Upgraded Duplex with Private
For Sale
$339,000
6010 Ocotillo Avenue, 29 Palms, CA 92277
MULTI_FAMILY - Modern - 29 Palms, CA
Property Size2,401 SF
Lot Size0.19 Acres
Price / SF$141.19
Days on Market55
Property Features for 6010 Ocotillo Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 6
Parking
6
Parking features
Carport, Covered, Assigned
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
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: Jun 27
Changed: Jul 24
Last Checked: Aug 20 at 6:06AM
MLS# 219149731
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 upgraded duplex offers two separate units with distinct addresses, providing flexibility for investors or an owner-occupant. Each unit features two traditional bedrooms plus a versatile third room that can serve as a bedroom, home office, or flex space, along with one bathroom. Interior amenities include a cozy fireplace and a separate laundry room. Both units have private, fully fenced backyards, a shared covered carport, and individual storage closets. Recent improvements include a roof approximately two years old, fresh interior and exterior paint, new interior and exterior lighting, updated door hardware, and copper interior plumbing. The electrical has been updated with numerous new outlets and GFCI receptacles, and insulation has been improved. Both units are equipped with gas ranges, and evaporative coolers were replaced approximately two years ago.
The property is located at 6010 Ocotillo Avenue in 29 Palms, with access to downtown conveniences in the area and proximity to the Marine Corps Air Ground Combat Center, approximately five minutes from the front gate as described in the remarks.
With strong, practical in-place upgrades and two separate addresses, the property can support multiple living or income scenarios without relying on a major renovation. The combination of private outdoor space, separate laundry, and updated building systems makes it particularly suitable for tenants who want functional everyday features in a residential income setting.
The property is located at 6010 Ocotillo Avenue in 29 Palms, with access to downtown conveniences in the area and proximity to the Marine Corps Air Ground Combat Center, approximately five minutes from the front gate as described in the remarks.
With strong, practical in-place upgrades and two separate addresses, the property can support multiple living or income scenarios without relying on a major renovation. The combination of private outdoor space, separate laundry, and updated building systems makes it particularly suitable for tenants who want functional everyday features in a residential income setting.
Key Highlights
- Duplex with two separate addresses and two traditional bedrooms plus a versatile third room and 1 bathroom per unit
- Year built 1979 with Modern architectural style
- Each unit includes a cozy fireplace, separate laundry room, private fully fenced backyard, and individual storage closet
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
7.22%
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 7.22%
Second Best
Apartment 5plus
$303.7K
$265.7K – $354.3K
NOI $21,256 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$506.5K
$443.2K – $590.9K
NOI $35,452 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Fenced yard
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 - Well-maintained duplex with two addresses, two backyards, and updated major systems for flexible living or rental use.
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 $339,000.
What are key features of this property?
This property features: Duplex with two separate addresses and two traditional bedrooms plus a versatile third room and 1 bathroom per unit; Year built 1979 with Modern architectural style; Each unit includes a cozy fireplace, separate laundry room, private fully fenced backyard, and individual storage closet
