Listed by REGIONCY
$575,000
72121 Hatch Road
Details
APN 0616292010000
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 4.38%
Buildings 4
Acreage 0.841
Zoning Assessor
Multifamily | 4.38% CAP | 4 Units
Marketing 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.
Listing Contacts
Listed by REGIONCY
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