Rare Investment Opportunity in Twentynine Palms! This unique multi-family property features four detached, income-generating studio units situated on an expansive 36,621 SF lot. Currently generating $3,350 in monthly gross income ($40,200 annually), the property offers immediate cash flow with significant upside, as proforma market rents suggest a potential 5.41% CAP… Read More rate. Each unit provides a private "tiny home" atmosphere for tenants, who cover their own electric, gas, and internet utilities.
This "blank canvas" lot offers massive development flexibility, with city approval for additional units or ADUs, and is even suitable for commercial development. Located just minutes from the Marine Corps Air Ground Combat Center and Joshua Tree National Park, this property is perfectly positioned to capitalize on the area's high rental demand and steady appreciation. Whether you are looking to expand the residential footprint or pivot to a commercial venture, this oversized parcel at 72121 Hatch Road is a cornerstone addition to any desert portfolio. Read Less
Property listed by REGIONCY REAL ESTATE, NATHAN DIONES 310-259-7556
Listing Snapshot
Days Online
1
Last Updated
Property Type
Quadruplex
Lot Size
0.84 Acres
Year Built
1946
MLS Number
IG26090956
Additional Details
Building
Built in 1946, 4 buildings, 1 storey, Levels: One, Entry level: 0, Entry location: Level
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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