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This multifamily asset in 29 Palms, California, is currently offered for sale to investors seeking a stabilized income stream in a growing desert market. The property consists of a four-unit apartment building, providing a straightforward addition to a rental portfolio. Situated near the base of Joshua Tree National Park and the Marine Corps Air Ground Combat Center, the location benefits from consistent demand driven by military personnel and regional tourism. The area serves as a primary hub for the high desert economy, supporting a diverse population of permanent residents and visitors alike. A 6.4% cap rate positions this building as a functional vehicle for capital preservation or long-term yield. With its current configuration, the asset is well-suited for hands-on management or a value-add approach to modernize interior finishes. Buyers looking for residential rental scale in the Inland Empire region will find this property aligns with local housing needs.
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