$635,000
SOLD SEP 4, 2024

73456 Desert Trail Dr Twentynine Palms, CA 92277

11 Beds
8 Baths
5,040 Sq Ft
0.45 Acres

Recently Sold

$126 Per Sq Ft

8 Days on Market

Highlights

  • 0.45 Acre Lot
  • Hiking Trails
  • Level Lot
  • No HOA
  • Laundry Room
  • No Heating

About This Home

As of September 2024

Discover this rare gem in the heart of 29 Palms, offering a well maintained 4plex that boasts an excellent rental history. The property is located close to Joshua Tree National Park and the Marine Corps Air Ground Combat Center. Currently fully occupied providing immediate rental income without the hassle of finding renters. All units have their own inside laundry and a fenced backyard and covered parking. Two of the units also come furnished. Don't miss out on this exceptional opportunity to own a fantastic investment property in 29 Palms. Whether you're a seasoned investor or new to real estate investment, this 4plex offers stability, growth, and immediate returns. Facing property is available to purchase as well. APN 0618321030000

Last Agent to Sell the Property

Adam Nogueira

Signature Real Estate Group Brokerage Email: adamnogueirahomes@gmail.com License #01996597 Listed on: 07/05/2024

Last Buyer's Agent

Leo (Jesus) Cruz

Homequest Real Estate License #01830483

Homequest Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,993

Year Built

  • Built in 2006

Lot Details

  • 0.45 Acre Lot
  • 1 Common Wall
  • Level Lot

Home Design

  • Quadruplex

Interior Spaces

  • 5,040 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 8 Bathrooms

Utilities

  • No Heating
  • Conventional Septic

Listing and Financial Details

  • Tax Lot LOT 11
  • Tax Tract Number 3090
  • Assessor Parcel Number 0618321040000
  • $418 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Hiking Trails

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Cable TV Expense $2,259
  • Gardener Expense $880
  • Insurance Expense $2,700
  • Maintenance Expense $2,773
  • Professional Management Expense $6,262
  • Trash Expense $843
  • New Taxes Expense $4,844
  • Operating Expense $46,758
  • Gross Income $69,540
  • Net Operating Income $46,758

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,993

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 10.74
  • Price Per Unit: 158750
  • Professional Management Expense: 6262.00
  • Property Attached: Yes
  • View: No
  • Zoning: Multi Unit
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 880.00
  • Parcel Number: 0618321040000
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Front Door
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 125.99

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Conventional Septic
  • Trash Expense: 843.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Hiking

Lot Info

  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Level
  • Lot Size Sq Ft: 19458.00
  • Lot Size Acres: 0.4467

Multi Family

  • Cable TV Expense: 2259.00
  • Gross Income: 69540.00
  • Gross Scheduled Income: 69540.00
  • Insurance Expense: 2700.00
  • Lot Size Area: 19458.0000 Square Feet
  • Maintenance Expense: 2773.00
  • Net Operating Income: 46758.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 22782.00
  • Rent Control: No
  • Total Actual Rent: 5795.00
  • Total Expenses: 46758.00

Tax Info

  • New Taxes Expense: 4844.00
  • Tax Lot: LOT 11
  • Tax Tract Number: 3090
  • TaxOtherAnnualAssessmentAmount: 418.48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2024
Closed on
Jul 23, 2024
Sold by
Mel Williams Separate Trust and Melvina Williams L
Bought by
Diaz Norma Leticia and Diaz Fermin
Seller's Agent
Adam Nogueira
Signature Real Estate Group
Buyer's Agent
Leo (Jesus) Cruz
Homequest Real Estate
List Price
$635,000
Sold Price
$635,000
Views
18
Current Estimated Value
$632,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,556
Avg. Annual Appreciation
-0.29%
Original Mortgage
$508,000
Outstanding Balance
$503,540
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$129,873

Purchase Details

Closed on
Jun 25, 2020
Sold by
Williams L Melvina
Bought by
Williams L Melvina and Mel Williams Separate Trust

Purchase Details

Listed on
Apr 14, 2017
Closed on
May 2, 2017
Sold by
Williams John B
Bought by
Williams Melvina
Seller's Agent
Steve Enochs
Coldwell Banker Roadrunner
Buyer's Agent
Kimberly Steel
SimpliHOM
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.82%
Original Mortgage
$219,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 14, 2017
Closed on
Apr 28, 2017
Sold by
Dt2tnp Llc
Bought by
Williams Melvina
Seller's Agent
Steve Enochs
Coldwell Banker Roadrunner
Buyer's Agent
Kimberly Steel
SimpliHOM
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 2011
Sold by
Viloria Benny H
Bought by
Dt2tnp Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 2011
Sold by
Viloria Susan D
Bought by
Viloria Benny H

Purchase Details

Closed on
Jun 13, 2011
Sold by
Sunwest Development Llc
Bought by
Viloria Benny H

Purchase Details

Closed on
Mar 28, 2007
Sold by
Rinker David W
Bought by
Sunwest 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
$468,000
Interest Rate
8.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 20, 2007
Sold by
Rinker Janice Lee
Bought by
Rinker David W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
8.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 4, 2004
Sold by
Piva Robert Frank
Bought by
Sunwest Development Llc
Source: Public Records

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Range of Values:

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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
Grant Deed $635,000 Ticor Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $400,000 Fidelity National Title Co
Grant Deed -- First American Title Company
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $250,000 Fidelity National Title Co
Grant Deed -- Accommodation
Interfamily Deed Transfer -- Accommodation
Grant Deed -- Accommodation
Grant Deed $15,000 First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $508,000 New Conventional
Previous Owner $216,750 New Conventional
Previous Owner $219,000 New Conventional
Previous Owner $250,000 Purchase Money Mortgage
Previous Owner $468,000 Unknown
Previous Owner $797,100 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2024 09/04/24 Sold $635,000 0.0% $126 / Sq Ft
09/04/2024 09/04/24 Sold $635,000 0.0% $126 / Sq Ft
07/13/2024 07/13/24 Pending -- -- --
07/13/2024 07/13/24 Pending -- -- --
07/05/2024 07/05/24 For Sale $635,000 0.0% $126 / Sq Ft
07/05/2024 07/05/24 For Sale $635,000 +58.8% $126 / Sq Ft
05/31/2017 05/31/17 Sold $400,000 -5.9% $79 / Sq Ft
04/19/2017 04/19/17 Pending -- -- --
04/14/2017 04/14/17 For Sale $425,000 0.0% $84 / Sq Ft
11/04/2015 11/04/15 Rented $1,250 0.0% --
09/16/2015 09/16/15 For Rent $1,250 -- --
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
2024 $4,993 $455,132 $45,513 $409,619
2023 $4,895 $446,208 $44,621 $401,587
2022 $4,793 $437,459 $43,746 $393,713
2021 $4,742 $428,881 $42,888 $385,993
2020 $4,706 $424,483 $42,448 $382,035
2019 $4,632 $416,160 $41,616 $374,544
2018 $4,523 $408,000 $40,800 $367,200
2017 $3,089 $270,566 $21,645 $248,921
2016 $3,033 $265,261 $21,221 $244,040
2015 $3,138 $261,276 $20,902 $240,374
2014 $3,119 $256,158 $20,493 $235,665
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2405924

California Regional Multiple Listing Service (CRMLS)

APN: 0618-321-04