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    Property profile & analytics
    OFF-MARKET Estimated value $2,480,000
    Assisted living facilities

    61850 Chollita Rd, Joshua Tree, CA 92252-2328

    11,926 SF 0.82 ac lot Built 1964
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US10-1548062
    Property summary
    AI-generated overview

    This exceptional Joshua Tree investment presents a unique redevelopment opportunity. The property encompasses a 1.63-acre lot (71,002 sq ft) featuring five existing freestanding buildings totaling 24,000 square feet of net rentable space. Originally constructed in 1964, these structures are currently zoned JT/RM, providing significant flexibility for adaptive reuse. Pre-planning comments for a 32-unit multifamily development are already available, streamlining the approval process. The property's central location in Joshua Tree offers convenient access to local amenities, situated just one block from shops and restaurants, and a short five-minute drive to Joshua Tree National Park. This presents a cost-effective alternative to ground-up construction, allowing for efficient repositioning into a multifamily apartment complex, senior care facility, or other suitable mixed-use development. The asking price is $2,050,000. The property's single story configuration and existing infrastructure minimize initial development hurdles. This is an ideal opportunity for investors seeking a high-return project in a desirable location. APN: 0603-222-25-0000.

    Property profile
    Verified
    Property type Assisted living facilities
    Use group HOMES (RETIRED, NURSING)
    Year built 1964
    Construction WOOD
    Total area 11,926 SF
    Lot 0.82 ac (35,700 SF)
    APN 0603-222-25-0000
    UPID US10-1548062
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.68M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.48M
    Owner & transaction history
    Radify Joshua Tree LLC · 4 yrs held
    Radify Joshua Tree LLC
    since 2021
    Last sale
    $2.3M
    7 recorded transactions
    2021
    $2.3M
    2004
    $480,000
    1999
    $26,896
    1997
    1993
    $650,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $3.3M +463.3%
    Office building $3.1M +437.4%
    Restaurant $2.2M +281.4%
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