Athol & Yucca 13-Unit Apartments Multi-Family FOR SALE


Twentynine Palms, CA
$1,495,000 USD
714-814-2088
, Twentynine Palms, CA for Sale
$1,495,000 USD
Multi-Family - FOR SALE
1/28
null | 7.09% Cap Rate

Athol & Yucca 13-Unit Apartments
Twentynine Palms, CA


HIGHLIGHTS

  • Onsite Laundry for both Athol & Yucca Apartments.
  • Property is located just 7 Minutes (4.8 Miles) from Joshua Tree National Park.
  • Single Car Garages
  • Excellent Unit Mix Majority Two-Bedroom Units
  • New HVAC's & Mini Splits
  • New Double Pane Windows

OVERVIEW

ProForma CAP Rate of 8.62% With a ProForma GRM of 7.00. Current CAP Rate of 7.09% This Two Property Portfolio is a total of Thirteen (13) Units located on 6424 Athol Avenue & 6321 Yucca Avenue, Twentynine Palms, CA 92277. These properties consist of Three (3) Studios & Ten (10) Two-Bedroom / One Bathroom Units. The Athol Apartments are a total of Six (6) Units & the Yucca Apartments are a total of Seven (7) Units. The property currently is situated on a total of 1.130 Acres of land. The real estate market in Twentynine Palms has shown growth potential, with lower property prices compared to neighboring cities like Palm Springs and Yucca Valley. This affordability can attract real estate investors looking to buy properties for rental income, vacation homes, or long- term investments. As the city's population grows and tourism remains steady, there may be opportunities to invest in retail and commercial real estate, catering to both residents and visitors. San Bernardino County's location, offering a relatively lower cost of living compared to some nearby counties, can attract people looking for affordable housing options. As a result, the county may have experienced an influx of residents from more expensive areas like Los Angeles and Orange County.

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.