73601 Sun Valley Drive, 29 Palms, California 92277, 29 Palms, 92277 - bed, bath
ACTIVE$499,900
73601 Sun Valley Drive, 29 Palms, California 92277
0Bed
0Bath
3,172Sqft
12,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strategic Location: The property is ideally situated near the 29 Palms Marine Corps Base, Joshua Tree National Park, and Tortoise Rock Casino, ensuring a steady demand for rentals from military personnel, tourists, and local employees.
Top Cons:
Age of Property: Built in 1973, the property is over 50 years old, which may indicate aging infrastructure, systems (plumbing, electrical), and potential for higher maintenance costs or significant capital expenditures for upgrades.
Compared to the nearby listings
Price:$499.9K vs avg $292.5K (+$207,400)80%
Size:3,172 sqft vs avg 1,596 sqft70%
Price/sqft:$158 vs avg $18840%
More Insights
Built in 1973 (52 years old).
Condition: Built in 1973, this property is over 50 years old and explicitly described as a 'value-add opportunity' requiring 'renovation' to boost rental income. The images confirm a very dated interior, particularly the kitchen with old-style wood cabinets, outdated white appliances, worn linoleum flooring, and an old ceiling fan. Living areas feature a mix of older laminate and worn carpet. Cooling is provided by older wall-mounted AC units and swamp coolers, not modern central HVAC. While functional, the property requires substantial rehabilitation and modernization to meet current quality standards and tenant expectations, aligning with the 'poor' condition criteria.
Year Built
1973
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$158
HOA
-
Days on market
-
Sold On
-
MLS number
SW25102608
Home ConditionPoor
Features
ViewNeighborhood
About this home
Prime 4-Plex Investment Opportunity – Close to 29 Palms Marine Base & Joshua Tree Fantastic opportunity to own a centrally located 4-unit multifamily property, each featuring 2 bedrooms and 1 bathroom. These spacious units offer open floor plans designed for modern living, with individual air conditioning and swamp coolers for year-round, personalized comfort. Located just minutes from the 29 Palms Marine Corps Base, Joshua Tree National Park, and Tortoise Rock Casino, this property is ideally situated to attract a steady stream of qualified tenants. With schools, shopping centers, and public transportation nearby, it’s a high-demand rental area offering strong occupancy potential. Parking is available for all residents, and the property presents an excellent value-add opportunity for investors looking to renovate, boost rental income, and maximize long-term returns.
Nearby schools
4/10
Oasis Elementary School
Public,•K-6•0.6mi
2/10
Palm Vista Elementary School
Public,•K-6•1.7mi
4/10
Twentynine Palms Junior High School
Public,•7-8•1.2mi
5/10
Twentynine Palms High School
Public,•9-12•1.0mi
Condition Rating
Poor
Built in 1973, this property is over 50 years old and explicitly described as a 'value-add opportunity' requiring 'renovation' to boost rental income. The images confirm a very dated interior, particularly the kitchen with old-style wood cabinets, outdated white appliances, worn linoleum flooring, and an old ceiling fan. Living areas feature a mix of older laminate and worn carpet. Cooling is provided by older wall-mounted AC units and swamp coolers, not modern central HVAC. While functional, the property requires substantial rehabilitation and modernization to meet current quality standards and tenant expectations, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Strategic Location: The property is ideally situated near the 29 Palms Marine Corps Base, Joshua Tree National Park, and Tortoise Rock Casino, ensuring a steady demand for rentals from military personnel, tourists, and local employees.
Multi-Unit Investment: As a 4-plex (quadruplex), this property offers diversified income streams and potentially higher cash flow compared to single-family rentals, reducing risk from individual unit vacancies.
High Occupancy Potential: Explicitly described as a 'high-demand rental area,' indicating strong market conditions for consistent tenant placement and minimal vacancy periods.
Value-Add Opportunity: Presents an 'excellent value-add opportunity' for investors to renovate, boost rental income, and maximize long-term returns, suggesting significant upside potential.
Individual Unit Comfort: Each unit features individual air conditioning and swamp coolers, providing personalized climate control for tenants and potentially enhancing tenant satisfaction and retention.
Cons
Age of Property: Built in 1973, the property is over 50 years old, which may indicate aging infrastructure, systems (plumbing, electrical), and potential for higher maintenance costs or significant capital expenditures for upgrades.
Renovation Required: While a 'value-add opportunity,' this implies that substantial renovation and capital investment will be necessary to achieve higher rental income and maximize returns, requiring upfront costs and potential vacancy during upgrades.
Lack of Specific Condition Details: The description is general and does not provide specific details about the current condition of each unit, recent upgrades, or deferred maintenance, which could lead to unforeseen expenses for a buyer.