6038 Bagley Avenue, 29 Palms, California 92277, 29 Palms, 92277 - bed, bath
6038 Bagley Avenue
29 Palms, California 92277
Property Price
SUMMARY
Analysis of 6038 Bagley Avenue, 29 Palms, California 92277 is currently available with a list price of $979,900. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the 29 Palms Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property was built in 1947, making it 77 years old. While the description states 'well-maintained units' with a 'solid rental track record,' and exterior images show functional buildings, there are no interior photos to assess the condition, style, and features of kitchens, bathrooms, appliances, flooring, or electrical devices. Given its age, it's highly probable that interiors are dated and would require minor updates to meet modern standards, aligning with the 'Fair' category. The visible mini-split AC units suggest some functional updates, but without interior views, a higher score cannot be justified.
PROSSTRENGTHS & OPPORTUNITIES
- High-Yield Investment
A multi-unit property with 10 units, explicitly marketed as a 'lucrative investment opportunity' with strong income potential.
- Attractive Financial Metrics
Boasts a high actual Cap Rate of 7.42% and a favorable Gross Rent Multiplier (GRM) of 9.8, indicating strong cash flow.
- Reduced Operating Costs
All units are individually metered for electricity, transferring utility expenses to tenants and maximizing landlord profitability.
CONSRISKS & DEFICIENCIES
- Property Age
Constructed in 1947, the property's age may lead to higher long-term maintenance costs and potential for aging infrastructure or systems despite being 'well-maintained'.
- Market Size & Diversity
Located in 29 Palms, a smaller community, which might present limitations in market depth, tenant diversity, or long-term economic growth compared to larger urban centers.
- Significant Price Adjustment
The 'MASSIVE PRICE REDUCTION' from the original list price, while beneficial for buyers, could signal an initial overpricing or potential underlying issues that necessitated such a large drop, requiring thorough due diligence.
About 6038 Bagley Avenue
***MASSIVE PRICE REDUCTION***Welcome to a lucrative investment opportunity nestled in the heart of 29 Palms. This multi-unit property, located at 6038 Bagley Avenue, boasts 10 spacious and well-maintained units, offering a blend of comfort and convenience. This property is an ideal addition to any investment portfolio, offering a winning combination of current income and future appreciation. The area is known for its proximity to Joshua Tree National Park, making it a popular spot for nature lovers and those seeking outdoor activities. Don't miss this opportunity to acquire a valuable piece of real estate in a growing community. 10 well maintained units the have a solid rental track record. Mix of a Studio, 1's, 2's & Onsite laundry. Also, each unit is individually metered for electricity! Current Actual Cap rate 7.42%!!! and GRM is 9.8%!!
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1947
- Lot Size
- 44,866 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
29 Palms Unified Schools
Oasis Elementary School
Grades K-6 • 0.5 mi
Palm Vista Elementary School
Grades K-6 • 1.8 mi
Twentynine Palms Junior High School
Grades 7-8 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 2.0 | 50% |
| Baths | - | 1.0 | 50% |
| Square foot | 10,450 | 6,151 | 50% |
| Lot Size | 44,866 | 26,561 | 50% |
| Price | $979.9K | $650.0K | 50% |
| Price per sq ft | $94 | $133 | 50% |
| Built year | 1947 | 1966 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 579 | 416 | 0% |
Pricing History
Listed for Sale
Aug 20, 2025
$979,900
Initial Listing
Price Change
Aug 5, 2024
$1,250,000
Initial Listing