72121 Hatch Rd - Multi-Family FOR SALE


Twentynine Palms, CA 92277
$575,000 USD
909-709-3781
72121 Hatch Rd, Twentynine Palms, CA for Sale
$575,000 USD
Multi-Family - FOR SALE
1/5
null | 3.8% Cap Rate

72121 Hatch Rd
Twentynine Palms, CA 92277


HIGHLIGHTS

  • Development Flexibility: City approval for additional units or ADUs, with potential for commercial development given the prime location.
  • Young & Active Population: Home to the Marine Corps Air Ground Combat Center, the city maintains a steady influx of personnel and contractors.
  • Strong In-Place Income: Currently generating $3,350 gross monthly ($40,200 annually).

OVERVIEW

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. 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. 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.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$399 USD /SF

# OF UNITS

4

PRICE/UNIT

$143,750

CAP RATE

3.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments, Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,621 SF

ZONING

Commercial

APN/PARCEL ID

0616-292-01

ASK ABOUT THIS PROPERTY

Nathan DionesRegioncy Real EstateMore Info
909-709-3781

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Nathan DionesRegioncy Real EstateMore Info
909-709-3781

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.