7382 Olympic Road, Joshua Tree, California 92252, Joshua Tree, - bed, bath

home-pic
ACTIVE$1,100,000
7382 Olympic Road, Joshua Tree, California 92252
12Beds
6Baths
5,076Sqft
31,351Lot
Year Built
1984
Close
-
List price
$1.1M
Original List price
$1.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
219131081PS
Home ConditionGood
Features
Excellent View: City Lights, Desert, Hills, Mountain(s), Panoramic, Valley
Patio
ViewCity Lights,Desert,Hills,Mountain(s),Panoramic,Valley

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.

Nearby schools

5/10
Friendly Hills Elementary School
Public,K-61.4mi
3/10
La Contenta Middle School
Public,7-81.1mi
4/10
Yucca Valley High School
Public,9-124.1mi

Price History

Date
Event
Price
08/20/25
Price Change
$1,100,000
06/04/25
Listing
$1,200,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (114 Listings)
Beds123
97%
Baths62
99%
Square foot5,0761,200
99%
Lot Size31,35129,010
50%
Price$1.1M$375K
97%
Price per square foot$217$310
18%
Built year19841980
55%
HOA
Days on market154200
27%
Condition Rating
Good

The property, built in 1984, has undergone significant recent updates. Two of the six units have been 'recently renovated top to bottom,' featuring modern kitchens with white shaker cabinets, stainless steel appliances, subway tile backsplashes, and contemporary light fixtures. Bathrooms are also updated with modern vanities, black fixtures, and shiplap accents. The flooring throughout the renovated units is a light, modern LVP or tile, and light fixtures are updated. The exterior and landscaping have also been recently updated. While not all six units are explicitly stated as 'top to bottom' renovated (two are 'painted & updated'), the overall property presents as move-in ready with modern finishes and well-maintained systems, fitting the 'Good' condition criteria, leaning towards excellent for the renovated units.
Pros & Cons

Pros

Strong Investment Opportunity: The property is a 6-Plex explicitly marketed as a 'wonderful value & investment opportunity' in Joshua Tree's 'booming rental market & growing demand' for both long-term and medium-term rentals.
Recent Renovations & Updates: Two units are fully renovated, two more are updated, and the exterior and landscaping have been recently refreshed, reducing immediate capital expenditure for a new owner.
Comprehensive Tenant Amenities: Each unit is well-equipped with AC, gas wall heaters, fully appointed kitchens, dedicated parking, and private patios. Shared amenities include a courtyard and a laundry room with two sets of washers/dryers.
Efficient Investment Structure: The property is separately metered for electricity and gas, allowing tenants to pay their own utilities, which significantly reduces landlord operating costs and enhances investment efficiency.
Desirable Location & Views: Situated on a hillside, the building offers 'sweeping panoramic views' and is strategically located near Copper Mountain College, Hi-Desert Medical Center, the courthouse, and 29 Palms Marine Base, attracting a diverse tenant base.

Cons

Age of Property: Built in 1984, the property is 40 years old. While some updates are noted, core infrastructure (e.g., roof, main plumbing, electrical systems) may be original or nearing end-of-life, potentially requiring future significant capital expenditures.
Limited Unit Diversity: All six units are uniform (2-bedroom, 1-bath, ~900 sq. ft.), which might limit the property's appeal to a broader range of tenant demographics or restrict rental income optimization compared to a diversified unit mix.
Lack of Financial Performance Details: The listing emphasizes investment potential but does not provide specific financial data such as current rental income, occupancy rates, or operating expenses, requiring extensive due diligence from prospective buyers.

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