6038 Bagley Ave Twentynine Palms, CA 92277
Estimated payment $5,749/month
Highlights
- 1.03 Acre Lot
- Laundry Room
- 1-Story Property
- No HOA
About This Home
***MASSIVE PRICE REDUCTION***Welcome to a lucrative investment opportunity nestled in the heart of 29 Palms. This multi-unit property, located at 6038 Bagley Avenue, boasts 10 spacious and well-maintained units, offering a blend of comfort and convenience. This property is an ideal addition to any investment portfolio, offering a winning combination of current income and future appreciation. The area is known for its proximity to Joshua Tree National Park, making it a popular spot for nature lovers and those seeking outdoor activities. Don't miss this opportunity to acquire a valuable piece of real estate in a growing community. 10 well maintained units the have a solid rental track record. Mix of a Studio, 1's, 2's & Onsite laundry. Also, each unit is individually metered for electricity! Current Actual Cap rate 7.42%!!! and GRM is 9.8%!!
Listing Agent
PLF Real Estate Solutions Brokerage Phone: 562-639-9636 License #01458024 Listed on: 08/05/2024
Co-Listing Agent
PLF Real Estate Solutions Brokerage Phone: 562-639-9636 License #02179798
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 1.03 Acre Lot
- Two or More Common Walls
- Rural Setting
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 10,450 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 12 Open Parking Spaces
- 12 Parking Spaces
Listing and Financial Details
- Tax Lot 13
- Tax Tract Number 2957
- Assessor Parcel Number 0618282100000
Community Details
Overview
- No Home Owners Association
- 10 Buildings
- 10 Units
- Valley
Building Details
- 10 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Fuel Expense $2,700
- Insurance Expense $5,009
- Trash Expense $2,640
- Water Sewer Expense $4,620
- New Taxes Expense $12,250
- Operating Expense $27,219
- Gross Income $99,960
- Net Operating Income $72,741
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,236 | $462,941 | $55,776 | $407,165 |
| 2024 | $4,980 | $453,863 | $54,682 | $399,181 |
| 2023 | $4,882 | $444,964 | $53,610 | $391,354 |
| 2022 | $4,780 | $436,239 | $52,559 | $383,680 |
| 2021 | $4,730 | $427,685 | $51,528 | $376,157 |
| 2020 | $4,694 | $423,300 | $51,000 | $372,300 |
| 2019 | $2,693 | $234,567 | $27,825 | $206,742 |
| 2018 | $2,631 | $229,967 | $27,279 | $202,688 |
| 2017 | $2,605 | $225,458 | $26,744 | $198,714 |
| 2016 | $2,557 | $221,038 | $26,220 | $194,818 |
| 2015 | $3,073 | $217,718 | $25,826 | $191,892 |
| 2014 | $3,058 | $230,542 | $25,616 | $204,926 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/19/2025 08/19/25 | Price Changed | $979,900 | -6.7% | $94 / Sq Ft | |
| 05/09/2025 05/09/25 | Price Changed | $1,050,000 | -8.7% | $100 / Sq Ft | |
| 01/07/2025 01/07/25 | Price Changed | $1,150,000 | -8.0% | $110 / Sq Ft | |
| 08/05/2024 08/05/24 | For Sale | $1,250,000 | +201.2% | $120 / Sq Ft | |
| 01/25/2019 01/25/19 | Sold | $415,000 | +1.2% | $235 / Sq Ft | View Prior Sale |
| 12/12/2018 12/12/18 | For Sale | $410,000 | 0.0% | $232 / Sq Ft | |
| 01/05/2016 01/05/16 | Rented | $850 | 0.0% | -- | |
| 09/16/2015 09/16/15 | For Rent | $850 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW24161111
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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Ask me questions while you tour the home.