Two-Unit Duplex with
For Sale
$225,000
Pending
6450 Athol, 29 Palms, CA 92277
29 Palms, CA
Property Size968 SF
Lot Size0.11 Acres
Days on Market148
Property Features for 6450 Athol
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Parking
4
Parking features
Driveway
Patio and Porch features
Patio
Lot features
0-1 Unit/ Acre
Elementary school district
Morongo Unified
Middle school district
Morongo Unified
High school district
Morongo Unified
Directions
10 East, Exit 117 Hiway 62, 43 miles to exit Athol on left.
Subdivision
DC726 - Four Corners
Standard status
Pending
APN
0623031080000
Size
968 SF
Lot size
0.11 Acres
Utilities
Heating system
Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
patio
Building Details
Year built
1958
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Listing Agency:
Century 21 Masters · Berkshire Hathaway HomeServices
(888) 862-1194
Listed By:
Wendy McGowan · License #01446983
(909) 996-9626
Added: Apr 5
Changed: Aug 24
Last Checked: Aug 30 at 11:06AM
MLS# SW26087527
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains two one-bedroom, one-bath residences within 968 square feet. Each unit includes a private patio, while the property also provides driveway parking and a laundry room. Interior finishes include vinyl and carpet flooring, with wall furnace heating and wall or window unit cooling. Public water serves the property, which was built in 1958.
Located at 6450 Athol in 29 Palms, the property is near retail, dining, and schools. Yucca Valley is described as being minutes away, with antique shops and additional dining options. Both residences are currently rented, providing an existing income-producing configuration for an owner or investor.
Located at 6450 Athol in 29 Palms, the property is near retail, dining, and schools. Yucca Valley is described as being minutes away, with antique shops and additional dining options. Both residences are currently rented, providing an existing income-producing configuration for an owner or investor.
Key Highlights
- Two one‑bedroom, one‑bath units totaling 968 square feet
- Each residence includes its own patio
- Driveway parking and laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,871
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$197,420
$197.4K
Cap Rate 7%
$141,014
$141.0K
Cap Rate 9%
$109,678
$109.7K
Market Conditions
NOI Build-Up for 968 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$15.0K $15.48/SF
− Vacancy
−$883 −$0.91/SF
EGI
$14.1K $14.57/SF
− OpEx
−$4.2K −$4.37/SF
NOI
$9.9K $10.20/SF
Area
San Bernardino County, CA
Vacancy
5.89%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$197,420
Cap Rate 7%
$141,014
Cap Rate 9%
$109,678
Alternative Uses
Best Use
Multifamily LT 5
$141.0K
$123.4K – $164.5K
NOI $9,871 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$122.4K
$107.1K – $142.8K
NOI $8,570 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$204.2K
$178.7K – $238.2K
NOI $14,293 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Explore this area
Business Placement
Demographics for 92277, CA
23,988
Population
13,657
Households
1.8
Avg Household Size
30
Median Age
25%
College-Educated
93%
High-School Grad
1,599.1 sq mi
ZIP Area
15
Density / Sq Mi
$55,515
Median Household Income
$40,928
Median Earnings
$1,267
Median Rent
$224,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing property with two one-bedroom, one-bath residences and driveway parking.
Where is this duplex located?
The property is located at 6450 Athol 29 Palms, CA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bath units totaling 968 square feet; Each residence includes its own patio; Driveway parking and laundry room
