7344 Palm Avenue, Yucca Valley, California 92284, Yucca Valley, 92284 - bed, bath
ACTIVE$549,900
7344 Palm Avenue, Yucca Valley, California 92284
0Bed
0Bath
3,284Sqft
40,920Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Potential: This property features three separate homes on one lot, offering significant income potential as a triplex or for multi-generational living arrangements.
Top Cons:
Age of Construction: Built in 1966, the homes may require updates to systems, finishes, or infrastructure to meet modern standards and tenant expectations, potentially incurring additional costs.
Compared to the nearby listings
Price:$549.9K vs avg $340.0K (+$209,900)75%
Size:3,284 sqft vs avg 1,710 sqft75%
Price/sqft:$167 vs avg $19925%
More Insights
Built in 1966 (59 years old).
Condition: The property, built in 1966, is aged but appears maintained. While it benefits from recent cosmetic updates such as new LVP flooring and fresh paint, the kitchen features outdated dark cabinets, white laminate/tile countertops, and older white appliances. The bathrooms also appear basic with older fixtures. The light fixtures throughout are dated. The home is functional and livable, but the key areas (kitchen and bathrooms) show significant signs of being outdated, requiring minor updates to meet current aesthetic and functional standards.
Year Built
1966
Close
-
List price
$550K
Original List price
$600K
Price/Sqft
$167
HOA
-
Days on market
-
Sold On
-
MLS number
JT25161979
Home ConditionFair
Features
Good View:
Patio
View-
About this home
Incredible Investment Opportunity – 3 Homes on One Lot! A rare find: three separate homes on a single lot, each with its own water and electric meter, and individual propane tanks. This unique setup offers strong rental potential and flexibility for investors or multi-generational living. • 56473 Pima Trail – 1 bed, 1 bath • 7344 Palm Avenue – 2 beds, 2 baths + office/bonus room (no closet) • 7416 Palm Avenue – 2 beds, 2 baths Prime location with easy access to local amenities and Joshua Tree. Shown by appointment only — please do not disturb the occupants.
Condition Rating
Fair
The property, built in 1966, is aged but appears maintained. While it benefits from recent cosmetic updates such as new LVP flooring and fresh paint, the kitchen features outdated dark cabinets, white laminate/tile countertops, and older white appliances. The bathrooms also appear basic with older fixtures. The light fixtures throughout are dated. The home is functional and livable, but the key areas (kitchen and bathrooms) show significant signs of being outdated, requiring minor updates to meet current aesthetic and functional standards.
Pros & Cons
Pros
Multi-Unit Income Potential: This property features three separate homes on one lot, offering significant income potential as a triplex or for multi-generational living arrangements.
Independent Utilities: Each of the three homes has its own water and electric meter, along with individual propane tanks, simplifying tenant billing and management.
Generous Lot Size: The large 40,920 sqft lot provides ample space, privacy, and potential for future expansion or outdoor amenities.
Strategic Location: Situated in a prime location in Yucca Valley with easy access to local amenities and the popular Joshua Tree National Park, enhancing rental demand and property appeal.
Recent Price Adjustment: The property has seen a recent price reduction from $599,900 to $549,900, potentially indicating a more attractive entry point for investors.
Cons
Age of Construction: Built in 1966, the homes may require updates to systems, finishes, or infrastructure to meet modern standards and tenant expectations, potentially incurring additional costs.
Occupancy and Showing Restrictions: The property is currently occupied, requiring appointments for showings and explicitly stating not to disturb occupants, which can complicate the viewing and inspection process for potential buyers.
Propane Dependency: Reliance on individual propane tanks for each unit may present higher utility costs or less convenience compared to properties with natural gas connections.