$270,000
●
House -
Off Market
73257 SULLIVAN Road
29 Palms, CA 92277
4 Beds
3 Baths
2,484 Ft²
$461,969
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model
About This Property
Rare opportunity to acquire 2.8 acres of land only ten minutes away
from Joshua Tree National Park and Tortoise Rock Casino. The
property was a vacation home of Olympic gold metal winner and star
actress Esther Williams. It's a huge lot with incredible potential
upside. The main residence has 2bd2ba with about 2,300 SqFt. The
master suite on the second level is truly amazing with high
ceiling, private office and balcony overlooking pool and desert
lights. There's also a detached cottage guest house with 1bd1ba and
cozy living around fireplace. In addition, there's two commercial
outbuildings situated on the other end of the lot which need rehab
to be tuned into magical spacious open living workshops. The lot is
fully fenced and permitted for six horses. Natural Gaz is available
to the property and there's a commercial overlay residential zoning
making it suitable for businesses and discounted utility rates. The
property has a private water well and a historic Esther Williams
pool.
Unit Size
2,484 Ft²
Days on Market
55 days
Land Size
2.83 acres
Price per sqft
$116
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1944
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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: 4 months ago (CLAW #17237696)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 27, 2017 | Sold | ||
| Sold | |||
| Jul 8, 2017 | Listed | $289,000 | |
| Listed | |||
| | |||
|
Rare opportunity to acquire 2.8 acres of land only ten minutes away from Joshua Tree National Park and Tortoise Rock Casino. The property was a vacation home of Olympic gold metal winner and star actress Esther Williams. It's a huge lot with incredible potential upside. The main residence has 2bd2ba with about 2,300 SqFt. The master suite on the second level is truly amazing with high ceiling, private office and balcony overlooking pool and desert lights. There's also a detached cottage guest house with 1bd1ba and cozy living around fireplace. In addition, there's two commercial outbuildings situated on the other end of the lot which need rehab to be tuned into magical spacious open living workshops. The lot is fully fenced and permitted for six horses. Natural Gaz is available to the property and there's a commercial overlay residential zoning making it suitable for businesses and discounted utility rates. The property has a private water well and a historic Esther Williams pool.The manager has listed the unit size as 2484 square feet.
| |||
| Jun 2, 2017 | Listed by Keller Williams Hollywood Hill | $289,000 | |
| Listed by Keller Williams Hollywood Hill | |||
| May 4, 2015 | Sold | ||
| Sold | |||
| Dec 2, 2014 | Listed by Keller Williams Realty | $74,900 | |
| Listed by Keller Williams Realty | |||
| | |||
|
**Highest and Best due by 12PM on 2/12/15** Seller is entertaining all reasonable offers. Two story home with over 2600 sq ft of living space! Main house has 2 bedrooms and 2 baths, family room with brick fireplace, living room with wet bar, large kitchen, covered patio and balcony. Guest cottage has one bedroom and one bath and patio area and kitchen. There is also a detached garage, detached out building perfect for a work room! This is a unique property!
| |||
Property Highlights
Garage
Fireplace
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Twentynine Palms
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Listed by: Tony Dagher, Keller Williams Hollywood Hill
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 17237696
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 17237696
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