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Listed by Debra Hanna, DRE #01473392 • DEBRA HANNA BROKER

$1,199,000

Est. payment - /mo

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7.06 Acres Lot

Price Dropped by $150K

63020 Two Mile RD Joshua Tree, CA 92252

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Alex Kononoff

alexander.kononoff@exprealty.com +1(650) 207-5341

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRIG26192458

Style Other

Year Built 2021

Lot Size 7.055 Acres

Property Sub-Type Duplex

Source California Regional MLS

Property Description

2 UNIQUE STR HOMES on 7 Acres w/ room to build. Approx 11% CAP. Perfect for 1031 and BONUS DEPRECIATION! 2025 - $203K Gross, $132k NOI = 11% CAP. Financing $959k at 7%/30yr = ~$76.6k/yr debt service with 20% down $240K. Cash flow: ~$55.6k/yr = 23.0% cash-on-cash Tax: Cost Seg (if applicable) + 100% bonus depreciation - $253k yr 1 deduction ~$94k federal tax savings (37% bracket) Net cash in after tax savings: $240k - $94k = ~$146k Cash-on-cash on net cash: $55.6k ÷ $146k = ~38% (estimated, buyer verify w/ tax advisor) 2.5 miles to Downtown JT & 8 miles fr National Park West Entrance, this offering includes 2 architecturally distinctive hangar-style homes: "Desert Moon" & "Starship" built 2021/2023 top-rated short-term rentals $203,000 gross 2025 revenue, approx $132,000 NOI. 1160 sqft each, 2/2B, 20ft ceiling, dramatic 15ft walls windows, framing desert/mountain views, two king ensuite bedrooms, immersive themed interiors, space pods, stargazing lofts, fenced private backyards with hot tubs, seasonal above-ground pools, propane fire pits, and outdoor dining. Each unit is steel constructed with closed-cell spray foam insulation and commercial-grade roofing membranes, exceptional energy efficiency (see expenses), superior durability against sun and wind, and an extr

Location

State CA

County San Bernardino

Area Dc621 - Old Town West

Rooms

Kitchen Dishwasher, Freezer, Garbage Disposal, Microwave, Other, Refrigerator, Built-in BBQ Grill, Oven - Electric

Interior

Heating Heat Pump, Other, Electric

Cooling Other

Laundry None

Exterior

Parking Features Unassigned Spaces, Private / Exclusive

Pool Pool - Above Ground, Pool - Yes, Spa - Private

View Hills, Other

Building

Story One Story

Foundation Concrete Slab

Water Hot Water, District - Public

Architectural Style Other

Others

Tax ID 0604281180000

Special Listing Condition Not Applicable

Alex Kononoff

Agent License ID: 01387648

+1(650) 207-5341 | alexander.kononoff@exprealty.com

63020 Two Mile RD Joshua Tree, CA 92252

Alex Kononoff

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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63020 Two Mile RD