Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    61850 Chollita Rd Joshua Tree, CA 92252

    View on Map
    Sponsored
    For Sale
    $1,649,000

    MULTI_FAMILY - Joshua Tree, CA

    Property size:
    13,451 SF
    Lot size:
    1.63 Acres
    Days on Market:
    10
    Last Refresh:
    Mar 15 at 6:06 am

    Property Features for 61850 Chollita Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Spa
    1
    Zoning
    JT/RM
    Rooms
    Bedroom 6, Bedroom 16, Bedroom 14, Bedroom 15, Bedroom 8, Bedroom 17, Bedroom 10, Bedroom 4, Bedroom 1, Bedroom 7, Bedroom 3, Bedroom 12, Bedroom 13, Bedroom 9, Bathroom 1, Bedroom 11, Bedroom 2, Bedroom 5
    Bedrooms
    17
    APN
    0603-222-25-0000
    Parking features
    Gated, Assigned, Guest
    Size
    13,451 SF
    Lot size
    1.63 Acres

    Utilities

    Sewer type
    Septic Tank

    Building Details

    Year built
    1964
    Floors in Building
    1
    Number of units
    5
    Flooring type
    Cement

    We can help!

    Listing Contact
    Shawn S. Kormondy
    Shawn S. Kormondy

    KELLER WILLIAMS BEVERLY HILLS REALTY (310) 432-6400

    Listing agent Shawn S. Kormondy (310) 432-6400 License #01451888

    Listing date Mar 5, 2026

    MLS# 25589287

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Joshua Tree Care Facility Opportunity

    This former senior retirement and care facility is situated on approximately 1.63 acres in Joshua Tree, CA. The property features a five-building, campus-style configuration, including 45 rooms, a dedicated wellness area, and a community gathering room. The layout is designed for residential care operations. Originally developed for senior housing, the existing improvements create a practical repositioning opportunity for assisted living, rehabilitation, transitional housing, or other care-oriented residential uses, subject to licensing and approvals. The 13,451 square foot site benefits from established infrastructure, existing structures, and a configuration that supports operational scalability. Significant upside potential exists for qualified buyers pursuing adaptive reuse, care facility operations, or strategic long-term hold.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Aging & Adult Protective Services

    Location Insight

    • Map
    • Local Demand
    City
    Joshua Tree
    County
    San Bernardino
    State
    California
    Longitude
    -116.314102
    Latitude
    34.13773

    Nearby Similar for Sale

    • $449,000
      432 SF

      Joshua Tree Dual Income Opportunity

      Two Airbnb incomes on 1.2 acres near Joshua Tree National Park.
      62177 Jericho Way, Joshua Tree, CA 92252
      View Details
    • $530,000

      Joshua Tree Commercial Property For Sale

      Office and warehouse buildings on a fenced, paved lot.
      61046 29 Palms Hwy, Joshua Tree, CA 92252
      View Details
    • $250,000

      Joshua Tree Church with Versatile Space

      3,456 SF church on 18,040 SF lot in Joshua Tree.
      6213 Parkway East, Joshua Tree, CA 92252
      View Details
    • Contact for pricing

      Joshua Tree Office/Warehouse Opportunity

      Office building with warehouse on a high-traffic highway.
      61046 29 Palms Hwy, Joshua Tree, CA 92252
      View Details
    • $875,000
      7,000 SF

      Medical Building Near Hi-Desert Center

      Five-unit medical building near Hi-Desert Medical Center in Joshua Tree.
      63532 29 Palms Hwy, Joshua Tree, CA 92252
      View Details
    • $80,000

      Joshua Tree Manufactured Home

      Move-in ready home near Joshua Tree National Park.
      62475 29 Palms Hwy, Joshua Tree, CA 92252
      View Details
    • $695,000

      Desert Land For Sale

      Joshua Tree land available for purchase.
      62147 Desert Air Rd, Joshua Tree, CA 92252
      View Details
    • $45,000

      Remodeled Single Wide Mobile Home

      55+ community, 1 bed, 1 bath, remodeled mobile home.
      6426 Valley View St, Joshua Tree, CA 92252
      View Details
    • Contact for pricing

      63532 29 Palms Hwy, Joshua Tree, CA 92252

      Medical Office Space
      63532 29 Palms Hwy, Joshua Tree, CA 92252
      View Details
    • $675,000
      2.34 Acres

      Joshua Tree Self Storage Development

      High-Demand CA Self Storage Opportunity
      62735 29 Palms Hwy, Joshua Tree, CA 92252
      View Details

    FAQs

    What type of property is this?
    Senior housing / Retirement Home - Value-add care facility on 1.63 acres in Joshua Tree.
    Where is this senior housing / retirement home located?
    The property is located at 61850 Chollita Rd Joshua Tree, CA.
    What is the asking price?
    The asking price for this property is $1,649,000.
    What are key features of this property?
    This property features: - Value-add opportunity: Foreclosure property with significant upside potential.; - Existing infrastructure: Benefits from established infrastructure and existing structures.; - Campus-style configuration: Features a five-building layout on approximately 1.63 acres.
    (310) 432-6400
    Request Owner's contact information
    61850 Chollita Rd Joshua Tree, CA 92252
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    61850 Chollita Rd
    Joshua Tree, CA 92252
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    61850 Chollita Rd Joshua Tree, CA 92252
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Shawn S. Kormondy
    Shawn S. Kormondy
    Real Estate License ID: 01451888
    (310) 432-6400 (323) 638-7567
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!