73752 Crestview Drive, 29 Palms, California 92277, 29 Palms, 92277 - 4 bed, 3 bath
ACTIVE$350,000
73752 Crestview Drive, 29 Palms, California 92277
4Beds
3Baths
1,473Sqft
8,864Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: As a triplex with separate meters for each unit and a detached garage offering additional leasing opportunities, the property presents excellent cash flow potential for investors.
Top Cons:
Age of Property: Built in 1949, the property's age may necessitate increased maintenance, potential capital expenditures for aging infrastructure (e.g., plumbing, electrical, roof), and could impact long-term operational costs.
Compared to the nearby listings
Price:$350.0K vs avg $292.5K (+$57,500)80%
Size:1,473 sqft vs avg 1,432.5 sqft50%
Price/sqft:$238 vs avg $21550%
More Insights
Built in 1949 (76 years old).
Condition: The property, built in 1949, has received cosmetic updates such as painted cabinets, basic laminate/wood-look countertops, and a mix of flooring (carpet, Saltillo tile, LVP/laminate) across its units. While these updates, along with the installation of split and window AC units, make the units functional and rentable, they are not extensive, high-quality renovations. The kitchens and bathrooms appear dated in style and features, utilizing older-style cabinets and freestanding appliances. The property is well-maintained but shows its age, requiring minor updates to meet current aesthetic and quality standards, particularly in the kitchens and bathrooms.
Year Built
1949
Close
-
List price
$350K
Original List price
$350K
Price/Sqft
$238
HOA
-
Days on market
-
Sold On
-
MLS number
IV25124653
Home ConditionFair
Features
Good View: Hills, Neighborhood, Panoramic
Deck
Patio
ViewHills, Neighborhood, Panoramic
About this home
FANTASTIC CASH FLOW OPPORTUNITY!! Charming Spanish style TRIPLEX, nestled in the heart of Twentynine Palms! Each unit features its own private outdoor patio, individual parking space(s), separate meters, contemporary finishes, and walls/split units for heating and cooling comfort all year-round. UNIT A, top floor, is a 2 bed, 1 bath; it provides a nice-size kitchen with lots of cabinets, a walk-in closet, carpeted bedrooms, and amazing views from its private balcony. UNIT B, bottom floor, includes Saltillo tile floors, a cozy kitchen, a dining area, along with partitioned sleeping quarters, a small bath, and a covered patio. UNIT C is a detached “Casita,” with a studio layout, a sectioned kitchen area, a lovely bath, and an outdoor private swing. The property also comes with a detached garage that can be leased out separately as storage, if desired. The shared area is perfect for barbecues and gatherings, a perfect blend of amenities and serene living. Located steps away from downtown, a few miles from Joshua Tree National Park, and the Marine Corps Base.
Nearby schools
4/10
Oasis Elementary School
Public,•K-6•0.9mi
2/10
Palm Vista Elementary School
Public,•K-6•2.0mi
4/10
Twentynine Palms Junior High School
Public,•7-8•0.9mi
5/10
Twentynine Palms High School
Public,•9-12•1.3mi
Condition Rating
Fair
The property, built in 1949, has received cosmetic updates such as painted cabinets, basic laminate/wood-look countertops, and a mix of flooring (carpet, Saltillo tile, LVP/laminate) across its units. While these updates, along with the installation of split and window AC units, make the units functional and rentable, they are not extensive, high-quality renovations. The kitchens and bathrooms appear dated in style and features, utilizing older-style cabinets and freestanding appliances. The property is well-maintained but shows its age, requiring minor updates to meet current aesthetic and quality standards, particularly in the kitchens and bathrooms.
Pros & Cons
Pros
Strong Income Potential: As a triplex with separate meters for each unit and a detached garage offering additional leasing opportunities, the property presents excellent cash flow potential for investors.
Prime Location: Strategically located in the heart of Twentynine Palms, steps from downtown, and in close proximity to Joshua Tree National Park and the Marine Corps Base, ensuring high rental demand from diverse tenant pools.
Individual Unit Amenities: Each unit benefits from private outdoor patios, individual parking spaces, separate utility meters, and modern wall/split units for heating and cooling, enhancing tenant appeal and operational efficiency.
Panoramic Views: Unit A offers 'amazing views from its private balcony,' and the property generally boasts 'Hills, Neighborhood, Panoramic' views, adding to its desirability and potential rental value.
Contemporary Finishes: The description highlights 'contemporary finishes' throughout the units, suggesting a modern and appealing aesthetic that can attract and retain quality tenants.
Cons
Age of Property: Built in 1949, the property's age may necessitate increased maintenance, potential capital expenditures for aging infrastructure (e.g., plumbing, electrical, roof), and could impact long-term operational costs.
Compact Unit Layouts: Unit B features 'partitioned sleeping quarters' and a 'small bath,' while Unit C is a 'studio layout.' The overall square footage (1473 sqft for three units) suggests relatively compact living spaces, which might limit the tenant demographic or achievable rental rates.
Varied Interior Finishes: While 'contemporary finishes' are mentioned, specific details like 'carpeted bedrooms' in Unit A and 'Saltillo tile floors' in Unit B indicate a lack of uniform, potentially higher-end finishes across all units, which may require future upgrades to maximize rental income and tenant appeal.