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$ 575,000
Est. payment /mo
New
72121 Hatch Road 29 Palms, CA 92277
4 Baths
0.84 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IG26090956
Lot Size 0.841 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Rare Investment Opportunity in Twentynine Palms! This unique multi-family property features four detached, income-generating studio units situated on an expansive 36,621 SF lot. Currently generating $3,350 in monthly gross income ($40,200 annually), the property offers immediate cash flow with significant upside, as proforma market rents suggest a potential 5.41% CAP rate. Each unit provides a private "tiny home" atmosphere for tenants, who cover their own electric, gas, and internet utilities. This "blank canvas" lot offers massive development flexibility, with city approval for additional units or ADUs, and is even suitable for commercial development. Located just minutes from the Marine Corps Air Ground Combat Center and Joshua Tree National Park, this property is perfectly positioned to capitalize on the area's high rental demand and steady appreciation. Whether you are looking to expand the residential footprint or pivot to a commercial venture, this oversized parcel at 72121 Hatch Road is a cornerstone addition to any desert portfolio.
Location
State CA
County San Bernardino
Zoning Assessor
Direction Hwy 62 to Hatch Road.
Interior
Cooling Swamp Cooler(s)
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 0616292010000
Acceptable Financing Exchange, FHA, Seller May Carry, VA
Listing Terms Exchange, FHA, Seller May Carry, VA
Listed by NATHAN DIONES, DRE#01767311 REGIONCY REAL ESTATE
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