For Sale
$2,050,000

61850 Chollita RdJoshua Tree, CA 92252

Prime 1.63-acre lot, 24,000sf, multifamily potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • $2,050,000 asking price for redevelopment opportunity.
  • 1.63-acre lot (71,002 sq ft) with five existing buildings totaling 24,000 sq ft of livable space.
  • Located in Joshua Tree, CA, at 61850 Chollita Rd, 92252.
  • JT/RM zoning allows for multifamily (up to 32 units) or senior living development.
  • 1964 construction; pre-planning for a 32-unit development is complete.

Property Details for 61850 Chollita Rd

Property type
Retirement homes, Mixed-use properties
Year Built
1964
Stories
1

Location Insight

City
Joshua Tree
County
San Bernardino
State
California
Latitude
34.137744
Longitude
-116.3140899
61850 Chollita Rd, Joshua Tree, California

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61850 Chollita Rd
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