6038 Bagley Avenue, 29 Palms, CA 92277
6038 Bagley Avenue, 29 Palms, CA 92277
6038 Bagley Avenue, 29 Palms, CA 92277
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Naghmeh Keyvani

Naghmeh Keyvani

+1(201) 759-6517
Listed by Herbert Diaz • PLF Real Estate Solutions
$859,900
Est. payment /mo
10,450 SqFt
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UPDATED:

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

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Naghmeh Keyvani

Naghmeh Keyvani

+1(201) 759-6517

Broker Associate License ID: DRE# 02091823

Broker Associate License ID: DRE# 02091823

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