73874 S Slope Dr Twentynine Palms, CA 92277
8
Beds
4
Baths
2,808
Sq Ft
0.6
Acres
Highlights
- 0.6 Acre Lot
- Wall Furnace
- 1-Story Property
- Laundry Room
- Back Yard
About This Home
As of February 2023Amazing opportunity to own this 4-Unit Income Property in the up and coming city of 29 Palms. Four well maintained units, consisting of 2 Bedrooms and 1 Bathroom each. Each unit comes with 2 covered carport spaces and own backyard area. Three units currently rented at market rent and one unit is ready for move in, making it a perfect owner user/investor opportunity with a High Cap Rate. Live in one and rent the rest out. Minutes away from military base, Joshua Tree National Park entrance, Downtown and Casino. Prime area in the city of 29 palms.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,793
Year Built
- Built in 1985
Lot Details
- 0.6 Acre Lot
- Two or More Common Walls
- Back Yard
Home Design
- Quadruplex
Interior Spaces
- 2,808 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Parking
- 8 Parking Spaces
- 8 Carport Spaces
Utilities
- Wall Furnace
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 4189
- Assessor Parcel Number 0623093240000
Community Details
Overview
- 4 Units
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,200
- Trash Expense $1,200
- Water Sewer Expense $1,800
- New Taxes Expense $6,500
- Operating Expense $10,700
- Gross Income $57,600
- Net Operating Income $46,900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 9, 2023
Closed on
Feb 24, 2023
Sold by
Causley Family Trust
Bought by
Munguia Josefa
Seller's Agent
Tamas Batyi
Compass
Buyer's Agent
Jeanne Liebel
Real Broker
List Price
$625,000
Sold Price
$614,000
Premium/Discount to List
-$11,000
-1.76%
Views
54
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,764
Avg. Annual Appreciation
0.12%
Purchase Details
Listed on
Aug 31, 2022
Closed on
Sep 18, 2022
Sold by
Krucker Katherine Maree Merkie
Bought by
Causley Family Trust
Seller's Agent
Anthony Bauer
Coldwell Banker Realty
Buyer's Agent
Anthony Bauer
Compass
List Price
$600,000
Sold Price
$525,000
Premium/Discount to List
-$75,000
-12.5%
Views
7
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.41%
Original Mortgage
$390,000
Interest Rate
5.13%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 6, 2020
Sold by
Chase Freda Ann Merkle and Chase Frederick E
Bought by
Krucker Katherine Maree Merkle
Purchase Details
Closed on
Sep 10, 2009
Sold by
Merkle Fred E
Bought by
Merkle Fred E and Merkle Julie Ann
Purchase Details
Closed on
Aug 30, 1994
Sold by
Hud
Bought by
Merkle Fred E and Merkle Julie Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,900
Interest Rate
8.57%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 7, 1994
Sold by
Leader Federal Bank For Svgs
Bought by
Hud
Purchase Details
Closed on
Dec 3, 1993
Sold by
T D Service Company
Bought by
Leader Federal Bank Of Svgs
Similar Homes in Twentynine Palms, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $614,000 | Fidelity National Title | |
| Grant Deed | $522,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $60,000 | Continental Lawyers Title Co | |
| Corporate Deed | -- | Northern Counties Title | |
| Trustee Deed | $132,319 | Fidelity National Title Insu |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $390,000 | New Conventional | |
| Previous Owner | $45,900 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/06/2023 07/06/23 | Rented | $1,200 | 0.0% | -- |
| 06/22/2023 06/22/23 | Price Changed | $1,200 | -7.7% | $2 / Sq Ft |
| 06/12/2023 06/12/23 | For Rent | $1,300 | 0.0% | -- |
| 02/24/2023 02/24/23 | Sold | $614,000 | -1.8% | $219 / Sq Ft |
| 02/13/2023 02/13/23 | Pending | -- | -- | -- |
| 02/09/2023 02/09/23 | For Sale | $625,000 | +19.0% | $223 / Sq Ft |
| 10/03/2022 10/03/22 | Sold | $525,000 | -12.5% | $187 / Sq Ft |
| 09/01/2022 09/01/22 | Pending | -- | -- | -- |
| 08/31/2022 08/31/22 | For Sale | $600,000 | -- | $214 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $6,793 | $626,280 | $125,460 | $500,820 |
| 2023 | $6,660 | $614,000 | $123,000 | $491,000 |
| 2022 | $3,412 | $306,000 | $51,000 | $255,000 |
| 2021 | $2,690 | $235,464 | $47,303 | $188,161 |
| 2020 | $2,668 | $233,050 | $46,818 | $186,232 |
| 2019 | $2,628 | $228,480 | $45,900 | $182,580 |
| 2018 | $1,129 | $88,577 | $17,717 | $70,860 |
| 2017 | $1,116 | $86,841 | $17,370 | $69,471 |
| 2016 | $1,095 | $85,138 | $17,029 | $68,109 |
| 2015 | $1,245 | $83,859 | $16,773 | $67,086 |
| 2014 | $1,239 | $82,216 | $16,444 | $65,772 |
Source: Public Records
Agents Affiliated with this Home
-
Tamas Batyi
Seller's Agent in 2023
Tamas Batyi
Compass
(323) 236-6450
1 in this area
111 Total Sales
-
Venus Doan
Seller's Agent in 2023
Venus Doan
Venus Doan Realty Inc
(760) 368-7530
24 in this area
102 Total Sales
-
Jeanne Liebel
Buyer's Agent in 2023
Jeanne Liebel
Real Broker
(310) 650-5985
1 in this area
76 Total Sales
-
Anthony Bauer
Seller's Agent in 2022
Anthony Bauer
Coldwell Banker Realty
(760) 880-6037
1 in this area
68 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB23022843
APN: 0623-093-24
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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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