$410,000
SOLD APR 7, 2022

6757 Adobe Rd Twentynine Palms, CA 92277

3 Beds
5 Baths
2,160 Sq Ft
0.41 Acres

Recently Sold

$190 Per Sq Ft

5% Below List Price

87 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • 1-Story Property
  • Private Yard
  • Rectangular Lot

About This Home

As of April 2022

Nice 4 plex unit in the heart of downtown 29 Palms. The property consists of (2) studio apartments rented at $500 and $600, (1) 1 Bedroom apartment rented at $700, and (1) 2 Bedroom rented at $750 with most tenants on a month-to-month lease and room for rental price improvements. Right off of Adobe Rd. and a close commute to the 29 Palms Marine base, or the Tortoise Rock Casino. Also, a very close drive to the Joshua Tree National Park visitor center and entrance in 29 Palms. Bullet proof block slump stone construction with red tile roof, and lots of lush plants throughout the grounds of the property. Plenty of upgrades and in well-kept condition. Newer paint and updated cabinetry and counter tops in most of the units, with hard surface flooring. There is also a pull through driveway and plenty of available open parking spaces as well as 2 car garage spaces. 4 sperate electric meters, and Owner pays for water and trash. This property has been a long-time investment property and comes in turnkey condition with existing tenants for an instant return on investment. Expected to sell quickly in this hot market. Do not let this opportunity pass you by like a desert breeze! **All financials are only an estimate and can be different for every loan scenario**

Last Agent to Sell the Property

Zach Harris

Harcourts Prime Properties License #01445560 Listed on: 12/03/2021

Harcourts Prime Properties

Last Buyer's Agent

Justin Swaby

Keller Williams Luxury Homes License #01989387

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,693

Year Built

  • Built in 1946

Lot Details

  • 0.41 Acre Lot
  • No Common Walls
  • Rectangular Lot
  • Level Lot
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 2,160 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Conventional Septic

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 4
  • Tax Tract Number 2452
  • Assessor Parcel Number 0617271030000
  • $217 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • Trash Expense $888
  • Water Sewer Expense $900
  • Operating Expense $2,300
  • Gross Income $30,900
  • Net Operating Income $29,112

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,693

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 107475
  • Property Attached: No
  • Water Sewer Expenses: 900.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 0617271030000
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 189.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Conventional Septic
  • Trash Expense: 888.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Near Public Transit, Yard
  • Lot Size Sq Ft: 18000.00
  • Lot Size Acres: 0.4132

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 30900.00
  • Gross Scheduled Income: 30900.00
  • Insurance Expense: 600.00
  • Lot Size Area: 18000.0000 Square Feet
  • Net Operating Income: 29112.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 1788.00
  • Rent Control: Yes
  • Total Expenses: 2300.00

Tax Info

  • Tax Census Tract: 104.21
  • Tax Lot: 4
  • Tax Tract Number: 2452
  • TaxOtherAnnualAssessmentAmount: 217.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2022
Sold by
Kyle James
Bought by
Kyle Bridget A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2022
Sold by
Kyle Bridget A
Bought by
Gilbert Gregory K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2002
Sold by
Harris Virginia M
Bought by
Kyle Bridget A
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
Deed -- Landwood Title
Grant Deed $410,000 Landwood Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $300,000 New Conventional
Previous Owner $300,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2025 05/14/25 Price Changed $432,000 -1.8% $200 / Sq Ft
03/21/2025 03/21/25 Price Changed $440,000 -5.2% $204 / Sq Ft
12/17/2024 12/17/24 Price Changed $464,000 -0.2% $215 / Sq Ft
07/07/2024 07/07/24 For Sale $465,000 +13.4% $215 / Sq Ft
04/07/2022 04/07/22 Sold $410,000 -4.6% $190 / Sq Ft
02/28/2022 02/28/22 Pending -- -- --
02/23/2022 02/23/22 For Sale $429,900 0.0% $199 / Sq Ft
01/25/2022 01/25/22 Pending -- -- --
12/03/2021 12/03/21 For Sale $429,900 -- $199 / 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 $4,693 $435,095 $63,672 $371,423
2024 $4,693 $426,564 $62,424 $364,140
2023 $4,600 $418,200 $61,200 $357,000
2022 $692 $47,077 $6,774 $40,303
2021 $682 $46,154 $6,641 $39,513
2020 $674 $45,681 $6,573 $39,108
2019 $666 $44,785 $6,444 $38,341
2018 $654 $43,907 $6,318 $37,589
2017 $646 $43,046 $6,194 $36,852
2016 $633 $42,202 $6,073 $36,129
2015 $794 $41,568 $5,982 $35,586
2014 $791 $40,754 $5,865 $34,889
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: JT21258747

California Regional Multiple Listing Service (CRMLS)

APN: 0617-271-03