size Area: 31351.0000 Square Feet
  • Maintenance Expense: 500.00
  • Net Operating Income: 27231.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 15549.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4940.00
  • Tax Lot: 82
  • Tax Tract Number: 5656
  • Tax Annual Amount: 4009.00
  • Tax Year: 2012

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
06/13/2025 06/13/25 Price Changed $1,100,000 -8.3% $217 / Sq Ft
06/04/2025 06/04/25 For Sale $1,200,000 +26.4% $236 / 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: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG14023320

California Regional Multiple Listing Service (CRMLS)