Twentynine Palms 13-Unit Portfolio 2 biens | Immeuble residentiel | À vendre | 1 220 227 € | Twentynine Palms, CA

13 Units | 8.3% CAP | Strong Upside | Twentynine Palms, CA

Athol & Yucca Apartments is a 13-unit multifamily portfolio located at 6321 Yucca Ave (7 units) and 6424 Athol Ave(6 units) in Twentynine Palms, CA — just minutes from Joshua Tree National Park and the Marine Corps Base, a major regional economic driver.

YUCCA consists of 5 two-bedroom, one-bath units and 2 studios, situated on a 0.19-acre lot. ATHOL consists of 5 two-bedroom, one-bath units and 1 studio, on a 0.11-acre lot.

Utilities: All 2BD units are on separately metered gas and electric (tenant-paid). The owner pays for trash, septic, water, and studio unit utilities, as well as common area electric and laundry room service.

Affordable Housing Component: 6 of the 13 units fall under an Affordable Housing program with rent caps — compliance expires in 2035. Current rents are close to or below cap and still cash flow well.

At Athol, the “Low Income” unit rents for $1,064 (cap: $1,616), and the “Very Low Income” units rent for $1,131 and $1,128 (cap: $1,237). At Yucca, the “Low Income” unit rents for $1,450. Remaining 7 units are unrestricted and currently rent at $1,145–$1,150, below market comps of $1,250–$1,350 for 2BD/1BA in the area.

With a current CAP rate of 8.3%, dependable tenancy, and upside in both rents and long-term value, Athol & Yucca offers an excellent opportunity for investors seeking cash flow with upside potential in a growing market.