Incredible investment opportunity to acquire a turn-key, fully furnished 9-unit multifamily complex with SHORT-TERM RENTAL potential, ideally suited for a 1031 exchange. Ideally located on a 1.33 acre lot in the vibrant heart of downtown Joshua Tree, this meticulously maintained property features recently renovated interiors. It is just a few minutes from local retail and close to the Joshua Tree National Park Visitor Center and weekly farmers market. The complex offers ample space for potential future development on its excess land (buyer to verify with appropriate authorities). On-site amenities include an office with an attached staging room for cleaners, laundry facilities, a storage shed, EV charging, and parking spots. Several units have private patios, large enough for jacuzzi installations, and all units feature living rooms and full kitchens, making them ideal for both long-term and short-term rentals. The property consists of nine units: six 1-bedroom/1-bathroom units, one 2-bedroom/1-bathroom unit, and two 3-bedroom/2-bathroom units. It currently holds a motel license and health permit, allowing for short-term rentals.
Joshua Tree has become a premier destination for real estate investors due to its growing popularity as a tourist hotspot and its strong short-term rental market. Nestled just minutes from Joshua Tree National Park, the area attracts millions of visitors annually who seek out its stunning desert landscapes, hiking trails, and vibrant arts scene. This demand has fueled the rise of successful vacation rentals, offering investors lucrative returns on well-maintained properties. Additionally, with increasing interest in desert living, Joshua Tree’s relatively affordable land and potential for development make it an attractive option for those looking to capitalize on both short- and long-term rental opportunities. The area's unique mix of natural beauty, cultural appeal, and steady tourism growth makes it a compelling choice for real estate investment.
62044 Chollita Road
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