Listing provided courtesy of Sabina Yi of Keller Williams Beverly Hills. Last updated 2025-01-15 09:10:59.000000. Listing information © 2024 Sandicor.
Asking Price: $2,050,000 |
61850 Chollita, Joshua Tree CA 92252
Community:
This property was built in 1964 and is priced at $2,050,000. Please see the additional details below.
Prime investment opportunity in the heart of Joshua Tree! This unique property features FIVE freestanding buildings with a total of 24,000sf of livable space, set on a sprawling 1.63 acre lot. Originally built in 1988 as a retirement home, the property is zoned JT/RM, making it perfect for repositioning into a 32-unit multifamily apartment building with a pool. All structures are intact, offering an efficient and cost-effective development process without the need for ground-up construction. Pre-planning comments for 32-unit development are already in hand, streamlining the path to realization. Whether you are looking to create a rehab facility, retreat center, or a lucrative apartment complex, this property offers endless possibilities. Centrally located in Joshua Tree, just one block away from all the shops and restaurants and a five minute drive to the National Park.
