FIRST TIME EVER ON THE MARKET! The Olympic Village Apartments consist of a two-property portfolio with a total of eight (8) units, located side by side at 7242-7264 Olympic Road, Joshua Tree, CA 92252. These properties are being offered together for $1,725,000 or individually at $862,500 each. Each unit features a two-bedroom, one-bathroom layout. Built in 1991, the properties sit on a combined 0.903 acres of land and demonstrate a clear pride of ownership, with well-maintained grounds and units. The Pro Forma CAP Rate is 6.97%, with a Pro Forma GRM of 10.27, while the current CAP Rate stands at 5.02%.
Sold for $735,000 on 08/05/25
$735,000
7242 Olympic Rd, Joshua Tree, CA 92252
--beds
--baths
7,600sqft
Multi Family
Built in 1991
-- sqft lot
$730,500 Zestimate®
$97/sqft
$1,822 Estimated rent
Home value
$730,500
$657,000 - $811,000
$1,822/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 28, 2025 at 03:58pm
Source: CRMLS,MLS#: IV25019322
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 7,600
- Total interior livable area: 7,600 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage
- Garage spaces: 8
Features
- Levels: Two
- Stories: 2
- Entry location: Floor
- Pool features: None
Lot
- Size: 0.90 Acres
- Features: 2-5 Units/Acre
Details
- Additional parcels included: 060144114
- Parcel number: 0601441130000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1991
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Joshua Tree
Other
Other facts
- Listing terms: Submit
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2025 | Sold | $735,000$97/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,433 +4.4% | $330,450 +2% |
| 2024 | $4,245 +1.8% | $323,971 +2% |
| 2023 | $4,170 +1.9% | $317,618 +2% |
Find assessor info on the county website
Neighborhood: 92252
Nearby schools
GreatSchools rating
- 8/10Friendly Hills Elementary SchoolGrades: K-6Distance: 0.9 mi
- 5/10La Contenta Middle SchoolGrades: 7-8Distance: 1.1 mi
- 4/10Yucca Valley High SchoolGrades: 9-12Distance: 4.2 mi
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$730,500
2% more+ $14,610
With Zillow Showcase(estimated)
$745,110