NOT LISTED FOR SALE

6671 Ocotillo Ave Twentynine Palms, CA 92277

Estimated Value: $455,000 - $606,046

2 Beds
2 Baths
3,396 Sq Ft
$154/Sq Ft Est. Value

Last Sold June 19, 2019

Last sale price $307,500 $91 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $3,123/month

77 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Laundry Room
  • Central Air

About This Home

As of June 2019

Excellent turn key investment opportunity in a great rental location. 29 Palms Marine Base and the newly expanding Tortoise rock casino, along with Joshua Tree National Park and the MCCS keep a well number of qualified tenants in the area. There has been very low vacancy rate (almost 100% occupancy for quite some time) and the properties are in fantastic condition. The exterior features a stucco finish with a tile roof and dual pane windows. All of the units are a large 1100+ sq. ft with an open concept living room and kitchen, and ample size rooms. There are 2 bedrooms and also 2 full bathrooms in each unit. There is also an indoor laundry area in each unit with washers/dryers and refrigerators included for all 3 units. Full occupancy makes this a no brainer for an instant return on your investment, and low maintenance expenses. Do not let this fantastic opportunity pass you by!

Last Agent to Sell the Property

Zach Harris

Harcourts Prime Properties License #01445560 Listed on: 03/04/2019

Harcourts Prime Properties

Last Buyer's Agent

Zach Harris

Harcourts Prime Properties License #01445560 Listed on: 03/04/2019

Harcourts Prime Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,743

Year Built

  • Built in 2006

Lot Details

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

Home Design

  • 3,396 Sq Ft Home
  • Property Attached

Kitchen

  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Suburban Location

Utilities

  • Central Air
  • Natural Gas Connected
  • Water Heater
  • Conventional Septic
  • Sewer Not Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 28
  • Tax Tract Number 2516
  • Assessor Parcel Number 0617293030000

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $650
  • New Taxes Expense $5,934
  • Operating Expense $6,584
  • Gross Income $22,649
  • Net Operating Income $22,649

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,743

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 650.00
  • Property Type: Residential Income
  • Parcel Number: 0617293030000
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 90.55
  • Room Type: All Bedrooms Down, Master Bathroom, Master Bedroom

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Cable Available, Natural Gas Connected, Sewer Not Available, Water Connected
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Gas Cooktop, Refrigerator, Water Heater
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Washer Included
  • Sewer: Conventional Septic
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

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

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 22649.00
  • Gross Scheduled Income: 30874.00
  • Lot Size Area: 17500.0000 Square Feet
  • Net Operating Income: 22649.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 8224.00
  • Rent Control: No
  • Total Expenses: 6584.00

Tax Info

  • New Taxes Expense: 5934.00
  • Tax Census Tract: 104.21
  • Tax Lot: 28
  • Tax Tract Number: 2516

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2021
Sold by
Nassif Rabih
Bought by
Nassif Rabih and Nassif Ocotillo Living Trust
Current Estimated Value
$513,366

Purchase Details

Listed on
Mar 4, 2019
Closed on
May 22, 2019
Sold by
Daniel William C and Daniel Lisa M
Bought by
Nassif Rabih
Seller's Agent
Zach Harris
Harcourts Prime Properties
Buyer's Agent
Zach Harris
Harcourts Prime Properties
List Price
$309,900
Sold Price
$307,500
Premium/Discount to List
-$2,400
-0.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.62%
Original Mortgage
$230,000
Outstanding Balance
$203,063
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$337,272

Purchase Details

Closed on
Nov 7, 2011
Sold by
Damar Development Llc
Bought by
Daniel William C and Daniel Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.06%
Mortgage Type
Purchase Money Mortgage

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
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 Buyer Sale Price Title Company
Nassif Rabih -- None Available
Nassif Rabih $307,500 First American Title Company
Daniel William C $135,000 First American Title Company
Damar Development Llc $140,000 Stewart Title Co Glendale
Damar Llc $140,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nassif Rabih $230,000
Previous Owner Daniel William C $99,504
Previous Owner Daniel William C $105,000
Previous Owner Damar Development Llc $250,000
Previous Owner Damar Development Llc $1,350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2019 06/19/19 Sold $307,500 -0.8% $91 / Sq Ft
05/20/2019 05/20/19 Pending -- -- --
03/04/2019 03/04/19 For Sale $309,900 -- $91 / 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 $3,743 $343,022 $27,888 $315,134
2024 $3,743 $336,296 $27,341 $308,955
2023 $3,670 $329,702 $26,805 $302,897
2022 $3,593 $323,237 $26,279 $296,958
2021 $3,554 $316,899 $25,764 $291,135
2020 $3,526 $313,650 $25,500 $288,150
2019 $1,811 $152,008 $16,889 $135,119
2018 $1,771 $149,028 $16,558 $132,470
2017 $1,752 $146,106 $16,233 $129,873
2016 $1,720 $143,241 $15,915 $127,326
2015 $1,776 $141,089 $15,676 $125,413
2014 $1,766 $138,325 $15,369 $122,956
Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2019

    Zach Harris

    Harcourts Prime Properties

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: JT19048713

California Regional Multiple Listing Service (CRMLS)

APN: 0617-293-03

California San Bernardino County Twentynine Palms 92277

6671 Ocotillo Ave, Twentynine Palms, CA

This home is located at 6671 Ocotillo Ave, Twentynine Palms, CA 92277 since 04 March 2019 and is currently estimated at $522,512, approximately $153 per square foot. This property was built in 2006. 6671 Ocotillo Ave is a home located in San Bernardino County with nearby schools including Palm Vista Elementary School, Twentynine Palms Junior High School, and Twentynine Palms High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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