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Listed by Herbert Diaz • PLF Real Estate Solutions
$859,900
Est. payment /mo
10,450 SqFt
Price Dropped by $120K
6038 Bagley Avenue 29 Palms, CA 92277
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Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 10,450 sqft
Price per Sqft $82
MLS Listing ID DW-24161111
Year Built 1947
Lot Size 1.030 Acres
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
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
Zoning C-1
Interior
Laundry See Remarks, Gas & Electric Dryer Hookup, Washer Hookup
Exterior
Pool None
Community Features Rural, Valley
Building
Lot Description Lot Over 40000 Sqft
Sewer Public Sewer