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. We do have a 100% financing program + closing costs available through a conventional lender. Property must be owner occupied within 60 days to qualify for this program. Inquire for details.
Details
| MLS # | IG26090956 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1946 |
| Days On Site | 126 |
| Listing Provided By | REGIONCY REAL ESTATE | NATHAN DIONES |
Features
| SQ Feet | 1,440 |
|---|---|
| Car Port | Yes |
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 4 |
| Acreage | 0.84 |
| Property View | Yes |
Interior
| Cooling | Evaporative Cooling |
|---|---|
| Cooling Yes / No | Yes |
Exterior
| Roof | Composition |
|---|---|
| Lot Features | Six To Ten Units Acre |
| Fencing | Masonry |
Parking
| Parking Features | Attached Carport |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Electricity Connected, Phone Connected, See Remarks |
|---|---|
| Sewer | Unknown |
Location
| Community Features | Rural |
|---|
Area Information
| State | CA |
|---|---|
| County | San Bernardino |
| City | 29 Palms |
| Zip Code | 92277 |
| Area | DC725 Smoke Tree |
| Listing VS Median (in 92277) | |
Price: $495,000 low | high Med: $272,450 sqft: 1,440 low | high Med: 1,182 $ / sqft: $344 low | high Med: $234 On site: 126 low | high Med: 53 | |
Market Activity 92277
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Learn More About This Property
| State | CA |
|---|---|
| County | San Bernardino |
| City | 29 Palms |
| Zip Code | 92277 |
| Area | DC725 Smoke Tree |
| Listing VS Median (in 92277) | |
Price: $495,000 low | high Med: $272,450 sqft: 1,440 low | high Med: 1,182 $ / sqft: $344 low | high Med: $234 On site: 126 low | high Med: 53 | |
