74262 El Paseo Drive, 29 Palms, California 92277, 29 Palms, 92277 - 4 bed, 2 bath
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29 Palms, California 92277
This Multi-Structure Value-Add Compound is a High-Potential Investment Asset with a List Price of $175,000 and a Fair Market Value of $100,865. Currently holding a Condition Rating of 5, the property requires a full rehabilitation but offers significant utility via three separate structures on a 27,200 SqFt Lot. Featuring Desert and Mountain Views within the Morongo Unified School District, the "solid bones" and block construction provide a robust foundation for forced appreciation. This acquisition is an ideal project for Fix-and-Flip Investors or Contractors seeking a high-upside desert transformation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 74262 El Paseo Drive Subject | $165,000* List Price | 4 | 2 | 1,342 | $75 | - |
A 73971 Samarkand Drive Sold | $220,000 | 4 | 2 | 1,346 | $163 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1948, this multi-structure compound requires a full rehabilitation. The kitchen and bathrooms are severely outdated with aged fixtures, and the interior shows significant wear, including distressed flooring and weathered surfaces. While the listing suggests solid structural 'bones,' the property currently lacks modern systems and finishes, necessitating substantial repairs and modernization to be comfortably livable.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 27200, living area = 1342.
The unique compound features three separate structures, including a secondary two-bedroom unit and a workshop, providing exceptional flexibility for rental income, guest housing, or a creative studio.
Priced competitively with 'solid bones' and block construction, this property offers a high-upside opportunity for investors or DIY buyers to build substantial equity through a full renovation.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1342, other record living area = 942. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The property is in need of a complete rehab, which will require significant upfront capital, time, and management of major construction updates.
The second residential structure is not reflected in current tax records due to its age, which may complicate traditional financing options and require additional permitting efforts.
Welcome to 74262 El Paseo Dr. in 29 Palms, California—a rare multi-structure property with tremendous sweat-equity potential. Situated on nearly three-quarters of an acre, this unique compound features three separate structures surrounding a central courtyard. The main residence is a two-bedroom, one-bath block-construction home with impressive open-beam wood ceilings, a spacious floor plan, a generous bathroom, tile flooring throughout most of the home, and an enclosed laundry area plus a screened porch. The second structure, though not reflected in current tax records due to the age of the property, includes two bedrooms, one bath, and a kitchen, offering flexibility for future use. The third structure is an oversized laundry room/workshop, providing valuable additional utility space. While the property will require a full rehab, the roof appears free of obvious leaks and the overall bones feel solid, making this an excellent candidate for transformation. In addition, a separate lot located directly behind the property is available for purchase, and the home next door is also for sale, creating a unique opportunity for buyers seeking to assemble a large multi-property compound.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 83% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,342 | 1,192 | 67% |
| Lot Size | 27,200 | 14,508 | 68% |
| Price | $165.0K | $250.0K | 11% |
| Price per sq ft | $123 | $224 | 6% |
| Built year | 1948 | 1966 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 138 | 195 | 27% |
Apr 2, 2026
$165,000
$175,000
-6% Price Drop
Initial Listing
Feb 5, 2026
$175,000
$200,000
-12% Price Drop
Initial Listing
Dec 5, 2025
$200,000
Initial Listing
Dec 28, 1994
$20,000
Public Record