Listed by REGIONCY
$535,000
72121 HATCH RD APT 3 TWENTYNINE PALMS CA 92277-2884
Details
APN 0616292010000
Property Type Multifamily
Sub Type Apartment Building, Development opportunity
Square Footage 1,440
Units 4
Cap Rate 3.80%
NOI $21,920
Pro-Forma NOI $27,050
Class C
Year Built 1946
Lot Size (SqFt) 36,648
4 Units - 100% Occ. 36,621 SF Lot! REDVELOPMENT
Marketing description
Located at 72121 Hatch Road, this unique multi-family property offers a rare combination of immediate cash flow and massive development potential in the heart of the booming High Desert. Situated on an expansive 36,621 sq. ft. lot, this property is perfectly positioned for an investor looking to capitalize on the growing demand for housing in Twentynine Palms.
Investment highlights
- Four Detached Studio Units: Private, stand-alone units that provide tenants with a "tiny home" feel.
- Strong In-Place Income: Currently generating $3,350 gross monthly ($40,200 annually).
- Proforma Potential: Estimated market rents reach $3,800/month, offering a 5.41% Market CAP rate.
- Massive Lot (0.84 Acres): A nearly 37,000 sq. ft. lot providing ample space for expansion.
- Development Flexibility: City approval for additional units or ADUs, with potential for commercial development given the prime location.
Listing Contacts
Listed by REGIONCY
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$21,920.00
$1,826.67/mo
Valuation Metrics
0
DSCR
4.1%
Cap Rate
4.1%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
