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    Joshua Tree Dual Income Opportunity Title is generated by Realmo AI

    62177 Jericho Way, Joshua Tree, CA 92252

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    For Sale
    $449,000

    MULTI_FAMILY - Joshua Tree, CA

    Property size:
    432 SF
    Lot size:
    1.25 Acres
    Price / SF:
    $1,039/SF
    Added:
    Jun 16, 2025
    Days on Market:
    333
    Last Refresh:
    May 14 at 6:06 am

    Property Features for 62177 Jericho Way

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    JT/RL
    Bedrooms
    1
    Bathrooms
    1
    Rooms
    Bedroom 1, Bathroom 1
    Parking features
    Driveway
    Standard status
    Active
    APN
    0600-251-20-0000
    Size
    432 SF
    Lot size
    1.25 Acres

    Utilities

    Heating system
    Space Heater
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1957
    Floors in Building
    1

    We can help!

    Listing Contact
    Hannah Pilkington
    Hannah Pilkington

    Listing agent Hannah Pilkington License #02066257

    Listing office Compass 2113-2115 Main St., Los Angeles, CA

    Listing date Jun 16, 2025

    MLS# 25553255 Listing URL

    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.

    HighLights

    • Dual Airbnb Income Opportunity: Top‑rated, fully furnished main house and Airstream.
    • Prime Location: Just 5 minutes from downtown Joshua Tree and the National Park entrance.
    • Resort‑Style Backyard: Features a pool, infinity deck, hot tub, firepit, BBQ grill, and outdoor shower.
    • Remodeled Main House: Renovated in 2021 with a modern kitchen, stylish living area, spa‑like bathroom, and solar power.
    • Restored Vintage Airstream: Includes a king bed, two A/C units, kitchen appliances, private lounge space with hot tub and bathroom.
    • Untouched Desert Land: 1.2 acres with potential to build more rental units.

    Overview

    This property, situated on 1.2 acres, features a remodeled main house and a restored vintage Airstream, both operating as top-rated Airbnb rentals. The dwellings are 75 feet apart, separated by metal fencing, and each has a private driveway and entrance. Both are being sold fully furnished. The main residence, remodeled in 2021, includes a modern kitchen, living area, spa-like bathroom, contemporary fixtures, and solar power. The backyard features a pool, infinity deck, hot tub, firepit, BBQ grill, hammock, sun loungers, dining area, and outdoor shower. The Airstream includes a king-sized bed, two A/C units, WiFi, TV, induction cooktop, fridge, microwave, sink, and coffee maker. Its outdoor space has a turf-covered lounge, hot tub, cowboy pool, outdoor shower, dining area, BBQ, loungers, and a private bathroom. Located five minutes from downtown Joshua Tree and Joshua Tree National Park, this property offers an investment opportunity and a chance to live the desert lifestyle. The property is 432 square feet and is located in Joshua Tree, CA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Real Estate Agency Hotel & Motel Garden Center Bed & Breakfast Carpet & Flooring Store Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Joshua Tree
    County
    San Bernardino
    State
    California
    Longitude
    -116.306883
    Latitude
    34.155191

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    FAQs

    What type of property is this?
    Short term rental property - Two Airbnb incomes on 1.2 acres near Joshua Tree National Park.
    Where is this short term rental property located?
    The property is located at 62177 Jericho Way Joshua Tree, CA.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Dual Airbnb Income Opportunity: Top‑rated, fully furnished main house and Airstream.; Prime Location: Just 5 minutes from downtown Joshua Tree and the National Park entrance.; Resort‑Style Backyard: Features a pool, infinity deck, hot tub, firepit, BBQ grill, and outdoor shower.
    (704) 467-1793
    We can help!
    Listing Contact
    Hannah Pilkington
    Hannah Pilkington
    Real Estate License ID: 02066257
    Learn More
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    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.

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