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Listed by James Wardlaw • Sperry Commercial
$1,000,000
Est. payment /mo
0.5 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25264892
Year Built 1936
Lot Size 0.496 Acres
Source California Regional MLS
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 Other
Cooling Other
Laundry Laundry Area
Exterior
Pool None
Building
Lot Description Hunting
Story One Story
Others
Tax ID 0617103050000
Special Listing Condition Not Applicable
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