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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Herbert Diaz, DRE #01458024 • PLF Real Estate Solutions

$ 859,900

Est. payment | -/mo

1.03 Acres Lot

Save

$ 859,900

Est. payment | -/mo

Save

1.03 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRDW24161111

Year Built 1947

Lot Size 1.030 Acres

Source California Regional MLS

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

Interior

Laundry 30, 38

Exterior

Garage Spaces 12.0

Pool None

Building

Story One Story

Water District - Public

Others

Tax ID 0618282100000

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

6038 Bagley AVE Twentynine Palms, CA 92277