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73538 Sun Valley DR 29 Palms, CA 92277
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Key Details
Sold Price $638,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,120 sqft
Price per Sqft $124
MLS Listing ID JT25030462
Sold Date 02/10/25
Construction Status Turnkey
HOA Y/N No
Year Built 2005
Lot Size 0.543 Acres
Acres 0.543
Property Sub-Type Quadruplex
Property Description
Maximize your investment portfolio with this impeccably maintained 4plex, strategically located in 29 Palms, California. Each unit in this complex offers a spacious 1,280 sqft layout with 3 bedrooms and 2 baths, presenting an ideal living arrangement that attracts and retains tenants. Stable Income Generation: Monthly rents are attractive with Unit 1 at $1,625, Unit 2 at $1,500 (recently remodeled), Unit 3 at $1,575, and Unit 4 at $1,625. Low Overhead: As the landlord, you are only responsible for water and trash services, each unit offers its own electric and gas meters enhancing net operational income. High Tenant Demand: The desirable floor plans feature open-concept living areas, large kitchens with ample storage and counter space, luxury vinyl plank flooring throughout, and each unit has its own laundry room increasing tenant appeal and supporting premium rental pricing. Quality Upgrades: All units boast large stainless steel sinks, upgraded faucets, modern water heaters, and updated lighting fixtures. Units 1 and 2 have been upgraded with a new 2,500-gallon concrete septic tank. Enhanced Tenant Comfort: Features dual-pane windows with treatments, annually serviced central HVAC systems, and new water-efficient toilets to ensure a comfortable living environment. Additional Amenities: large carports for parking and each unit has an additional exterior storage. Unit 4 offers a large fenced backyard for added privacy and outdoor enjoyment. Owner Pride & Maintenance: The current owner's commitment to excellence is evident, with regular upgrades and meticulous maintenance ensuring the property remains in top condition. This dedication not only preserves the property's value but also keeps occupancy rates high. This 4plex represents a turnkey solution for investors seeking a property that combines high yield with low maintenance in a growing market. The consistent upkeep and strategic updates have positioned this property as a superior offering in the local real estate market. To view each unit virtually copy and paste the URL into your search browser.
Unit 1: https://my.matterport.com/show/?m=rJ9dQZsEpEP
Unit 2: coming soon
Unit 3: https://my.matterport.com/show/?m=1jQkbfg7wB9
Unit 4: https://my.matterport.com/show/?m=acW3pJm6qQG
Location
State CA
County San Bernardino
Area Dc726 - Four Corners
Rooms
Other Rooms Kitchen, Laundry, Living Room
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplaces Type None
Appliance Dishwasher, Gas Range, Microwave, Refrigerator, Vented Exhaust Fan
Laundry Individual Room, Inside
Exterior
Parking Features Carport
Pool None
Community Features BLM/National Forest, Hiking
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Private Pool No
Building
Lot Description Corner Lot
Story 1
Sewer Conventional Septic
Water Public
Level or Stories One
New Construction No
Construction Status Turnkey
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
TERMS 1031 Exchange,Cash,Conventional,Submit
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Other
SHOW INSTRUCTIONS Property entered into MLS for comp purposes.
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Bought with C & S Real Estate, Inc.