Quadplex with Renovated
For Sale
$530,000
73615 Sun Valley Dr, Twentynine Palms, CA 92277
Two front units have been recently renovated and are ready for new tenants.
Property Size3,172 SF
Days on Market113
Property Features for 73615 Sun Valley Dr
General Information
Standard status
Active
Size
3,172 SF
Property subtype
Investment
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Building Details
Building Size
3,172 SF
Year Built
1976
Buildings
1
Stories
1
Units
4
Listing Agency:
Libby's Realty
(760) 285-8100
Listed By:
Reggie McAtee · License #01503436
(760) 285-8100
Source:
Elliman
Added: May 10
Changed: Aug 29
Last Checked: Aug 29 at 8:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Libby's Realty
Investment Insights
Based on property information with market context.
Built in 1976, this quadplex contains four residential units, each arranged with two bedrooms, one bathroom, and an open floor plan. The two front residences have undergone recent renovation and are ready for occupancy, while the other units offer additional scope for upgrades. Individual air conditioning systems and swamp coolers serve each unit, giving residents separate temperature-control options. On-site parking is available for residents.
The property is located at 73615 Sun Valley Dr in Twentynine Palms, with access to local amenities, schools, shopping centers, and public transportation. WalkScore is 24, classified as Car-Dependent, and BikeScore is 30, classified as Somewhat Bikeable.
The property is located at 73615 Sun Valley Dr in Twentynine Palms, with access to local amenities, schools, shopping centers, and public transportation. WalkScore is 24, classified as Car-Dependent, and BikeScore is 30, classified as Somewhat Bikeable.
Key Highlights
- Four‑unit quadplex with 2 bedrooms and 1 bathroom per unit
- Front two units recently renovated and ready for new tenants
- Each unit has its own air conditioning system and swamp cooler
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
$32,347
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
6.10%
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%
$646,940
$646.9K
Cap Rate 7%
$462,100
$462.1K
Cap Rate 9%
$359,411
$359.4K
Market Conditions
NOI Build-Up for 3,172 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
$49.1K $15.48/SF
− Vacancy
−$2.9K −$0.91/SF
EGI
$46.2K $14.57/SF
− OpEx
−$13.9K −$4.37/SF
NOI
$32.3K $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%
$646,940
Cap Rate 7%
$462,100
Cap Rate 9%
$359,411
Alternative Uses
Best Use
Multifamily LT 5
$462.1K
$404.3K – $539.1K
NOI $32,347 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$401.2K
$351.0K – $468.0K
NOI $28,081 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$669.1K
$585.5K – $780.6K
NOI $46,836 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
306
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Two front units have been recently renovated and are ready for new tenants.
Where is this quadplex located?
The property is located at 73615 Sun Valley Dr Twentynine 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: Four‑unit quadplex with 2 bedrooms and 1 bathroom per unit; Front two units recently renovated and ready for new tenants; Each unit has its own air conditioning system and swamp cooler
