6424 Athol Ave | Twentynine Palms, CA 92277
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6424 Athol Ave
Twentynine Palms, CA 92277
Athol Apartments & Yucca Apartments · Multifamily Property For Sale · 13 Units
Investment Highlights
- This 2-property portfolio includes the Athol Apartments, a 6-unit building, and Yucca Apartments, offering 7 units.
- The properties possess an attractive unit mix of Three (3) Studios & Ten (10) Two-Bedroom / One Bathroom Units.
- Onsite Laundry for both Athol & Yucca Apartments. / Property is located just 7 Minutes (4.8 Miles) from Joshua Tree National Park.
- ProForma CAP Rate of 8.19% With a ProForma GRM of 7.51. Current CAP Rate of 6.79%. / ProForma CAP Rate is Based on Leveling Off Current Rents.
- The properties are 100% occupied with long term tenants. / Property recently had full interior renovations done within the last few years.
PROPERTY FACTS
| No. Units | 13 | Lot Size | 1.13 AC |
| Property Type | Multifamily | Building Size | 4,075 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low Rise | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1985/2018 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.13 AC |
| Building Size | 4,075 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1985/2018 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | $995.00 | 300 |
| 2+1 | 10 | $1,027 | 755 |
PROPERTY TAXES
| Parcel Number | 0623-031-04 | Improvements Assessment | $178,016 |
| Land Assessment | $8,864 | Total Assessment | $186,880 |
PROPERTY TAXES
Parcel Number
0623-031-04
Land Assessment
$8,864
Improvements Assessment
$178,016
Total Assessment
$186,880
zoning
| Zoning Code | R3 |
| R3 |
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