Additional details

JLee Broker

[email protected] +1(650) 857-1000

Listed by Herbert Diaz, DRE #01458024 • PLF Real Estate Solutions

$859,900

Est. payment - /mo

1.03 Acres Lot

Save

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRDW24161111

Year Built 1947

Lot Size 1.030 Acres

Source California Regional MLS

Property Description

***MASSIVE PRICE REDUCTION*** NOW OFFERED AT $859,900! Exceptional investment opportunity in the heart of 29 Palms! Located at 6038 Bagley Avenue, this well-maintained 10-unit multifamily property offers an attractive combination of strong current income, unit diversity, and long-term investment potential. The property features a desirable mix of studio, one-bedroom, and two-bedroom units, with each unit individually metered for electricity, helping reduce owner-paid utility expenses and improve operating efficiency. With current gross rents of approximately $8,770 per month ($105,240 annually), this property offers compelling investment metrics at the newly reduced price, including an approximately 9.07% CAP RATE and 8.17 GRM! The property has a solid rental track record and is positioned in a growing desert community near Joshua Tree National Park, one of Southern California's premier outdoor destinations. Whether you're looking to expand an existing multifamily portfolio or acquire a strong income-producing property, 6038 Bagley Avenue represents an opportunity to acquire 10 UNITS FOR ONLY $859,900 ***APPROXIMATELY $85,990 PER UNIT!*** Don't miss this opportunity to acquire a cash-flowing multifamily asset at a substantially reduced price!

Location

State CA

County San Bernardino

Area 699 - Not Defined

Interior

Laundry 30, 38

Exterior

Garage Spaces 12.0

Pool None

Building

Story One Story

Water District - Public

Others

Tax ID 0618282100000

Special Listing Condition Not Applicable

Read Less Info

Nearby School & Business

Get More Information

JLee Broker

+1(650) 857-1000

Broker License ID: 00851314

Quick Search

6038 Bagley AVE Twentynine Palms, CA 92277

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information