74262 El Paseo Drive, 29 Palms, California 92277, 29 Palms, 92277 - 4 bed, 2 bath

74262 El Paseo Drive, 29 Palms, California 92277 home-pic-0

74262 El Paseo Drive

29 Palms, California 92277

ACTIVE
CONDITION: POOR
4Beds
2Baths
1,342Sq Ft
27,200Lot Size

Property Price

LIST PRICE$175,000
EST. MARKET VALUE
$100,865
73% AboveMARKET VALUE

SUMMARY

Estimated Market Value

$100,865
Based on Realkey algorithm analyzing recent comparable sales in 29 Palms.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
74262 El Paseo Drive
Subject
$175,000*
List Price
421,342$75-
A
73971 Samarkand Drive
Sold
$220,000421,346$1631.0 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

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 The kitchen and bathrooms are severely outdated with aged fixtures, and the interior shows significant wear, including distressed flooring and weathered surfaces.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.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    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.

  • Multi-Structure Versatility

    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.

  • Significant Sweat Equity Potential

    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.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    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.

  • Extensive Rehabilitation Required

    The property is in need of a complete rehab, which will require significant upfront capital, time, and management of major construction updates.

  • Unrecorded Square Footage

    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.

About 74262 El Paseo Drive

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.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1948
Lot Size
27,200 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
83%
Baths2.02.0
50%
Square foot1,3421,193
66%
Lot Size27,20013,737.5
67%
Price$175.0K$256.5K
13%
Price per sq ft$130$224
8%
Built year19481972
4%
HOA$0$0
50%
Days on market92197
9%

Pricing History

Listed for Sale

Feb 5, 2026

$175,000

$200,000

-12% Price Drop

Initial Listing

Price Change

Dec 5, 2025

$200,000

Initial Listing

Sold

Dec 28, 1994

$20,000

Public Record

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