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34202020
34202021

6321 Yucca, 29 Palms, CA 92277 For Sale

Advtge
Listed by Advtge
$819,900
15 days on market
Updated 0 days ago
Contract Pending

6321 Yucca

Details
APN 0618254180000
Property Type Multifamily
Sub Type Apartment Building
Units 7
Cap Rate 7.61%
Buildings 3
Acreage 0.199
Zoning Assessor

Multifamily | 7.61% CAP | 7 Units

Marketing description

Exceptional opportunity to acquire a well-maintained 7-unit apartment community in the established Harmony Acres neighborhood of Twentynine Palms. Situated on three contiguous parcels totaling approximately 0.59 acres, the property offers a desirable unit mix of five 2-bedroom, 1-bath units and two studios, providing strong in-place cash flow with additional upside through the lease-up of one currently vacant 2-bedroom unit. All seven units have been extensively renovated and feature upgraded kitchens and bathrooms, granite countertops, updated cabinetry, tile flooring, recessed lighting, dual-pane windows, and upgraded sliding glass doors. The five 2-bedroom units are equipped with ducted central heating and air conditioning powered by new York rooftop HVAC systems, while both studio units feature energy-efficient mini-split HVAC systems. The property also features five detached garages, on-site laundry providing additional income, ample off-street parking, and low-maintenance desert landscaping. Gas and electric are separately metered for the 2-bedroom units, while the owner pays utilities for the studio units. Conveniently located just north of CA-62 with quick access to downtown Twentynine Palms, the Marine Corps Air Ground Combat Center, and Joshua Tree National Park, the property benefits from rental demand driven by military personnel, tourism, and the areas continued growth. Property must be sold concurrently with 6424 Athol Avenue, Twentynine Palms, creating a rare opportunity to acquire a 13-unit apartment portfolio. Three contiguous APNs are included in the sale
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Advtge
Listed by Advtge

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