15
Map
$50,000
●
Land -
For Sale
7442 Olympic Road
Joshua Tree, CA 92252
Studio
0 Bath
$246
Est. Monthly
About This Property
Discover the essence of desert living on this sprawling 31,341 sq
ft multi-family lot in the heart of Upper Friendly Hills, Joshua
Tree. Embrace a lifestyle surrounded by the serene beauty of
nature, where the stars paint the night sky.
Build your dream oasis and become part of a vibrant community that celebrates local culture and events. From art festivals to stargazing gatherings, Upper Friendly Hills offers a unique blend of tranquility and community spirit. Experience the magic of Joshua Tree National Park just moments away, where rugged landscapes and iconic rock formations await your exploration.
Indulge in the local charm, with eclectic shops, galleries, and cafes dotting the area. Your new home is not just a dwelling but a gateway to the cultural tapestry that defines Joshua Tree. Seize the opportunity to create your haven amidst this desert haven.
Build your dream oasis and become part of a vibrant community that celebrates local culture and events. From art festivals to stargazing gatherings, Upper Friendly Hills offers a unique blend of tranquility and community spirit. Experience the magic of Joshua Tree National Park just moments away, where rugged landscapes and iconic rock formations await your exploration.
Indulge in the local charm, with eclectic shops, galleries, and cafes dotting the area. Your new home is not just a dwelling but a gateway to the cultural tapestry that defines Joshua Tree. Seize the opportunity to create your haven amidst this desert haven.
Unit Size
-
Days on Market
26 days
Land Size
0.72 acres
Price per sqft
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Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
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Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
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%.
How much can I actually make?
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.
How is cap rate calculated?
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.
Last updated: 26 days ago (CRMLS #JT26209195)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2026 | Listed by Cherie Miller & Associates | $50,000 | |
| Listed by Cherie Miller & Associates | |||
| Jan 25, 2024 | No longer available | - | |
| No longer available | |||
| Jan 16, 2024 | In contract | - | |
| In contract | |||
| Dec 14, 2023 | Listed by Madelaine LaVoie | $45,000 | |
| Listed by Madelaine LaVoie | |||
| | |||
|
Discover the essence of desert living on this sprawling 31,341 sq ft multi-family lot in the heart of Upper Friendly Hills, Joshua Tree. Embrace a lifestyle surrounded by the serene beauty of nature, where the stars paint the night sky.
Build your dream oasis and become part of a vibrant community that celebrates local culture and events. From art festivals to stargazing gatherings, Upper Friendly Hills offers a unique blend of tranquility and community spirit. Experience the magic of Joshua Tree National Park just moments away, where rugged landscapes and iconic rock formations await your exploration.
Indulge in the local charm, with eclectic shops, galleries, and cafes dotting the area. Your new home is not just a dwelling but a gateway to the cultural tapestry that defines Joshua Tree. Seize the opportunity to create your haven amidst this desert haven.
| |||
Property Highlights
Exterior Details
Lot Size Area: 31341
Lot Size Units: Square Feet
Lot Size Acres: 0.7195
Lot Size Square Feet: 31341
Tax Lot: 86
Water Source: None
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Joshua Tree
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Madelaine LaVoie, Cherie Miller & Associates
Last Updated: 26 days ago
Data Source: CRMLS, MLS# JT26209195
Last Updated: 26 days ago
Data Source: CRMLS, MLS# JT26209195
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