5-Unit Apartment
For Sale
$1,200,000
61501 Division, Joshua Tree, CA 92252
Each unit includes a private garage with laundry hookups and access to a fully fenced yard.
Property Size5,140 SF
Days on Market102
Property Features for 61501 Division
General Information
Standard status
Active
Size
5,140 SF
Total Parking Spaces
10
Property subtype
Residential Income
Additional Details
Multifamily Units
5
Amenities
laundry hookups
fenced yard
Central
Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater
Ceiling Fan(s), Granite Counters, Master Downstairs
Mountain(s)
Chain Link
Boat, Driveway, Garage, Paved, Community Structure
Custom
Building Details
Building Size
5,140 SF
Year Built
2006
Buildings
5
Stories
1
Listing Agency:
RE/MAX Big Bear
Listed By:
Rachael Smith · License #01923537
(909) 744-2190
Source:
Evrealestate
Added: Jul 23
Changed: Oct 25
Last Checked: Oct 30 at 2:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Big Bear
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Investment Insights
Based on property information with market context.
Well-maintained 5-unit apartment building designed for tenant convenience and low-maintenance living. Each clean, spacious unit features its own private garage with laundry hookups, along with a fully fenced yard for added privacy.
The property is located just minutes from downtown Joshua Tree and within close proximity to shopping, dining, and Joshua Tree National Park.
This configuration supports straightforward tenant day-to-day use with dedicated garage space and in-unit laundry hookups, while the fully fenced yard helps define outdoor space for residents across the property.
The property is located just minutes from downtown Joshua Tree and within close proximity to shopping, dining, and Joshua Tree National Park.
This configuration supports straightforward tenant day-to-day use with dedicated garage space and in-unit laundry hookups, while the fully fenced yard helps define outdoor space for residents across the property.
Key Highlights
- 5‑unit apartment building
- Private garage with laundry hookups for each unit
- Fully fenced yard for added tenant privacy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,504
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,080
$910.1K
Cap Rate 7%
$650,057
$650.1K
Cap Rate 9%
$505,600
$505.6K
Market Conditions
NOI Build-Up for 5,140 SF
Gross rent
$88.2K $17.16/SF
− Vacancy
−$5.5K −$1.06/SF
EGI
$82.7K $16.10/SF
− OpEx
−$37.2K −$7.24/SF
NOI
$45.5K $8.85/SF
Area
San Bernardino County, CA
Vacancy
6.20%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,080
Cap Rate 7%
$650,057
Cap Rate 9%
$505,600
Alternative Uses
Best Use
Apartment 5plus
$650.1K
$568.8K – $758.4K
NOI $45,504 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$948.7K – $1.26M
NOI $75,895 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
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Business Placement
Demographics for 92252, CA
8,463
Population
5,201
Households
1.6
Avg Household Size
47
Median Age
25%
College-Educated
90%
High-School Grad
112.3 sq mi
ZIP Area
75
Density / Sq Mi
$62,821
Median Household Income
$40,402
Median Earnings
$1,172
Median Rent
$290,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Each unit includes a private garage with laundry hookups and access to a fully fenced yard.
Where is this apartment building located?
The property is located at 61501 Division Joshua Tree, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5‑unit apartment building; Private garage with laundry hookups for each unit; Fully fenced yard for added tenant privacy
