Upgraded Duplex with Private
New
For Sale
$319,000
6010 Ocotillo Avenue, 29 Palms, CA 92277
Residential Income, 29 Palms, CA
Property Size2,401 SF
Lot Size0.19 Acres
Price / SF$132.86
Days on Market1
Property Features for 6010 Ocotillo Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 5
Parking
6
Parking features
Assigned, Carport, Covered
Fireplace
1
Lot features
Back Yard, Front Yard, Corner Lot, Back Yard, Front Yard, Corner Lot
Subdivision
DC726 - Four Corners
Standard status
Active
APN
0623081130000
Size
2,401 SF
Lot size
0.19 Acres
Utilities
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Evaporative Cooling
Amenities
fireplace
laundry room
fenced backyards
covered carport
storage closets
Building Details
Year built
1979
Floors in Building
1
Number of units
2
Architectural style
Modern
Listing Agency:
Equity Union
(760) 621-0395
Listed By:
Laura M Clark
(760) 851-9382
Added: Sep 4
Last Checked: Sep 4 at 11:06PM
MLS# 219152320
Copyright © 2026 California Desert Association of REALTORS®. 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 modern-style duplex, built in 1979, contains two separate residences totaling 2,401 square feet. Each unit has two conventional bedrooms, a flexible third room, one bathroom, a fireplace, a dedicated laundry room, and a private fenced backyard. Shared improvements include a covered carport and individual storage closets. The property is served by forced-air heating, evaporative cooling, and a septic tank system.
Recent work includes an approximately two-year-old roof, updated interior and exterior paint, new lighting, additional electrical outlets and GFCI receptacles, refreshed door hardware, copper interior plumbing, and improved insulation. Both residences include gas ranges, while the evaporative coolers were replaced approximately two years ago. Located in 29 Palms, the duplex is approximately five minutes from the front gate of the Marine Corps Air Ground Combat Center and minutes from downtown.
Recent work includes an approximately two-year-old roof, updated interior and exterior paint, new lighting, additional electrical outlets and GFCI receptacles, refreshed door hardware, copper interior plumbing, and improved insulation. Both residences include gas ranges, while the evaporative coolers were replaced approximately two years ago. Located in 29 Palms, the duplex is approximately five minutes from the front gate of the Marine Corps Air Ground Combat Center and minutes from downtown.
Key Highlights
- Two‑unit duplex with 2,401 square feet of total property size
- Each residence includes 2 bedrooms plus a flexible third room and 1 bathroom
- Two separate addresses with private, fully fenced backyards
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
$24,485
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
7.68%
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%
$489,700
$489.7K
Cap Rate 7%
$349,786
$349.8K
Cap Rate 9%
$272,056
$272.1K
Market Conditions
NOI Build-Up for 2,401 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
$37.2K $15.48/SF
− Vacancy
−$2.2K −$0.91/SF
EGI
$35.0K $14.57/SF
− OpEx
−$10.5K −$4.37/SF
NOI
$24.5K $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%
$489,700
Cap Rate 7%
$349,786
Cap Rate 9%
$272,056
Alternative Uses
Best Use
Multifamily LT 5
$349.8K
$306.1K – $408.1K
NOI $24,485 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$303.7K
$265.7K – $354.3K
NOI $21,256 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$506.5K
$443.2K – $590.9K
NOI $35,452 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
310
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?
Duplex - Two-unit property with separate addresses, fenced outdoor space, covered parking, and flexible third rooms in each residence.
Where is this duplex located?
The property is located at 6010 Ocotillo Avenue 29 Palms, CA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,401 square feet of total property size; Each residence includes 2 bedrooms plus a flexible third room and 1 bathroom; Two separate addresses with private, fully fenced backyards
