6757 Adobe Road, 29 Palms, California 92277, 29 Palms, - bed, bath
ACTIVE$432,000
6757 Adobe Road, 29 Palms, California 92277
0Bed
0Bath
2,160Sqft
18,000Lot
Year Built
1946
Close
-
List price
$432K
Original List price
$465K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SW24138435
Home ConditionFair
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
HUGE PRICE REDUCTION! Looking for an income-producing property? Well, look no further. This 4-unit property comes with 3 of the 4 units being occupied by well-established Tenants. There are two Studio Apts, a 1-Bedroom Apt, and a 2-Bedrooms Apt, all with separate electric and gas meters. This property's location is great for those who want to be very close to the downtown restaurants, shops, the Tortoise Rock Casino, and the Joshua Tree National Park Visitor Center in Twentynine Palms, CA. For you military personnel, the entrance to the USMC gate is a short 6-mile commute. Don't miss out on this investment opportunity!
Nearby schools
2/10
Palm Vista Elementary School
Public,•K-6•0.9mi
4/10
Oasis Elementary School
Public,•K-6•1.1mi
4/10
Twentynine Palms Junior High School
Public,•7-8•1.6mi
5/10
Twentynine Palms High School
Public,•9-12•1.4mi
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (7 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,160 | 1,596 | 75% |
| Lot Size | 18,000 | 8,400 | 75% |
| Price | $432K | $275K | 75% |
| Price per square foot | $200 | $196.5 | 50% |
| Built year | 1946 | 9780979 | 13% |
| HOA | |||
| Days on market | 486 | 267 | 88% |
Condition Rating
Fair
Built in 1946, this property is aged but appears to be maintained and functional, consistent with regular upkeep. The interior images show dated tile flooring and basic fixtures, suggesting renovations were done 15-30 years ago or are original with minor updates. The presence of mini-split AC units indicates some system updates. While livable and income-producing, the property clearly shows its age and would require significant updates, particularly in the unseen kitchen and bathroom areas, to meet modern aesthetic and functional standards.
Pros & Cons
Pros
Income-Generating Asset: This quadruplex is explicitly marketed as an income-producing property, with 3 of the 4 units currently occupied by well-established tenants, providing immediate cash flow.
Tenant-Friendly Utility Setup: All units feature separate electric and gas meters, which significantly reduces landlord utility expenses and simplifies tenant billing.
Strategic Location: The property boasts a prime location close to downtown restaurants, shops, Tortoise Rock Casino, Joshua Tree National Park Visitor Center, and a short 6-mile commute to the USMC gate, appealing to a diverse tenant pool.
Investment Opportunity: A 'HUGE PRICE REDUCTION' from the original list price indicates a motivated seller and presents a potentially favorable acquisition for investors.
Diverse Unit Mix: The property offers a mix of two Studio, one 1-Bedroom, and one 2-Bedroom apartments, catering to a broader range of tenant needs and potentially maximizing occupancy.
Cons
Property Age: Built in 1946, the property is nearly 80 years old, which suggests potential for aging infrastructure, deferred maintenance, and higher capital expenditure needs for systems like plumbing, electrical, and roofing.
Partial Vacancy: One of the four units is currently vacant, representing immediate lost income potential and requiring effort and potential cost to prepare and re-tenant.
Potential for Required Upgrades: Given its age, the units may require significant renovations or cosmetic updates to maximize rental income, attract new tenants, and meet modern living standards, which could entail additional investment.