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Listed by Herbert Diaz, DRE #01458024 • PLF Real Estate Solutions
$ 979,900
Est. payment | /mo
1.03 Acres Lot
$ 979,900
Est. payment | /mo
1.03 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW24161111
Year Built 1947
Lot Size 1.030 Acres
Source California Regional MLS
Property Description
***MASSIVE PRICE REDUCTION***Welcome to a lucrative investment opportunity nestled in the heart of 29 Palms. This multi-unit property, located at 6038 Bagley Avenue, boasts 10 spacious and well-maintained units, offering a blend of comfort and convenience. This property is an ideal addition to any investment portfolio, offering a winning combination of current income and future appreciation. The area is known for its proximity to Joshua Tree National Park, making it a popular spot for nature lovers and those seeking outdoor activities. Don't miss this opportunity to acquire a valuable piece of real estate in a growing community. 10 well maintained units the have a solid rental track record. Mix of a Studio, 1's, 2's & Onsite laundry. Also, each unit is individually metered for electricity! Current Actual Cap rate 7.42%!!! and GRM is 9.8%!!
Location
State CA
County San Bernardino
Area 699 - Not Defined
Interior
Laundry 30, 38
Exterior
Garage Spaces 12.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 0618282100000
Special Listing Condition Not Applicable
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