73796 Cactus Drive

Twentynine Palms, CA 92277

$2,225,000
Price
30
Beds
12,480 Sq. Ft.
$178 / Sq. Ft.
12,480
Sq. Ft.
$178
per Sq. Ft.

Description

Great investment oppurtunity! 15 Units on Individual Parcels: The property consists of 15 units, each with 2,496 square feet of living space. These units are on separate parcels, offering flexibility for future sales, as they could be sold individually when the time comes. Located downtown Twentynine Palms, with walking distance to shopping, dining, and the New Freedom Plaza. Close to Tortoise Rock Casino and the MBTA Bus Station across the street. Only 5 minutes from the military base, a prime location...Great investment oppurtunity! 15 Units on Individual Parcels: The property consists of 15 units, each with 2,496 square feet of living space. These units are on separate parcels, offering flexibility for future sales, as they could be sold individually when the time comes. Located downtown Twentynine Palms, with walking distance to shopping, dining, and the New Freedom Plaza. Close to Tortoise Rock Casino and the MBTA Bus Station across the street. Only 5 minutes from the military base, a prime location for military personnel. The area is described as "up-and-coming," with new development happening regularly, making it a potentially high-return investment as the market grows. Twentynine Palms is becoming more popular, with comparisons to the growing popularity of Joshua Tree. The Saturday morning Farmers Market at Freedom Plaza is a highlight and draws in locals and visitors alike. Mountain views from the property add to its appeal. The units are described as 2-bedroom, 1-bath, and they are likely well-suited for renters or potential buyers looking for a cozy, manageable space. The fact that five units are on separate parcel numbers offers investors a unique selling point, as these can be sold individually later, allowing for flexibility in how the investment is managed. Why Twentynine Palms? The town is in a phase of growth and development, becoming a destination for those looking for more affordable real estate while still being close to attractions like Joshua Tree National Park and the Twentynine Palms Military Base. The area is centrally located, making it an attractive option for people who want easy access to shops, dining, and other amenities.
  1. Listed by Cindy Mark • DRE #01332204 • Brokerage DRE #01332204 • Cindy Mark Realty • 760-285-4911

Property Details for 73796 Cactus Drive

Architectural Style
Ranch
View
Hills, Mountain(s)
Parking Spaces Total
65
Private Pool
No
Total Units
15.0
Lot Size Source
Assessor
Property Attached YN
true
Common Walls
1 Common Wall
LISTING UPDATED: 11/22/2024 09:50 AM

Property Details for 73796 Cactus Drive

StatusActive
MLS #JT24076098
Days on Market219
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income / Combo - Res and Com
Year Built1984
Lot Size0.34 AC / 15,000 SF
CountySan Bernardino County

Building Information for 73796 Cactus Drive

Stories3Residences-Year Built1984Lot Size0.34 AC / 15,000 SF

Property Information for 73796 Cactus Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $8,550
  • Gross Scheduled Income: $102,600
  • Net Operating Income: $88,200
Expense Details
  • Operating Expense: $14,400
  • Fuel Expense: $0
  • Electric Expense: $300
  • Insurance Expense: $2,000
  • Professional Management Expense: $850
  • Trash Expense: $200
  • Water Sewer Expense: $466
  • Total Expenses: $3,816
Tax / Assessment Info
  • Tax Tract Number: 2516
  • Tax Census Tract: 104.02
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas & Electric Range, Range Hood, Refrigerator
  • Room Type: All Bedrooms Down, All Bedrooms Up
  • Laundry: Yes
  • Laundry Features: Common Area, Outside
  • Fireplace Features: None, Living Room
  • Cooling: Evaporative Cooling
  • Heating: Wall Furnace
  • Flooring: Carpet, Laminate
Exterior Features
  • Construction Materials: Drywall Walls, Stucco
  • Entry Location: front
  • Fence: Yes
  • Fencing: Chain Link
  • Foundation Details: Concrete Perimeter
  • Property Condition: Turnkey, Updated/Remodeled
  • Pool Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Land Lease: No
  • Road Frontage Type: City Street
  • Levels: Three Or More
  • Sewer: Conventional Septic
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Uncovered Spaces: 30
  • Carport Spaces: 35
  • Parking Features: Driveway, Concrete
Unit Information
Unit 1
  • Unit Type Units Total: 15
  • Unit Type Beds Total: 30
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $8,550
  • Unit Type Total Rent: $8,550
  • Unit Type Pro Forma: 14625
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 2

Property History for 73796 Cactus Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 73796 Cactus Drive

This home is within Morongo Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Palm Vista Elementary School
PublicK to 6

Twentynine Palms Junior High School
Public7 to 8

Twentynine Palms High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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73796 Cactus Drive is a mixed use property for sale in Twentynine Palms, CA 92277. This property was listed for sale on April 17, 2024 by Cindy Mark Realty, it's currently listed at $2,225,000. This listing's school district is Morongo Unified School District. Nearby schools include Palm Vista Elementary School, Twentynine Palms Junior High School and Twentynine Palms High School. 73796 Cactus Drive is a 30-bed, 0-bath, 12,480 sqft mixed use property built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cindy Mark Realty, Cindy Mark, DRE #01332204

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.