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66400 29 Palms Highway
About This Property
Imagine building a multifamily residence where residents can enjoy the stunning natural beauty and unique attractions of Joshua Tree. Just minutes away, Joshua Tree National Park offers endless opportunities for hiking, rock climbing, and stargazing under some of the clearest skies in Southern California. The nearby Copper Mountain College provides educational opportunities and a vibrant campus life, while the Hi-Desert Medical Center ensures top-notch healthcare services are always within reach.
Prospective buyers should verify the availability of all utilities. The address provided is fictitious and intended for syndication purposes only. Seize this chance to be part of the Joshua Tree community and create a space that blends nature and convenience.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 22, 2026 | Listed by Cherie Miller & Associates | $35,000 | |
| Listed by Cherie Miller & Associates | |||
| Oct 10, 2024 | Relisted | $50,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Apr 23, 2024 | Listed | $50,000 | |
| Listed | |||
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Discover the perfect opportunity to invest in a prime piece of Joshua Tree real estate. This 43,560-square-foot parcel, zoned for Residential Multi-Family use, offers an ideal location for those looking to develop in a thriving community.
Imagine building a multifamily residence where residents can enjoy the stunning natural beauty and unique attractions of Joshua Tree. Just minutes away, Joshua Tree National Park offers endless opportunities for hiking, rock climbing, and stargazing under some of the clearest skies in Southern California. The nearby Copper Mountain College provides educational opportunities and a vibrant campus life, while the Hi-Desert Medical Center ensures top-notch healthcare services are always within reach.
Prospective buyers should verify the availability of all utilities. The address provided is fictitious and intended for syndication purposes only. Seize this chance to be part of the Joshua Tree community and create a space that blends nature and convenience.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017