6425 Mariposa, 29 Palms, CA 92277
Property · 2 recorded sales since 2016
Sold July 2020
Listing Agent: Jeffrey Zatlin (DRE #01955130) · Listing Office: RE/MAX Consultants, Palm Springs · Contact: 760-864-6400 · Bought with: Mustafa Sultani · Mustafa Sultani Broker · MLS #JT19195033 · Source: CRMLS
About this property
Partially rehabbed 12 unit complex on 2.64 acres which includes 7 buildings consisting of 4 individual 1/1 houses with attached carports, a duplex containing a 2/1 with fireplace, and a large 1 bedroom 1 bath apartment. In addition, there are 6 more units consisting of 3 studios, 1 2/1, and a 1/1 which were remodeled from an old hotel. Many of the units have been restored, and most are rented. Some of the units still need to be rehabbed. This property is appropriate for experienced rehab buyers, and is priced accordingly. Infrastructure including gas and water lines have been renovated as well. The property is zoned tourist commercial, so vacation rentals and other occupancy options can be implemented. This property provides great cash flow and rents are relatively low. There's a lot of opportunity for a cash flow investor and seller will finance with attractive terms with a reasonable amount down.
Listing description from the July 2020 sale, as reported to CRMLS.
Sale history
