6419 Mariposa Ave - Apartments FOR SALE


Twentynine Palms, CA 92277
$1,399,000 USD
714-814-2088
6419 Mariposa Ave, Twentynine Palms, CA for Sale
$1,399,000 USD
Apartments - FOR SALE
1/13
null | 7.28% Cap Rate

6419 Mariposa Ave
Twentynine Palms, CA 92277


HIGHLIGHTS

  • ProForma CAP Rate of 8.81% With a ProForma GRM of 7.11 & Current CAP Rate of 7.28% / New Interior & Exterior Renovations
  • Wrought Iron Fencing Around the Property / New Vinyl Fencing Giving Each Tenant Private Backyards / New Interior & Exterior Paint
  • New Vinyl Flooring for Each Unit / Washer / Dryer Hookups Installed for Each Unit / New Split Heating / AC Units for Each Unit
  • New Water Heaters for Majority of the Units / New Windows for Each Unit / Within Minutes from Many Major Regional Employers Located Minutes Away from
  • Home to the Famous Joshua Tree Music Festival Showcasing a Variety of Genres and Often Features Local and Regional Artists

OVERVIEW

This 12 Unit Apartment Community is located on 6419 Mariposa Avenue, Twentynine Palms, CA 92277 . The property consists of Three (3) Studios, Five (5) One- Bedroom / One Bathroom Units, Two (2) Two- Bedroom / One Bathrooms Units, One (1) Two-Bedroom / Two Bathroom Unit, & One (1) Three-Bedroom / One Bathroom Unit. Pride of ownership has been a priority for current ownership as many interior and exterior renovations have been done to the property over the last few years. The properties are currently is situated on a large 2.64 Acre Lot. Twentynine Palms is a city located in the Mojave Desert of Southern California, known for its proximity to Joshua Tree National Park, a renowned destination for desert landscapes and outdoor activities. The city serves as a gateway to the national park and offers a variety of services and accommodations to visitors. Twentynine Palms is also home to a thriving arts community, a military presence with the Twentynine Palms Marine Corps Base, and several cultural and natural attractions in the surrounding area, making it a hub for nature enthusiasts, artists, and those seeking a desert adventure.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

12

PRICE/UNIT

$116,583

CAP RATE

7.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mariposa Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.64 AC

LAND SF

114,998 SF

ZONING

CT

APN/PARCEL ID

0615-103-03

ASK ABOUT THIS PROPERTY

Albert LeLe Investment GroupMore Info
714-814-2088

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Albert LeLe Investment GroupMore Info
714-814-2088

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.