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6411 Park Blvd, Joshua Tree, CA 92252

Sale Price: $475,000
Jun 6, 20247,046 sqft0 beds0 baths
Listed by: Bryan Wynwood
License #: 01448338
Phone #: 760-808-4806
Joshua Tree Modern
Source:
CRMLS Logo
MLS #: JT24096747

Property Description

STORAGE UNITS - 22 STORAGE UNITS TOTAL: Located in the heart of downtown Joshua Tree. Property is zoned for storage and units are permitted as storage units (buyer to investigate and confirm). Purchase includes a third vacant lot, for a total of three parcels on prestigious Park Blvd, which leads to the National Park. Purchase includes two buildings with 11 units in each building – 6 units are approximately 42’ deep by 9’ wide, and the other 5 units are approximately 20’ deep by 10’ wide. Second building has same configuration for a Total of 22-Storgage Units. Property has deferred maintenance and needs updating. For example, new security doors for each unit and interior drywall would vastly improve condition. Regardless of ROI, it would be difficult to impossible to find land zoned for storage units in popular Joshua Tree and then build 22-units of this size for the price this property is being sold for. To upgrade property and add more storage units without constructing more buildings, Buyer could possibly split the six approximately 42’ deep by 9’ wide units located in the building to the north by adding doors on the northside of the north building, opening onto the additional third vacant lot, to create twelve approximately 21’ deep by 9’ wide units (in place of the existing 42’ deep by 9’ wide units), thereby adding another 6-units for a total of 28-units. There is an electric meter behind the southern building. Note: Green lines demarcating boundaries in pictures are approximate. Buyer to complete their own Due Diligence regarding condition of buildings, permits and permits needed to create additional units. CASH ONLY. NO SELLER CARRY. NO CREATIVE FINANCING. CASH ONLY.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

β€œI 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

TurboHome Savings

$6,066

TurboHome Estimated Value

$489,700

$70 sqft

High Valuation
$514,185
$73/sqft
Normal Valuation
$489,700
$70/sqft
Low Valuation
$465,215
$66/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$70/sqft$489,700

Neighborhood

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Comparative Value

$475K

$575K

6411 Park Blvd, Joshua Tree, CA 92252

Sale Price: $475,000

Selected Comparable

6411 Park Blvd, Joshua Tree, CA 92252

List Price: $575,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
6411 Park Blvd, Joshua Tree, CA 92252

6411 Park Blvd, Joshua Tree, CA 92252

List: $575,000

Listed: 6/6/2024

Area:7,046 sqft
Price/sqft:$82
Beds:β€”
Baths:β€”
Year Built:β€”
Lot Size:22,686

Comparable Properties

COMPARABLE
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6411 Park Blvd, Joshua Tree, CA 92252

6411 Park Blvd, Joshua Tree, CA 92252

Sale: $475,000

8/21/2024 β€’ 0.00 mi

Area:7,046 sqft
Price/sqft:$67
Beds:β€”
Baths:β€”
Year Built:β€”
Weight:100.0%

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