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29 Palms,CA 92277
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25264892
HOA Y/N No
Year Built 1936
Property Sub-Type Mixed Use
Property Description
Fully renovated 9-unit multifamily property in the growing Twentynine Palms market. With a strong 6.8% cap rate and 8.75 GRM on current rents, this turnkey asset features 4 studios, 4 one-bed units, and 1 two-bed unit across 3,240 SF. All interiors have been updated with modern kitchens, baths, fixtures, and finishes. Current scheduled rents total $9,425/month with market potential of $10,200/month. Property sits on a 21,600 SF lot with ample open parking. Low expenses and stable tenant demand driven by proximity to the Marine Corps base and downtown amenities. Excellent opportunity for investors seeking strong cash flow and minimal renovation needs.
Location
State CA
County San Bernardino
Area Dc710 - Desert Heights
Interior
Heating ENERGY STAR Qualified Equipment
Cooling ENERGY STAR Qualified Equipment
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Biking,Hiking,Horse Trails,Hunting,Mountainous,Near National Forest,Preserve/Public Land
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 0617103050000
Energy Description 575.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard