$1,199,000
FOR SALEActive63020 Two Mile Road
Joshua Tree CA 92252
2,320
SF
Multi-Family
Type
2021
Built
$517/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
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 extremely low-maintenance ownership profile. Unlike much of the area, the property is served by municipal water and grid power, no well, no water hauling, no off-grid complexity. Both units hold active San Bernardino County short-term rental registration and carry high guest ratings (4.96 and 4.97 across 475+ combined reviews), Desert Moon holds "Airbnb Guest Favorite status" and the Starship ranked in "top 10% of eligible listings." Future upside potential is substantial! 1. Marketed exclusively only on AIRBNB; expand to direct booking, other sites + target corporate/retreat/wellness channels = UNTAPPED DEMAND. 2. 7.5-acre parcel may offer potential subdivision for an ADDITIONAL LOT & HOME(S) - buyer to verify w/ SB County Land Use. 3. LUXURY/WELLNESS repositioning of Moon- sauna, redlight, pool heating or change to in-ground, and complete design refresh (See AI renderings). ALL 3 options offer a path to HIGHER ADRs in a market where unique stays and wellness focused spaces now command significant premiums. Fully furnished and turnkey with operating history and revenue documentation. This is a unique new construction, dual-unit compound with income + growth strategy.
Property Information
Property Overview
Commercial - MultiFamily
Property Type
Active
Status
7.0554 acres
Lot Size
2
Total Units
2,320 SF
Square Footage
$516.81/SF
Price per SF
10.00%
Cap Rate
$131K
NOI
2,021
Year Built
1
Stories
Property Highlights
N/A Property
Prime Location with High Visibility
10% Cap Rate
Location Analysis
Building Details
Zoning & Use
Utilities & Systems
Investment Metrics
10.00%
Cap Rate
$131,439
NOI
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