61537 La Jolla Drive
About This Property
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 23, 2026 | Sold | ||
| Sold | |||
| Feb 21, 2026 | In contract | - | |
| In contract | |||
| Feb 11, 2026 | Price Decreased |
$375,000
↓ $24K
(6%) | |
| Price Decreased | |||
| Jan 23, 2026 | Listed by Coldwell Banker Roadrunner Realty | $399,000 | |
| Listed by Coldwell Banker Roadrunner Realty | |||
| | |||
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Located in the heart of Joshua Tree Village, this beautifully updated midcentury modern home offers a seamless blend of iconic design and modern comfort, just minutes from Joshua Tree National Park, local galleries, shops, dining, and the vibrant Village scene. The main residence is a 2 bedroom, 1 bathroom home, with a detached bonus room currently utilized as a third bedroom and laundry space, offering flexible use as a guest suite, creative studio, or home office.
The interior features a bright and inviting living room highlighted by a striking floor-to-ceiling stone-faced fireplace, enhanced by newer windows, recessed lighting, and clean concrete flooring throughout. Mini-split systems provide efficient heating and cooling year-round. The sleek, modern kitchen showcases white cabinetry, open upper shelving, and an open flow into the dining area, creating an ideal layout for everyday living and entertaining.
Both bedrooms include recessed lighting and concrete floors and share a well-appointed bathroom with a walk-in glass-enclosed shower and single-sink vanity.
Outdoor living is thoughtfully designed for enjoyment and functionality, featuring a covered patio with dedicated dining area, paver stone patio for seating, a cowboy pool with surrounding wood decking, and a putting green, all within a fully fenced backyard offering privacy and ease of maintenance. A carport provides convenient covered parking.
With its prime Village location near hiking trails, art installations, music venues, and desert amenities, this property is well-suited as a full-time residence, weekend retreat, or potential short-term rental opportunity. A distinctive Joshua Tree offering that captures the essence of high-desert living with style and versatility.
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| May 4, 2022 | No longer available | - | |
| No longer available | |||
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About Joshua Tree
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017