Listed by: David De Gracia, HomeSmart
$22,000
●
Land -
Off Market
64600 29 Palms Highway
Joshua Tree, CA 92252
Studio
0 Bath
$128
Est. Monthly
About This Property
WATER METER PAID! SELLER WILLING TO FINANCE WITH 50% DOWN!
Attention all investors! Do not miss the opportunity to own this
beautiful piece of Commercial Land perfect for your business or to
buy and hold in the fast growing city of Joshua Tree, CA. This 0.53
Acre/ 23300 sqft lot is located near Hi-Desert Medical Center,
Government buildings, and downtown Joshua Tree with Highway
frontage. Zoned NC (Neighborhood Commercial) with Potential
allowable uses, per San Bernardino County including: Commercial
entertainment - Indoor/oursdoor Commercial entertainment,
Fitness/health facility, Convenience store, Groceries, specialty
foods, Night club, Shopping center, Transportation facility. The
high desert is the new hot spot, and it's growing faster than ever.
Come take a piece of it too.
Unit Size
-
Days on Market
54 days
Land Size
0.53 acres
Price per sqft
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Property Type
Land
Property Taxes
-
HOA Dues
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Year Built
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #219118877DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 18, 2024 | Sold | ||
| Sold | |||
| Dec 9, 2024 | In contract | - | |
| In contract | |||
| Nov 28, 2024 | Price Decreased |
$26,000
↓ $1K
(3.7%) | |
| Price Decreased | |||
| Nov 23, 2024 | Price Decreased |
$27,000
↓ $3K
(10%) | |
| Price Decreased | |||
| Oct 24, 2024 | Listed by HomeSmart | $30,000 | |
| Listed by HomeSmart | |||
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About San Bernardino
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Listed by: David De Gracia, HomeSmart
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219118877DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219118877DA
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