$949,000
SOLD SEP 20, 2022

7382 Olympic Rd Joshua Tree, CA 92252

2 Beds
1 Bath
5,076 Sq Ft
0.72 Acres

Recently Sold

$187 Per Sq Ft

3 Days on Market

Highlights

  • Near a National Forest
  • Evaporated cooling system
  • Wall Furnace
  • Hiking Trails
  • Laundry Room
  • 1-Story Property

About This Home

As of September 2022

INVESTORS DREAM! 6 unit multifamily apartment complex in UPPER FRIENDLY HILLS! Perfect location and priced right. Gorgeous backdrop of the Joshua Tree National Park and surrounding bouldery mountains. EXCELLENT location only a 5 minute dive to the Joshua Tree National Park. Each unit is 2 bedroom one bath a little under 900 sqft each. Cute Quiet neighborhood. Pictures do no justice! Come view today!

Last Agent to Sell the Property

Russel Waldron

Joshua Tree Realty License #02065694

Last Buyer's Agent

Martin Fish

Citivest Realty Services, Inc License #01988997

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.72 Acre Lot
  • 1 Common Wall
  • Desert faces the back of the property

Home Design

  • Property Attached

Interior Spaces

  • 5,076 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • Conventional Septic

Listing and Financial Details

  • Tax Lot 82
  • Tax Tract Number 5656
  • Assessor Parcel Number 0588143060000
  • $652 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 6 Units
  • Near a National Forest

Amenities

  • Laundry Facilities

Recreation

  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,300
  • Professional Management Expense $2,870
  • Trash Expense $162
  • Water Sewer Expense $184
  • Operating Expense $11,108
  • Gross Income $37,708
  • Net Operating Income $26,601

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Price Per Unit: 158167
  • Professional Management Expense: 2870.00
  • Property Attached: Yes
  • Water Sewer Expenses: 184.00
  • Zoning: JT/RM
  • Property Type: Residential Income
  • Parcel Number: 0588143060000
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 186.96

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Conventional Septic
  • Trash Expense: 162.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Blm/National Forest, Hiking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Desert Back
  • Lot Size Sq Ft: 31351.00
  • Lot Size Acres: 0.7197
  • Latitude Manual: 34.11888300

Multi Family

  • Gross Income: 37708.00
  • Gross Scheduled Income: 37708.00
  • Insurance Expense: 3300.00
  • Lot Size Area: 31351.0000 Square Feet
  • Net Operating Income: 26601.00
  • 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: 11108.00
  • Rent Control: Yes
  • Total Expenses: 11108.00

Tax Info

  • Tax Census Tract: 104.19
  • Tax Lot: 82
  • Tax Tract Number: 5656
  • TaxOtherAnnualAssessmentAmount: 652.00

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
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: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: JT22173238

California Regional Multiple Listing Service (CRMLS)