Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

6

Building size

4,600 sqft

Lot size

23,900 sqft

Year built

1985

Stories

1

Garage spaces

5

Heating

Forced Air,Ductless,Central

Cooling

Central Air,Ductless

Pool

None

Status

Active

Days on market

110

MLS #

244436127

About this property

Exceptional opportunity to acquire a well-maintained 6-unit apartment community in the growing Twentynine Palms rental market. The property offers a desirable unit mix of five 2-bedroom, 1-bath units and one studio, providing strong in-place cash flow with additional upside. Extensively improved approximately three years ago, all six units feature renovated kitchens and bathrooms, updated cabinetry, granite countertops, and durable tile flooring throughout many of the units. The five 2-bedroom units are equipped with ducted 2-ton York rooftop heating and air conditioning systems, while the studio features a brand-new mini-split HVAC system. Additional improvements include dual-pane windows, newer screens, and upgraded sliding glass doors. The property also features five detached garages, ample on-site parking, low-maintenance desert landscaping, and separately metered gas and electric for the 2-bedroom units, helping minimize operating expenses. Ideally located just minutes from Joshua Tree National Park and the Marine Corps Air Ground Combat Center, the property continues to benefit from strong rental demand driven by military personnel, tourism, and the area’s continued growth. Interior photos are representative of the quality of renovations completed throughout the property and are provided for reference only. They do not depict any specific unit, current vacancy, or current condition. Sale of 6424 Athol Avenue includes APNs 0623-031-01-0000, 0623-031-02-0000, 0623-031-03-0000, and 0623-031-04-0000.

Location

6424 Athol

29 Palms, San Bernardino, CA, 92277