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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$859,900

Est. payment - /mo

1.03 Acres Lot

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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW24161111

HOA Y/N No

Year Built 1947

Lot Size 1.030 Acres

Property Sub-Type Mixed Use

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

Zoning C-1

Interior

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, See Remarks

Exterior

Pool None

Community Features Rural, Valley

Total Parking Spaces 12

Private Pool No

Building

Lot Description Lot Over 40000 Sqft

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 0618282100000

Energy Description 2700.0

Acceptable Financing Cash to New Loan, Submit

Listing Terms Cash to New Loan, Submit

Special Listing Condition Standard

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Listed by Herbert Diaz PLF Real Estate Solutions 562-639-9636, DRE #01458024

Nearby School & Business

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Jessica Panzica

+1(714) 313-8193

Agent License ID: 01854556

6038 Bagley AVE 29 Palms, CA 92277

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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