6321 Yucca Avenue

    29 Palms, CA 92277
    • $625,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: 19465374
    UPDATED: 10 min ago
    $625,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,945
      SQFT
    • $126
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1985
    County:

    School Ratings & Info

    Description

    Athol and Yucca Apartment Communities are an ideal opportunity for a multifamily investor. An investor can take advantage of the strong growth market of Twentynine Palms, San Bernardino County. The Athol and Yucca assets are conveniently located within a short distance to retail, restaurants, entertainment venues and employment centers. Twentynine Palms boasts the largest United States Marine Corps base, which encompasses 1,100 square miles and supplements strong market fundamentals in the area. Adjacent to Twentynine Palms, Joshua Tree National Park also attracted a record of 2,942,382 visitors last year. The Athol and Yucca Apartments are the perfect multifamily investment opportunity with a strong in place cash flow and projected positive rental growth. Furthermore, the property can be purchased well below current replacement cost. Both properties' interiors have had full renovations including granite counter tops, tile flooring and new / upgraded cabinets.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-19T10:31:19. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.ardentrealestategroup.com/homes/94664928

    6321 Yucca Avenue 29 Palms, CA 92277

    • Price: $625,000
    • Status: Active
    • Updated: 10 min ago
    • ID#: 19465374
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    4,945
    SQFT
    $126
    $/SQFT
    1985
    Built
    Neighborhood:
    DC726 - Four Corners
    County:
    San Bernardino
    Area:
    DC726 - Four Corners
    Property Description
    Athol and Yucca Apartment Communities are an ideal opportunity for a multifamily investor. An investor can take advantage of the strong growth market of Twentynine Palms, San Bernardino County. The Athol and Yucca assets are conveniently located within a short distance to retail, restaurants, entertainment venues and employment centers. Twentynine Palms boasts the largest United States Marine Corps base, which encompasses 1,100 square miles and supplements strong market fundamentals in the area. Adjacent to Twentynine Palms, Joshua Tree National Park also attracted a record of 2,942,382 visitors last year. The Athol and Yucca Apartments are the perfect multifamily investment opportunity with a strong in place cash flow and projected positive rental growth. Furthermore, the property can be purchased well below current replacement cost. Both properties' interiors have had full renovations including granite counter tops, tile flooring and new / upgraded cabinets.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 7.08 Gross Multiplier 9.30 Gross Operating Income 65577.00 Improvements Amount 129835 Land Value 8439 Laundry YN Yes Net Operating Income 44271.00 Special Listing Conditions Standard Total Expenses 21306.00

    Listing provided courtesy of Peter Hauser of Avison Young +¦Æ+É-Ó+Âgçü+Ógçü-¼+Âgçü+Ógé¼+Ô Southern C


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-19T10:31:19. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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    3230 East Imperial Hwy Suite 130
    Brea CA, 92821