6407 Morongo, 29 Palms, California 92277, 29 Palms, 92277 - 0 bed, 0 bath
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29 Palms, California 92277
This Strong Value Opportunity is a Quadruplex Asset listed at $599,000—positioned well below the $634,925 Fair Market Value by 5%. This valuation gap provides $35,925 in Instant Equity. With a Condition Rating of 4, the property features two renovated units alongside two long-term rentals, offering immediate cash flow. The expansive 75,500 sqft lot with flexible commercial zoning provides significant redevelopment potential. This is an ideal acquisition for Buy-and-Hold Investors or Commercial Developers seeking growth in the High Desert.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6407 Morongo Subject | $599,000* List Price | 0 | 0 | 1,800 | $353 | - |
A 72121 Hatch Road Active | $575,000 List Price | 0 | 0 | 1,440 | $399 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1950, the property is in a transitional state. While two units have received recent renovations (<5 years) with modern cabinetry and countertops, the remaining two units are occupied by long-term tenants and likely remain in a dated condition. The presence of older wall heaters and evaporative coolers indicates dated mechanical systems that do not meet the 'Excellent' or 'Good' criteria for the entire building.
The property features an expansive 75,500 square foot lot with flexible commercial zoning, offering rare opportunities for redevelopment, expansion, or mixed-use concepts in a growing market.
Situated in downtown Twentynine Palms, the property is minutes from Joshua Tree National Park and the Marine Corps Air Ground Combat Center, ensuring high demand from tourists and military personnel.
With two units fully remodeled featuring new appliances and finishes, and two units occupied by long-term tenants, the property provides a blend of turnkey appeal and immediate rental income.
While two units are updated, the remaining two units are older and occupied by long-term tenants, likely requiring future capital expenditures to bring them up to modern market standards.
At a list price of $599,000 for 1,800 square feet of living space, the valuation is heavily weighted on the land and zoning potential rather than the existing residential structures.
**Investment Opportunity in Downtown Twentynine Palms** Rare investment opportunity featuring four units situated on an oversized commercial lot of nearly 75,500 square feet in the heart of downtown Twentynine Palms. With flexible commercial zoning and exceptional lot size, this property offers endless potential for expansion, redevelopment, mixed-use concepts, or a live/work environment. Conveniently located just minutes from Joshua Tree National Park, the Marine Corps Air Ground Combat Center Twentynine Palms, and popular local shops and restaurants, this property is ideally positioned to attract long-term tenants, military personnel, tourists, or business opportunities. Two of the units have been fully remodeled and feature: * New appliances * Updated flooring * Fresh interior paint * New countertops The remaining two units are occupied by long-term tenants, providing immediate rental income. Whether you're seeking an income-producing property, redevelopment potential, or a unique commercial/residential opportunity, this versatile property delivers outstanding possibilities in one of the High Desert’s growing markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,800 | 1,483 | 64% |
| Lot Size | 17,500 | 8,864 | 91% |
| Price | $599.0K | $300.0K | 91% |
| Price per sq ft | $333 | $204 | 91% |
| Built year | 1950 | 1952 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 180 | 9% |
May 19, 2026
$599,000
Initial Listing
Jul 12, 2001
$50,000
Public Record