29 Palms, CA 92277 73538 Sun Valley Drive

73538 Sun Valley Drive 29 Palms, Ca - Image 173538 Sun Valley Drive 29 Palms, Ca - Image 273538 Sun Valley Drive 29 Palms, Ca - Image 3
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Presented By: Sean Dittmer with C & S Real Estate, Inc.;
  • MLS# JT24077846
  • 04/22/2024
  • Request Tour
  • Request Info
  • BedBeds • 12
  • BathBaths • 8
  • FootageSQFT • 5,120

Home Details

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 $1,650 (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
Presented By: Sean Dittmer with C & S Real Estate, Inc.;

Interior Features for 73538 Sun Valley Drive

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Laundry FeaturesInside, LaundryRoom
Street SuffixDrive
Total Stories1

Other Rooms

Entry Level1

General for 73538 Sun Valley Drive

Additional Parcels Y/NNo
AppliancesDishwasher, GasRange, Microwave, Refrigerator, VentedExhaustFan
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces4.0
Carport Y/NYes
City29 Palms
Community FeaturesHiking, NearNationalForest
CoolingCentralAir
CountySan Bernardino
Days on Market2
DirectionsFrofm hwy 62 turn North onto Adobe, left on Sun Valley. The property is on the NW corner of Bagley and Sun Valley
Entry Locationfront door
Garage Spaces0.0
Garage Y/NNo
Gross Income77700.0
HOA0.0
HOA / Comm AssnNo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense5055.0
Land Lease Amount0.0
Land Lease Y/NYes
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, Conventional, Item1031Exchange, Submit
Lot Size Square Feet23651.0
MLS AreaDC726 - Four Corners
MobileHomeRemainsYNNo
Net Operating Income70477.0
New ConstructionNo
Number of Units Leased4
Operating Expense7223.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerSepticTank
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameSun Valley
Tax Lot34
Tenant PaysCableTV, Electricity, Gas
Total Actual Rent6475.0
Total Units4
Trash Expense375.0
UtilitiesElectricityConnected, NaturalGasConnected, WaterConnected
View Y/NNo
Virtual TourClick here
Water Sewer Expense1793.0
Waterfront Y/NNo
Year Built2005
Year Built SourceAssessor

Exterior for 73538 Sun Valley Drive

Building Area Total5120.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot
Lot Size Acres0.543
Lot Size Area23651.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesCarport
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $839,000
MLS#JT24077846
List Date 04/22/2024
Property Type Multi-Family
Phone 714.964.3311
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Request Info
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