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

SingleFamilyResidence

Bedrooms

10

Building size

10,450 sqft

Lot size

44,866 sqft

Year built

1947

Stories

1

Garage spaces

0

Pool

None

Status

Active

Days on market

730

MLS #

245689230

About this property

***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

6038 Bagley Avenue

29 Palms, San Bernardino, CA, 92277