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    73544 Cedar Drive

    29 Palms, CA 92277
    • $259,000
    • STATUS: Closed
    • ON SITE: 59 days
    • ID#: JT20264011
    Sold - 02/22/2021
    $259,000
    SOLD - 02/22/2021
    • 0
      BEDS
    • 0.52
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,600
      SQFT
    • $162
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    Great investment opportunity. If you have been looking for an income property in the high desert area you don't want to miss this one. This quadruplex is split into two different structures, each has 2 units. There is a 3rd structure that is currently being used as a laundry/ storage room. These units are very easy to rent. They are ideal for an individual or a couple who isn't looking to break the bank. The units are fully occupied. Unit's 1 and 2 have recently upgraded their cooling systems from swamp cooler to mini-split. In addition to the mini-split they also have a wall furnace. Units 3 and 4 are equipped with a swamp cooler and a wall furnace. Each unit only has one shared wall.

    Sold by Justin Schaller of Lion Heart Realty.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-02-28T10:25:50.977. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Jett Real Estate Group | eXp Realty. Licensed in the State of California, USA.

    www.jettrealestate.com/homes/112928371
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    73544 Cedar Drive 29 Palms, CA 92277

    • Price: $279,000
    • Status: Closed
    • Updated: 64 min ago
    • ID#: JT20264011
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.52
    Acres
    1,600
    SQFT
    $162
    $/SQFT
    1947
    Built
    Neighborhood:
    DC726 - Four Corners
    County:
    San Bernardino
    Area:
    DC726 - Four Corners
    Property Description
    Great investment opportunity. If you have been looking for an income property in the high desert area you don't want to miss this one. This quadruplex is split into two different structures, each has 2 units. There is a 3rd structure that is currently being used as a laundry/ storage room. These units are very easy to rent. They are ideal for an individual or a couple who isn't looking to break the bank. The units are fully occupied. Unit's 1 and 2 have recently upgraded their cooling systems from swamp cooler to mini-split. In addition to the mini-split they also have a wall furnace. Units 3 and 4 are equipped with a swamp cooler and a wall furnace. Each unit only has one shared wall.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No Uncovered Spaces 8.00

    Interior Features

    Appliances Refrigerator Appliances YN Yes Average Studio Area 400 Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling ZonedEvaporative Cooling Cooling YN Yes Fireplace Features None Fireplace YN No Flooring TileWood Heating Wall Furnace Heating YN Yes Laundry Features Common Area Levels One Room Type All Bedrooms Down

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Blm/National ForestMountainous Country Us Electric Expense 2900.00 Elevation Units Feet Fuel Expense 777.00 Gross Income 321000.00 Gross Scheduled Income 32100.00 Insurance Expense 1000.00 Land Lease YN No Laundry YN Yes Maintenance Expense 236.00 Net Operating Income 20401.00 New Construction YN No New Taxes Expense 3138.70 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 4 Operating Expense 11699.00 Professional Management Expense 2900.00 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Unknown Special Listing Conditions Standard Total Actual Rent 2675.00 Total Expenses 11669.00 Trash Expense 0.00 Utilities Cable ConnectedElectricity ConnectedWater Connected Water Sewer Expense 717.00 Water Source Public Year Built Source Estimated

    Listing provided courtesy of Steve Enochs of Keller Williams Luxury Homes and Jeffrey Zatlin of Keller Williams Luxury Homes


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-02-28T10:25:50.977. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Jett Real Estate Group | eXp Realty. Licensed in the State of California, USA.

     
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    2603 Camino Ramon #200
    San Ramon CA, 94583