$795,000
$30K PRICE DROP

73636 Cactus Dr Twentynine Palms, CA 92277

Estimated payment $5,030/month

Total Views 3,753
1 Bed
2 Baths
3,860 Sq Ft
$206 Price per Sq Ft

Highlights

  • 0.79 Acre Lot
  • Laundry Room
  • 1-Story Property

About This Home

This Six (6) + One (1) Unit Property is located at 73636 Cactus Drive, Twentynine Palms, CA 92277. The property is comprised of Six (6) One-Bedroom / One-Bathroom Units and One (1) Non-Conforming Studio, which was converted from a previously existing Two-Bedroom / Two-Bathroom layout. The buildings total approximately 3,860 square feet and sit on a 0.790 Acre Lot. Originally constructed in 1965, the property has undergone recent renovations including new exterior paint, dual-pane vinyl windows, mini-split installations in select units, a recently paved driveway, and a roof that was replaced within the past few years. One of the property's most compelling features is its DT (Downtown) zoning, which may allow for additional unit development or future site expansion — offering investors a rare opportunity to unlock hidden value and boost long-term returns (buyer to verify with the City).

Listing Agent

Albert Le

LE INVESTMENT GROUP Brokerage Phone: 909-256-7889 License #01468313 Listed on: 05/19/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.79 Acre Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 3,860 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Utilities

  • Conventional Septic

Listing and Financial Details

  • Tax Lot 84
  • Tax Tract Number 2512
  • Assessor Parcel Number 0617114240000
  • $420 per year additional tax assessments

Community Details

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $24,652
  • Gross Income $76,380
  • Net Operating Income $51,728

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • CapRate: 6.51
  • Price Per Unit: 113571
  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 0617114240000
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Floor
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 205.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Conventional Septic
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 34414.00
  • Lot Size Acres: 0.7900

Multi Family

  • Gross Income: 76380.00
  • Gross Multiplier: 9.89
  • Gross Operating Income: 76380.00
  • Gross Scheduled Income: 80400.00
  • Lot Size Area: 34414.0000 Square Feet
  • Net Operating Income: 51728.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 24652.00
  • Rent Control: No
  • Total Expenses: 24652.00
  • Vacancy Allowance: 4020

Tax Info

  • Tax Census Tract: 104.34
  • Tax Lot: 84
  • Tax Tract Number: 2512
  • TaxOtherAnnualAssessmentAmount: 420.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2025 09/17/25 For Sale $795,000 0.0% $206 / Sq Ft
09/16/2025 09/16/25 Off Market $795,000 -- --
06/27/2025 06/27/25 Price Changed $795,000 -3.6% $206 / Sq Ft
05/19/2025 05/19/25 For Sale $825,000 +123.0% $214 / Sq Ft
12/08/2017 12/08/17 Sold $370,000 0.0% $123 / Sq Ft
04/14/2017 04/14/17 For Sale $370,000 0.0% $123 / Sq Ft
09/16/2015 09/16/15 Rented $850 0.0% --
07/29/2015 07/29/15 For Rent $850 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV25111842

California Regional Multiple Listing Service (CRMLS)