6321 Yucca, 29 Palms, CA 92277

$819,900

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List Price
$819,900
Status
ACTIVE UNDER CONTRACT
MLS#
OC26144641
Year Built
1985
Lot Size
26,040
Acres
0.60
Lot Location
6-10 Units/Acre
Days on Market
79
Property Type
Multifamily
Property Sub Type
Apartment

Property Description

Exceptional opportunity to acquire a well-maintained 7-unit apartment community in the established Harmony Acres neighborhood of Twentynine Palms. Situated on three contiguous parcels totaling approximately 0.59 acres, the property offers a desirable unit mix of five 2-bedroom, 1-bath units and two studios, providing strong in-place cash flow with additional upside through the lease-up of one currently vacant 2-bedroom unit. All seven units have been extensively renovated and feature upgraded kitchens and bathrooms, granite countertops, updated cabinetry, tile flooring, recessed lighting, dual-pane windows, and upgraded sliding glass doors. The five 2-bedroom units are equipped with ducted central heating and air conditioning powered by new York rooftop HVAC systems, while both studio units feature energy-efficient mini-split HVAC systems. The property also features five detached garages, on-site laundry providing additional income, ample off-street parking, and low-maintenance desert landscaping. Gas and electric are separately metered for the 2-bedroom units, while the owner pays utilities for the studio units. Conveniently located just north of CA-62 with quick access to downtown Twentynine Palms, the Marine Corps Air Ground Combat Center, and Joshua Tree National Park, the property benefits from rental demand driven by military personnel, tourism, and the area’s continued growth. Property must be sold concurrently with 6424 Athol Avenue, Twentynine Palms, creating a rare opportunity to acquire a 13-unit apartment portfolio. Interior photographs are representative of the quality of renovations completed throughout the property and are provided for reference only. They do not depict any specific unit, current vacancy, or current condition. All units are subject to an existing affordable housing covenant. Sale includes APNs 0618-254-18-0000, 0618-254-19-0000, and 0618-254-20-0000.

Additional Information

Pool Description
None
Heat
Central, Forced Air
Cooling
Yes
Cooling Description
Central Air, Ductless
Garage Spaces Total
5
Sewer
Septic Type Unknown
Water
Public
Attached Structure
Attached
Number Of Units Total
7
Gross Scheduled Income
$86,046
Operating Expense
24804

Listing courtesy of Listing Agent: Christopher Anspach (chris@advtge.com) from Listing Office: Advtge.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.