61850 Chollita Rd, Joshua Tree, CA 92252
List Price: $2,050,000
On market
On marketJan 13, 202513,451 sqft0 beds1 baths
Listed by: Sabina Yi
License #: 01964836
Phone #: 323-638-7567
Keller Williams Beverly Hills
Source:
MLS #: 25480209
Property Description
SELLER WILL FINANCE. 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.
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$28,218
TurboHome Estimated Value
$1,965,600
$146 sqft
High Valuation
$2,063,880
$153/sqft
Normal Valuation
$1,965,600
$146/sqft
Low Valuation
$1,867,320
$139/sqft
3rd Party Estimates
| Source | $/sqft | Valuation |
|---|---|---|
| HouseCanary | $146/sqft | $1,965,600 |
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Location
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Nearby Listings
1 similar properties within 5 miles
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