6424 Athol, 29 Palms, CA 92277

$699,900

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List Price
$699,900
Status
ACTIVE
MLS#
OC26144553
Year Built
1985
Lot Size
23,900
Acres
0.55
Lot Location
6-10 Units/Acre
Days on Market
136
Property Type
Multifamily
Property Sub Type
Apartment
Stories
One Level

Property Description

Fully occupied and extensively renovated, this six-unit apartment property in the Harmony Acres neighborhood of Twentynine Palms brings in $7,150 per month in scheduled apartment rent. The property spans four parcels and includes five 2-bedroom, 1-bath units and one studio. Renovated kitchens and bathrooms feature granite countertops, updated cabinetry, and tile flooring in many units. Other improvements include dual-pane windows, newer screens, and upgraded sliding glass doors. The two-bedroom units have York rooftop central heating and air conditioning, and the studio has a ductless mini-split. Five detached garages are included in apartment rents, and on-site laundry provides additional income. The property also offers off-street parking and low-maintenance desert landscaping. Gas and electricity are separately metered for the two-bedroom units. The location offers easy access to downtown Twentynine Palms, the Marine Corps Air Ground Combat Center, and Joshua Tree National Park. Offered with 6321 Yucca Avenue for a combined 13-unit portfolio. Interior photos are representative of the renovations completed across all six units and are provided without unit identification. Sale of 6424 Athol Avenue includes APNs 0623-031-01-0000, 0623-031-02-0000, 0623-031-03-0000, and 0623-031-04-0000. Three units are subject to a recorded affordability agreement. See MLS Supplements for the full offering memorandum, including the rent roll, operating projections, recent comparable sales, and affordability overview.

Additional Information

Pool Description
None
Heat
Central, Ductless, Forced Air
Cooling
Yes
Cooling Description
Central Air, Ductless
Garage Spaces Total
5
Sewer
Septic Type Unknown
Water
Public
Attached Structure
Attached
Number Of Units Total
6
Gross Scheduled Income
$85,800
Operating Expense
24672

Listing courtesy of Listing Agent: Christopher Anspach (chris@advtge.com) from Listing Office: Advtge.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.