Contacts
Maxwell Brown
Commercial Asset Advisors
Property Details
- Property Type Multi-Family
- Property Size 2,960 SF
- Units 9
- Lot Size 0.5 Acre
- Additional Rent Contact for pricing
- Year Built 1936
- Date Updated Jun 10, 2024
Commercial Asset Advisors is pleased to present a fully renovated to the studs multifamily asset producing an in-place 8.92% cap rate in-place and a 9.84% proforma cap rate. The property has undergone extensive capital improvements in the last 18 months including but not limited to all new plumbing supply, electrical, roofs, windows, HVAC, quartz countertops, vinyl flooring, new cabinetry, fencing, landscaping, stucco, and paint. The asset provides an investor with the unique opportunity to acquire a truly turnkey multifamily holding in California with a highly qualified and stable tenant base to produce superior returns to market rate t-bills, bonds, etc while also receiving the various tax benefits and appreciation returns of California real estate.
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Getting around
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Walk Score ®
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Bike Score ®
Location
- City Twentynine Palms, CA
- Zip Code 92277
- Market Inland Empire
Points of Interest
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Chevron
0.08 miles
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ARCO
0.11 miles
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ChargePoint
0.15 miles
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7-Eleven
0.40 miles
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Mobil
0.46 miles
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Tesla Supercharger
1.12 miles
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Circle K
1.17 miles
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MCX
7.76 miles
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Parking Garage
6.65 miles
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Permit Parking
8.70 miles
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G Parking
8.92 miles
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E Parking
8.98 miles
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Desert Queen Ranch
9.26 miles
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Echo T Parking Area
9.48 miles
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Boy Scout Trail Parking
9.63 miles
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Hemingway Parking Area
9.98 miles
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El Rancho Dolores Motel
0.13 miles
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9 Palms Inn
0.25 miles
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Motel 29 Palms
0.57 miles
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29 Palms Inn
0.65 miles
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Motel 6 Twentynine Palms
1.06 miles
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Holiday Inn Express Hotel & Suites Twentynine Palms
1.09 miles
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Circle C Lodge
1.23 miles
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Americas Best Value Inn - Joshua Tree / Twentynine Palms
1.96 miles
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Rodeway Inn & Suites
1.99 miles
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Roughley Manor
2.08 miles
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Stater Bros.
2.08 miles
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Grocery Outlet
2.10 miles
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Commissary
5.38 miles
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Marine Corps Exchange
6.85 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Maxwell Brown
Commercial Asset Advisors