6607 Palo Verde Avenue, 29 Palms, California 92277, 29 Palms, 92277 - 0 bed, 0 bath
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29 Palms, California 92277
This Income-Producing Triplex Asset represents a Strong Value Opportunity with a List Price of $350,000—positioned well below the $384,073 Fair Market Value by 8%. This valuation gap provides $34,073 in Instant Equity. While maintaining a Condition Rating of 4 due to its 1985 original finishes, the property features a New Septic System and Mountain Views. Located in the Morongo Unified School District near the Marine Corps Base, it offers high rental demand. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio Managers.
Property is moderate renovation needed.
Built in 1985 (39 years old), the property is dated with original features such as popcorn ceilings, wall heaters, and 1980s-style bathroom vanities. While the recent addition of a new septic system is a significant system upgrade and the units appear functional and move-in ready for tenants, the interior finishes require modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17500, living area = 2106.
This fully occupied triplex provides immediate cash flow with current rents totaling over $2,800 monthly and offers significant upside potential to reach market rates.
Proximity to the Marine Corps Base, Joshua Tree National Park, and local amenities ensures a steady pipeline of military, workforce, and tourism-related rental demand.
The property is sold in as-is condition, which may require the buyer to budget for deferred maintenance or cosmetic updates to maximize the asset's value.
Nearby elementary schools have low performance ratings, which could limit the property's appeal to long-term family tenants prioritizing education.
Income-producing triplex opportunity in Twentynine Palms. Built in 1985 and offering approximately 2,106 square feet on a generous 17,500 square foot lot, this three-unit property presents strong potential for investors seeking cash flow in a steadily growing rental market. Current rents are Unit A: $925, Unit B: $995, and Unit C: $914, providing immediate income with upside potential. Recent improvements include a new septic system and leach field. Property is being sold as-is. Spacious lot offers room for outdoor use, parking, and future possibilities subject to buyer investigation. Conveniently located near local shopping, dining, Tortoise Rock Casino, the Marine Corps Base, and the entrance to Joshua Tree National Park, an area that continues to draw residents, visitors, and workforce demand. Opportunity to add a multi-unit asset in the High Desert market. Buyer to verify all information including rents, permits, condition, and financing suitability.
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades K-6 • 1.0 mi
Grades 7-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 3% |
| Baths | 0.0 | 2.0 | 2% |
| Square foot | 2,106 | 1,184 | 97% |
| Lot Size | 17,500 | 13,000 | 62% |
| Price | $350.0K | $259.0K | 82% |
| Price per sq ft | $166 | $218 | 16% |
| Built year | 1985 | 1978 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 192 | 2% |
Apr 24, 2026
$350,000
Initial Listing
Apr 21, 2017
$181,000
Public Record
Oct 1, 2014
$165,000
Public Record
Jan 2, 2014
$385,000
Public Record
Jul 15, 1999
$66,000
Public Record
Jun 1, 1994
$49,000
Public Record
Mar 9, 1994
$62,500
Public Record