Tenant-Occupied
New
For Sale
$365,000
6418 Center Street, Joshua Tree, CA 92252
Joshua Tree, CA
Property Size1,560 SF
Lot Size0.17 Acres
Price / SF$233.97
Days on Market2
Property Features for 6418 Center Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Laundry Room, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4
Parking
2
Parking features
Garage
Fencing
Chain Link
Lot features
Lot 6500-9999, Desert Back, Desert Front
Directions
Hwy 62 East to Left on Center St. Property on left.
Subdivision
DC625 - North Central
Standard status
Active
APN
0603224040000
Lot size
0.17 Acres
Utilities
Heating system
Wall Furnace
Cooling system
Evaporative Cooling
Water source
Public
Amenities
fenced outdoor areas
Building Details
Year built
1985
Floors in Building
1
Number of units
2
Roof type
Composition, Shingle
Listing Agency:
Cherie Miller & Associates
(760) 369-1800
Listed By:
Madelaine LaVoie · License #01005011
(760) 401-3374
Added: Sep 2
Last Checked: Sep 3 at 9:06AM
MLS# JT26192320
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-story duplex contains two 2-bedroom, 1-bath residences with approximately 1,560 square feet of combined living space. Each unit measures approximately 780 square feet and includes an attached garage, separate electric and gas meters, and a private fenced outdoor area. The property was built in 1985 and has wall-furnace heating, evaporative cooling, composition and shingle roofing, chain-link fencing, and public water service.
Both residences are currently tenant occupied. The property sits on a 7,562 square foot lot near Highway 62, with access to local shopping, dining, services, and Joshua Tree attractions. Desert and mountain views are also present from the property.
Both residences are currently tenant occupied. The property sits on a 7,562 square foot lot near Highway 62, with access to local shopping, dining, services, and Joshua Tree attractions. Desert and mountain views are also present from the property.
Key Highlights
- Two 2‑bedroom, 1‑bath units with approximately 1,560 square feet of total living space
- Each unit has approximately 780 square feet and its own attached garage
- Both units are currently tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,909
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$318,180
$318.2K
Cap Rate 7%
$227,271
$227.3K
Cap Rate 9%
$176,767
$176.8K
Market Conditions
NOI Build-Up for 1,560 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.1K $15.48/SF
− Vacancy
−$1.4K −$0.91/SF
EGI
$22.7K $14.57/SF
− OpEx
−$6.8K −$4.37/SF
NOI
$15.9K $10.20/SF
Area
San Bernardino County, CA
Vacancy
5.89%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$318,180
Cap Rate 7%
$227,271
Cap Rate 9%
$176,767
Alternative Uses
Best Use
Multifamily LT 5
$227.3K
$198.9K – $265.2K
NOI $15,909 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$197.3K
$172.6K – $230.2K
NOI $13,810 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$329.1K
$287.9K – $383.9K
NOI $23,034 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate units include attached garages and private fenced outdoor areas.
Where is this duplex located?
The property is located at 6418 Center Street Joshua Tree, CA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units with approximately 1,560 square feet of total living space; Each unit has approximately 780 square feet and its own attached garage; Both units are currently tenant occupied
