6038 Bagley Avenue, 29 Palms, CA 92277
List Price: $860K
Listing Status: Active
Original List Price: $1.25M
0Days on Market: 730
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1947
Lot Size: 44,866 sq ft
Private Pool: Yes
MLS Number: DW24161111
About This Property
***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!
Listing provided by: Herbert Diaz DRE #01458024 562-639-9636 herb@PLFrealestatesolutions.com, PLF Real Estate Solutions
Source: CRMLS, MLS #: DW24161111