62044 Chollita Road

Joshua Tree, CA 92252

PRICE REDUCED

arrow_downward
-$400,000 (-16.00%)

$2,100,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1960

calendar_month Built

Property Description

Incredible investment opportunity to acquire a turn-key, fully furnished 9-unit multifamily complex with SHORT-TERM RENTAL potential, ideally suited for a 1031 exchange. Ideally located on a 1.33 acre lot in the vibrant heart of downtown Joshua Tree, this meticulously maintained property features recently renovated interiors. It is just a few minutes from local retail and close to the Joshua Tree National Park Visitor Center and weekly farmers market. The complex offers ample space for potential future development on its excess land (buyer to verify with appropriate authorities). On-site amenities include an office with an attached staging room for cleaners, laundry facilities, a storage shed, EV charging, and parking spots. Several units have private patios, large enough for jacuzzi installations, and all units feature living rooms and full kitchens, making them ideal for both long-term and short-term rentals. The property consists of nine units: six 1-bedroom/1-bathroom units, one 2-bedroom/1-bathroom unit, and two 3-bedroom/2-bathroom units. It currently holds a motel license and health permit, allowing for short-term rentals.

Listing Information

List Price $2,100,000
Status Active
MLS 219117081DA
HOA $0
Type Residential Income
Year Built 1960
Lot Size 57,934
Structure Size N/A
DOM 47
Courtesy Of Equity Union
Listing Agent Serena Leiterman DRE#01965152

Interior Features

Total Bedroom
Bedrooms N/A
Flooring Information
Material Concrete
Fireplace Information
Features Living Room, Wood Burning

Exterior Information

Maps

Listing information courtesy of: Serena Leiterman, Equity Union (951) 623-9442. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 7th, 2024 at 3:11 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.