$575,000 Price Analysis 6411 Park BlvdJoshua Tree, CA 92252 0 bed None bath 7,046 SqFt ($81/SqFt) 0.52 acre lot. Built 1981 Listed 2024-06-07 | ✓ USDA Eligible near Joshua Tree, CA Restrictions may apply due to home size |
Property is zoned for storage and units are permitted as storage units (buyer to investigate and confirm). Purchase includes a third vacant lot, for a total of three parcels on prestigious Park Blvd, which leads to the National Park. Purchase includes two buildings with 11 units in each building 6 units are approximately 42 deep by 9 wide and the other 5 units are approximately 20 deep by 10 wide. Second building has same confguration for a Total o f 22-Storgage Units. Property has deferred maintenance and needs updating. For example, new security doors for each unit and interior drywall would vastly improve condition. Regardless of ROI, it would be difficult to impossible to find land zoned for storage units in popular Joshua Tree and then build 22-units of this size for the price this property is being sold for.
To upgrade property and add more storage units without constructing more buildings, Buyer could possibly split the six approximately 42 deep by 9 wide units located in the building to the north by adding doors on the northside of the north building, opening onto the additional third vacant lot, to create twelve approximately 21 deep by 9 wide units (in place of the existing 42 deep by 9 wide units), thereby adding another 6-units for a total of 28-units. There is an electric meter behind the southern building. Note: Green lines demarcating boundaries in pictures are approximate. Buyer to complete their own Due Diligence regarding condition of buildings, permits and permits needed to create additional units. CASH ONLY. NO SELLER CARRY. NO CREATIVE FINANCING. CASH ONLY.
Presented by Bryan Wynwood at
Joshua Tree Modern.
Property MLS #JT24096747 from CRMLS
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.