72121 Hatch Road, 29 Palms, CA 92277
- $515,000
- List Price
- $515,000
- Price Change
- ▼ $20,000 1782777290
- Status
- ACTIVE
- MLS#
- IG26090956
- Year Built
- 1946
- Lot Size
- 36,621
- Acres
- 0.84
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 87
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- One Level
Property 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.
Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Evaporative Cooling
- View
- Mountain(s), Neighborhood, Panoramic
- Roof
- Composition
- Sewer
- Unknown
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $40,200
- Operating Expense
- 16720
Listing courtesy of Listing Agent: NATHAN DIONES (broker@regioncy.com) from Listing Office: REGIONCY REAL ESTATE.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.