73636 Cactus Dr
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73636 Cactus Dr
7 Unit Apartment Building $795,000 ($113,571/Unit) 7.13% Cap Rate Twentynine Palms, CA 92277
Investment Highlights
- Next to Project Phoenix, farmers market, and the best restaurants in town.
Executive Summary
Turnkey, cash-flowing property in an amazing location. Located right behind the new downtown renovation project "Project Phoenix. This property
is close to local restaurants, bars, and shopping. You can also enjoy the Farmer's Market held in Project Phoenix every Saturday. This property is
centrally located in the City of Twentynine Palms. It is close to Joshua Tree National Park, the Marine Base, and Tortoise Rock Casino. This is a 7
unit complex. It has six 1-Bed, 1-Bath units and a studio at the end of the building. This used to be a six unit property with five 1-Bed, 1-Bath units
and a two-bed, two-bath unit. The 2nd bedroom unit has a door sealed off and rented separate of the main unit. Buyer responsible for checking
permits. There is a dedicated laundry room that has two washers and two dryers. These units are great for small families or individuals looking for
an affordable, clean place to call home. The complex has a carport with 6 covered spots, additional uncovered spaces in the parking lot. Current
owner has been replacing evaporative coolers with mini-splits. Three units have mini-splits for heating and cooling. Three units have evaporative
coolers and wall heaters. The studio has a wall-mounted A/C unit and space heaters.
is close to local restaurants, bars, and shopping. You can also enjoy the Farmer's Market held in Project Phoenix every Saturday. This property is
centrally located in the City of Twentynine Palms. It is close to Joshua Tree National Park, the Marine Base, and Tortoise Rock Casino. This is a 7
unit complex. It has six 1-Bed, 1-Bath units and a studio at the end of the building. This used to be a six unit property with five 1-Bed, 1-Bath units
and a two-bed, two-bath unit. The 2nd bedroom unit has a door sealed off and rented separate of the main unit. Buyer responsible for checking
permits. There is a dedicated laundry room that has two washers and two dryers. These units are great for small families or individuals looking for
an affordable, clean place to call home. The complex has a carport with 6 covered spots, additional uncovered spaces in the parking lot. Current
owner has been replacing evaporative coolers with mini-splits. Three units have mini-splits for heating and cooling. Three units have evaporative
coolers and wall heaters. The studio has a wall-mounted A/C unit and space heaters.
Property Facts
| Price | $795,000 | Building Class | C |
| Price Per Unit | $113,571 | Lot Size | 0.79 AC |
| Sale Type | Investment | Building Size | 3,860 SF |
| Cap Rate | 7.13% | No. Stories | 1 |
| No. Units | 7 | Year Built | 1965 |
| Property Type | Multifamily | Parking Ratio | 1.55/1,000 SF |
| Property Subtype | Apartment |
| Price | $795,000 |
| Price Per Unit | $113,571 |
| Sale Type | Investment |
| Cap Rate | 7.13% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 3,860 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Parking Ratio | 1.55/1,000 SF |
Unit Amenities
- Air Conditioning
- Ceiling Fans
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,050 | 500 - 600 |
| Studios | 1 | $725.00 | 200 |
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PROPERTY TAXES
| Parcel Number | 0617-114-24 | Improvements Assessment | $373,699 |
| Land Assessment | $39,044 | Total Assessment | $412,743 |
PROPERTY TAXES
Parcel Number
0617-114-24
Land Assessment
$39,044
Improvements Assessment
$373,699
Total Assessment
$412,743
zoning
| Zoning Code | RM (Residential Multi-Family) |
| RM (Residential Multi-Family) |
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Presented by
Coldwell Banker Roadrunner Realty Inc
73636 Cactus Dr
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