73636 Cactus Dr - Apartments FOR SALE


Twentynine Palms, CA 92277
$825,000 USD
714-814-2088
73636 Cactus Dr, Twentynine Palms, CA for Sale
$825,000 USD
Apartments - FOR SALE
1/24
null | 6.53% Cap Rate

73636 Cactus Dr
Twentynine Palms, CA 92277


HIGHLIGHTS

  • SELLER WILLING TO CARRY
  • ProForma CAP Rate of 7.97% With a ProForma GRM of 8.33. / Current CAP Rate of 6.53%.
  • DT (Downtown) zoning allows for the addition of more units or future development — a rare opportunity to significantly increase value.
  • The Property Offers a Desirable Unit Mix of Six (6) One-Bedroom / One-Bathroom Units and One (1) Non-Conforming Studio, with Dedicated Carport Parking
  • Within walking distance to Freedom Plaza, Ground Squirrel, and other downtown amenities, supporting strong tenant demand and long-term stability.
  • Property is located within a short drive from Direct Access to Highway 62, Highway 247, and the I- 10 Freeway.

OVERVIEW

This Six (6) + One (1) Non-Conforming Unit Property is located at 73636 Cactus Drive, Twentynine Palms, CA 92277. The property is comprised of Six (6) One-Bedroom / One-Bathroom Units and One (1) Non-Conforming Studio, which was converted from a previously existing Two-Bedroom / Two-Bathroom layout. The buildings total approximately 3,860 square feet and sit on a 0.790 Acre Lot. Originally constructed in 1965, the property has undergone recent renovations including new exterior paint, dual-pane vinyl windows, mini-split installations in select units, a recently paved driveway, and a roof that was replaced within the past few years. One of the property's most compelling features is its DT (Downtown) zoning, which may allow for additional unit development or future site expansion — offering investors a rare opportunity to unlock hidden value and boost long-term returns (buyer to verify with the City). Twentynine Palms is a city located in the Mojave Desert of Southern California, known for its proximity to Joshua Tree National Park, a renowned destination for desert landscapes and outdoor activities. The city serves as a gateway to the national park and offers a variety of services and accommodations to visitors. Twentynine Palms is also home to a thriving arts community, a military presence with the Twentynine Palms Marine Corps Base, and several cultural and natural attractions in the surrounding area, making it a hub for nature enthusiasts, artists, and those seeking a desert adventure.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

7

PRICE/UNIT

$117,857

CAP RATE

6.53%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

RM

APN/PARCEL ID

0617-114-24

ASK ABOUT THIS PROPERTY

Albert LeLe Investment GroupMore Info
714-814-2088

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Albert LeLe Investment GroupMore Info
714-814-2088

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