ResidentialIncome — 72121 Hatch Road, 29 Palms, CA
$495,000
72121 Hatch Road, 29 Palms, CA
About this property
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 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. We do have a 100% financing program + closing costs available through a conventional lender. Property must be owner occupied within 60 days to qualify for this program. Inquire for details.
Property details
Location
72121 Hatch Road • 29 Palms, CA 92277
Listed by
NATHAN DIONES · REGIONCY REAL ESTATE