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Listed by Herbert Diaz, DRE #01458024 • PLF Real Estate Solutions
$ 859,900
Est. payment | /mo
1.03 Acres Lot
$ 859,900
Est. payment | /mo
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
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Jose M Padilla
Broker-Owner | Lic# 01424564