$372,000
SOLD SEP 8, 2021

6659 Ocotillo Ave Twentynine Palms, CA 92277

6 Beds
6 Baths
3,396 Sq Ft
0.4 Acres

Recently Sold

$110 Per Sq Ft

6% Above List Price

12 Days on Market

Highlights

  • Near a National Forest
  • Laundry Room
  • Level Lot
  • No HOA
  • Central Air

About This Home

As of September 2021

Fantastic investment property along Joshua Tree National Park! There has been 100% occupancy for quite a while and the entire area experiences very low vacancy rates. The properties are in great shape. Each unit features 2 bedrooms and 2 bathrooms. Each unit also has an indoor laundry area and also includes washer/dryer and refrigerator! This fully occupied triplex with low maintenance expenses won't last. Wether you're a seasoned investor or looking to purchase your first investment property, units like this one are hard to come by!

Last Agent to Sell the Property

Samuel Park

Park Group Real Estate License #01399618 Listed on: 08/12/2021

Last Buyer's Agent

Samuel Park

Park Group Real Estate License #01399618 Listed on: 08/12/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,236

Year Built

  • Built in 2006

Lot Details

  • 0.4 Acre Lot
  • Desert faces the front of the property
  • Two or More Common Walls
  • Level Lot

Home Design

  • 3,396 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces
  • Parking Available

Utilities

  • Central Air
  • Conventional Septic

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 2516
  • Assessor Parcel Number 0617293040000
  • $1,178 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Near a National Forest

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Water Sewer Expense $900
  • New Taxes Expense $5,420
  • Operating Expense $8,120
  • Gross Income $30,900
  • Net Operating Income $29,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,236

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Price Per Unit: 116667
  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 0617293040000
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 109.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Blm/National Forest

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Desert Front, Level
  • Lot Size Sq Ft: 17500.00
  • Lot Size Acres: 0.4017

Multi Family

  • Gross Income: 30900.00
  • Gross Scheduled Income: 30900.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 17500.0000 Square Feet
  • Net Operating Income: 29900.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 1000.00
  • Rent Control: No
  • Total Expenses: 8120.00

Tax Info

  • New Taxes Expense: 5420.00
  • Tax Census Tract: 104.21
  • Tax Lot: 29
  • Tax Tract Number: 2516
  • TaxOtherAnnualAssessmentAmount: 1178.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Sep 2, 2021
Sold by
Gann Camila
Bought by
Gann James Michael
Seller's Agent
Samuel Park
Park Group Real Estate
Buyer's Agent
Samuel Park
Park Group Real Estate
List Price
$350,000
Sold Price
$372,000
Premium/Discount to List
$22,000
6.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.33%

Purchase Details

Listed on
Aug 12, 2021
Closed on
Aug 26, 2021
Sold by
Shin Young Kyu and Hong Chanock
Bought by
Hamilton Seth Daniel and Gann James Michael
Seller's Agent
Samuel Park
Park Group Real Estate
Buyer's Agent
Samuel Park
Park Group Real Estate
List Price
$350,000
Sold Price
$372,000
Premium/Discount to List
$22,000
6.29%

Purchase Details

Listed on
May 17, 2018
Closed on
Jun 6, 2018
Sold by
Luciano Ferdinand T
Bought by
Chanock Shin Young Kyu and Chanock Hong
Seller's Agent
Zach Harris
Harcourts Prime Properties
Buyer's Agent
Samuel Park
Park Group Real Estate
List Price
$299,900
Sold Price
$299,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.03%
Original Mortgage
$224,250
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2006
Sold by
Damar Llc
Bought by
Damar Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
6.28%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 21, 2005
Sold by
Damar Development Llc
Bought by
Luciano Ferdinand T and Luciano Rochelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
6.28%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 29, 2005
Sold by
Beller Mary Ann
Bought by
Damar Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Stewart Title Of Ca Inc
Interfamily Deed Transfer -- Stewart Title Of Ca Inc
Grant Deed $372,000 Stewart Title Of Ca Inc
Grant Deed $299,000 First American Title Company
Grant Deed $140,000 Stewart Title Co Glendale
Grant Deed $410,000 Orange Coast Title
Grant Deed $140,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $260,400 New Conventional
Previous Owner $224,250 New Conventional
Previous Owner $1,350,000 Construction
Previous Owner $327,920 Negative Amortization
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2025 04/28/25 For Sale $465,000 +25.0% $137 / Sq Ft
09/08/2021 09/08/21 Sold $372,000 0.0% $110 / Sq Ft
08/24/2021 08/24/21 Pending -- -- --
08/19/2021 08/19/21 Off Market $372,000 -- --
08/12/2021 08/12/21 For Sale $350,000 +16.7% $103 / Sq Ft
07/09/2018 07/09/18 Sold $299,900 0.0% $88 / Sq Ft
06/01/2018 06/01/18 Pending -- -- --
05/17/2018 05/17/18 For Sale $299,900 -- $88 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $394,769 $42,448 $352,321
2024 $5,236 $387,029 $41,616 $345,413
2023 $5,042 $379,440 $40,800 $338,640
2022 $4,926 $372,000 $40,000 $332,000
2021 $4,273 $308,140 $61,834 $246,306
2020 $4,228 $304,980 $61,200 $243,780
2019 $4,093 $299,000 $60,000 $239,000
2018 $5,618 $446,300 $26,300 $420,000
2017 $5,420 $425,000 $25,000 $400,000
2016 $5,934 $473,311 $57,721 $415,590
2015 $5,899 $466,201 $56,854 $409,347
2014 $5,864 $457,068 $55,740 $401,328
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR21178441

California Regional Multiple Listing Service (CRMLS)

APN: 0617-293-04