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

home-pic
ACTIVE$1,049,000
7382 Olympic Road, Joshua Tree, California 92252
12Beds
6Baths
5,076Sqft
31,351Lot
Year Built
1984
Close
-
List price
$1.05M
Original List price
$1.1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
219137126PS
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
11/05/25
Price Change
$1,049,000-3.8%
10/26/25
Price Change
$1,090,000-0.9%
10/17/25
Listing
$1,100,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (114 Listings)
Beds123
97%
Baths62
99%
Square foot5,0761,200
99%
Lot Size31,35129,010
50%
Price$1.05M$375K
97%
Price per square foot$207$310
17%
Built year19841980
55%
HOA
Days on market19200
1%
Condition Rating
Good

Built in 1984, this 6-plex has undergone significant recent updates. Two units have been 'recently renovated top to bottom,' featuring modern kitchens with white shaker cabinets, stainless steel appliances, subway tile backsplash, and contemporary hardware, along with updated bathrooms including modern vanities and black fixtures. Light-colored flooring and modern light fixtures are visible in the renovated units. Two additional units were 'recently painted & updated,' and the exterior and landscaping have also been refreshed. While the fully renovated units present an excellent condition, the property's overall age and the varying levels of renovation across all units (not all 'top to bottom') suggest that some core infrastructure may still be older, aligning the overall condition with 'Good' rather than 'Excellent'.
Pros & Cons

Pros

Strong Investment Opportunity: This 6-Plex is explicitly marketed as a 'solid investment for both long-term & medium-term rentals' in Joshua Tree's 'booming rental market & growing demand', offering significant income potential.
Recent Updates & Renovations: Two units are 'recently renovated top to bottom', two more 'recently painted & updated', and the exterior and landscaping have also been updated, reducing immediate capital expenditure for a new owner.
Tenant-Friendly Amenities: Each unit includes AC, gas wall heaters, fully appointed kitchens, dedicated parking, and private patios. A shared courtyard and on-site laundry facilities (two sets of washers/dryers) enhance tenant convenience and appeal.
Efficient Management & Utilities: The property is separately metered for electricity and gas, allowing tenants to pay their own utilities, which simplifies management and makes it a more efficient investment for the landlord.
Desirable Location & Views: Situated on a hillside, the property boasts 'sweeping panoramic views' and is strategically located near Copper Mountain College, Hi-Desert Medical Center, the courthouse, and the 29 Palms Marine Base, attracting a diverse tenant base.

Cons

Age of Property: Built in 1984, the property's core infrastructure (e.g., roof, plumbing, electrical systems) may be nearing the end of its lifespan, potentially requiring significant capital expenditures in the future despite recent cosmetic updates to some units.
Moderate School Ratings: The local middle and high school ratings (3/10 and 4/10 respectively) are below average, which could limit appeal to certain tenant demographics, particularly families with school-aged children.
Recent Price Reductions: The property has undergone multiple price reductions since its initial listing, which may indicate an overestimation of market value or a slower-than-expected market response, potentially signaling a need for further negotiation or a longer marketing period.

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