61850 Chollita Road

Joshua Tree, CA 92252

PRICE REDUCED

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-$200,000 (-8.89%)

$2,050,000

List Price

17

bed Beds

shower Baths

13,451 sqft

straighten / sqft

1964

calendar_month Built

Property Description

Prime investment opportunity in the heart of Joshua Tree! This unique property features FIVE freestanding buildings with a total of 24,000sf of livable space, set on a sprawling 1.63 acre lot. Originally built in 1988 as a retirement home, the property is zoned JT/RM, making it perfect for repositioning into a 32-unit multifamily apartment building with a pool. All structures are intact, offering an efficient and cost-effective development process without the need for ground-up construction. Pre-planning comments for 32-unit development are already in hand, streamlining the path to realization. Whether you are looking to create a rehab facility, retreat center, or a lucrative apartment complex, this property offers endless possibilities. Centrally located in Joshua Tree, just one block away from all the shops and restaurants and a five minute drive to the National Park.

Listing Information

List Price $2,050,000
Status Active
MLS 24345117
Type Residential Income
Year Built 1964
Lot Size 71,002
Structure Size 13,451
DOM 215
Courtesy Of Keller Williams Beverly Hills
Listing Agent Shawn S. Kormondy DRE#01451888

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms 17
Fireplace Information
Features None
Cooling Type
Cooling Type None

Exterior Information

Other Structures
Features None
View Yes

Maps

Listing information courtesy of: Shawn S. Kormondy, Keller Williams Beverly Hills . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 13th, 2024 at 7:28 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.