7242 Olympic Rd Joshua Tree, CA 92252
Property details
About 7242 Olympic Rd
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%.
Highlights
Summary
- Garage Space: 8 spaces
- Private Pool: No
- List Price: $1,725,000
- Annual Tax Amount: $4,169
- Tax Year: 2024
- Directions: Please refer to maps.
- Year Built: 1991
- Stories: 2
- Lot Size: 0.903 Acres
- MLS Number: IV25019322
- MLS Name: CRMLS
- Office Name: LE INVESTMENT GROUP
- Office Phone: (909) 256-7889
- Listing Agent: ALBERT LE
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/6/2025, 7:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,725,000
7242 Olympic Rd
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $323,971 | $4,169 |
| 2023 | $317,618 | $4,169 |
| 2022 | $311,391 | $4,091 |
| 2021 | $305,285 | $4,049 |
| 2020 | $302,155 | $4,229 |
| 2019 | $296,230 | $4,028 |
| 2018 | $290,421 | $3,990 |
| 2017 | $284,727 | $3,927 |
History based on county public records data.
Nearby schools
6
Friendly Hills Elementary School
Public District KG-6
0.9 mi
•7252 Sunny Vista Rd
5
Onaga Elementary School
Public District KG-6
2.7 mi
•58001 Onaga Trl
4
Joshua Tree Elementary School
Public District KG-6
3.7 mi
•6051 Sunburst St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $51,622. The majority of Joshua Tree, CA residents have income between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
Pro Wrestling
NASCAR
Where do the neighbors shop?
Wal-Mart
Academy Sports & Outdoors
Dollar General
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
Ram
Dodge
Chevrolet
What do the neighbors listen to?
Classic Country- Country
New Country
Frequently asked questions
About 7242 Olympic Rd
The listing price of 7242 Olympic Rd property is $1,725,000.
The property 7242 Olympic Rd is a condo located in Joshua Tree, California, 92252.
Active Listing: 7242 Olympic Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7242 Olympic Rd are: Friendly Hills Elementary School (GreatSchools Rating 6/10), Onaga Elementary School (GreatSchools Rating 5/10), Joshua Tree Elementary School (GreatSchools Rating 4/10), La Contenta Middle School (GreatSchools Rating 3/10), Painted Hills Middle School (GreatSchools Rating 3/10), Desert Springs Middle School (GreatSchools Rating 2/10), Black Rock Alternative/Continuation (GreatSchools Rating 2/10), Yucca Valley High School (GreatSchools Rating 5/10), Desert Hot Springs High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $4,169 (source: MLS/based on county public records data).
The property at 7242 Olympic Rd has 0 bathroom.
The year of construction for 7242 Olympic Rd is 1991.
This home is located at 7242 Olympic Rd in Joshua Tree, CA and zip code 92252. Features: 0 bathroom. It has been listed on Rocket Homes since January 27, 2025 and is currently priced at $1,725,000.
In April 2025 more than 2 listings in Joshua Tree, CA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 6 were sold below. The number of homes for sale in Joshua Tree, CA increased by 7.3% between March and April 2025. In April 2025, listings were on the market for 51 days. During the same period, the median list price in this real estate market was $385,000.