6607 Palo Verde Avenue

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6607 Palo Verde Avenue

29 Palms, CA 92277
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multi-family apartment building located in 29 Palms, California
  • Asset contains a total of three individual units
  • Property situated at the address of 6607 Palo Verde Avenue
  • Region supported by military operations and regional tourism
  • Small residential footprint ideal for streamlined management operations

What's Special

Investors seeking to expand their residential portfolio can consider this 3-unit multifamily apartment building situated at 6607 Palo Verde Avenue in 29 Palms, California. This asset provides a straightforward income-generation vehicle in a region known for its proximity to Joshua Tree National Park and the Marine Corps Air Ground Combat Center, which drive consistent local housing demand. The property is positioned within the high desert landscape of San Bernardino County, an area that has experienced steady interest from individuals relocating for military service or remote work opportunities. Multi-family properties of this scale serve as stable holdings for those looking to manage a small residential cluster. The layout is suitable for rental operations aimed at long-term residents or service members stationed nearby. Given the consistent economic influence of the local military installation and the regional tourism sector, this building represents a functional addition to a diverse real estate investment strategy.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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