$90,000
●
House -
Off Market
74708 Michaels
29 Palms, CA 92277
1 Bed
1 Bath
768 Ft²
$135,667
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model
About This Property
Vintage cottage could be a vacation rental dream! Built in 1941,
this sweet piece of history is tucked away in the Campbell Hill
area, just down the street from James Cagney's Estate on the hill.
Large picture windows welcome you to glorious desert views from
your fully enclosed sun porch. A cozy stone fireplace awaits you
inside. Rough wood beam ceilings will transport you back in time.
The Kitchen is clean and bright with vintage metal cabinets. A
small hidden cellar is perfect for storage, or turn it into your
very own mini wine cellar! You will want to make this your
full-time home! Convenient detached garage with additional parking
under the attached carport. A bounty of back yard blossoms will
surely steal your heart. Perfectly located to access all of the
area amenities including the Joshua Tree National Park, only 2.5
miles to the Headquarters, a mere 6 miles to the Park Entrance, and
just 4 miles to the Tortoise Rock Casino. And if you or your Guests
like to Golf, it is just around the corner, only 1/2 a mile to the
Road Runner Dunes Golf Course! So much to offer in a sweet little
package. Call an Agent today to schedule a viewing!
Unit Size
768 Ft²
Days on Market
39 days
Land Size
0.64 acres
Price per sqft
$117
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1952
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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 (CRMLS #JT18111888)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 3, 2025 | Sold | ||
| Sold | |||
| Feb 14, 2025 | Price Decreased |
$48,000
↓ $17K
(26.2%) | |
| Price Decreased | |||
| Feb 14, 2025 | In contract | - | |
| In contract | |||
| Dec 2, 2024 | Listed by Joshua Tree Modern | $65,000 | |
| Listed by Joshua Tree Modern | |||
| | |||
|
This property offers a fantastic opportunity with a water meter in place, an electric pole on the property line, and all the amenities of 29 Palms. Plans are available for a "like-for-like" rebuild, making the process easy. The lot is fully fenced, and the sturdy garage is ideal for storing materials during construction. Enjoy beautiful mountain views, dark starry skies perfect for stargazing, and mature landscaping with native ocotillo and Palo Verde trees. Ideal for investors or builders looking for an affordable and rewarding project.
| |||
| Mar 17, 2022 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
Price/ft²
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Listed On
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Sold On
Sold On
HOA + Taxes
About Twentynine Palms
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Listed by: Melissa Shupp, TARBELL REALTORS - PS
Last Updated: 4 months ago
Data Source: CRMLS, MLS# JT18111888
Last Updated: 4 months ago
Data Source: CRMLS, MLS# JT18111888
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