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    29 Palms Quadruplex Investment Property Title is generated by Realmo AI

    73615 Sun Valley Drive, 29 Palms, CA 92277

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    For Sale
    $530,000

    Ranch, Quadruplex - 29 Palms, CA

    Type:Quadruplex
    Property size:
    3,172 SF
    Lot size:
    12,000.00 Acres
    Price / SF:
    $167/SF
    Added:
    May 4, 2026
    Days on Market:
    28
    Last Refresh:
    May 31 at 4:06 pm

    Property Features for 73615 Sun Valley Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen
    Parking
    4
    Parking features
    Carport
    Interior features
    Tile Counters, Carbon Monoxide Detector(s)
    Exterior features
    Community Features Included: Rural, Desert Back, Desert Front, Lot 10000-19999 Sqft
    Appliances
    Oven - Gas
    Standard status
    Active
    APN
    0618292050000
    Size
    3,172 SF
    Lot size
    12,000.00 Acres

    Utilities

    Heating system
    Central, Forced Air
    Cooling system
    Central Air, Evaporative Cooling

    Building Details

    Year built
    1976
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Carpet, Laminate
    Building materials
    Frame, Stucco
    Roof type
    Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Reggie McAtee

    Listing agent Reggie McAtee License #01503436

    Listing office Libby's Realty 73389 Twentynine Palms Hwy., 29 Palms, CA

    Listing date May 4, 2026

    MLS# JT26094771 Listing URL

    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.

    HighLights

    • 4‑Plex Investment Property: Ideal for generating rental income
    • Two recently renovated units ready to rent
    • Each unit has both air conditioning and swamp cooler
    • Centrally located, convenient to amenities and transportation
    • Open floor plan with spacious layout
    • Parking available for residents

    Overview

    This is a 4-plex investment property featuring two bedrooms and one bathroom in each unit. The property is centrally located, offering convenient access to amenities and transportation. The front two units have been recently renovated and are ready to be re-rented. The units feature an open floor plan and a spacious layout. Each unit is equipped with its own air conditioning and swamp cooler. This property is suited for investors looking to renovate and generate rental income, presenting an opportunity to upgrade and add value. Parking is available for residents. The property is located close to schools, shopping, and public transit. The lot size is approximately 0.28 acres, and the property size is 3,172 square feet.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $49.1k $15.48
    − Vacancy −$2.9k −$0.91
    EGI $46.2k $14.57
    − OpEx −$13.9k −$4.37
    NOI $32.3k $10.20
    3,172 SF · lease $15.48/SF/yr · vacancy 5.89% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $462.1K
    $404.3K – $539.1K (±1% cap)
    NOI $32,347 @ 7.0% cap · market cap 6.10%
    Second Best
    Apartment 5plus
    $401.2K
    $351.0K – $468.0K (±1% cap)
    NOI $28,081 @ 7.0% cap · market cap 5.30%
    Theoretical Best
    Office A
    $669.1K
    $585.5K – $780.6K (±1% cap)
    NOI $46,836 @ 7.0% cap · market cap 8.84%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    29 Palms
    County
    State
    California
    Longitude
    -116.0561281
    Latitude
    34.1438804

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    FAQs

    What type of property is this?
    Quadplex - Centrally located 4-plex with renovation potential and income generation.
    Where is this quadplex located?
    The property is located at 73615 Sun Valley Drive 29 Palms, CA.
    What is the asking price?
    The asking price for this property is $530,000.
    What are key features of this property?
    This property features: 4‑Plex Investment Property: Ideal for generating rental income; Two recently renovated units ready to rent; Each unit has both air conditioning and swamp cooler
    (760) 367-9521
    We can help!
    Listing Contact
    Reggie McAtee
    Real Estate License ID: 01503436
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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