Downtown Twentynine Palms Investment
For Sale
$599,000
6407 Morongo Road, Twentynine Palms, CA 92277
Four units on oversized lot near Joshua Tree National Park.
Property Size1,800 SF
Lot Size1.73 Acres
Price / SF$332.78
Days on Market283
Property Features for 6407 Morongo Road
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
10
Lot size
1.73 Acres
Property subtype
Residential Income
Zoning
Assessor
Net Operating Income
$2,336
Building Details
Year Built
1950
Buildings
1
Units
4
Listing Agency:
Libby's Realty
Listed By:
Reggie McAtee · License #01503436
(760) 285-8100
Source:
Compass
Added: Dec 30, 2025
Changed: Oct 8
Last Checked: Oct 7 at 2:21PM
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.
This investment opportunity features four units on an oversized commercial lot of nearly 75,500 square feet in downtown Twentynine Palms. The property has flexible commercial zoning and offers potential for expansion, redevelopment, mixed-use concepts, or a live/work environment. It is located minutes from Joshua Tree National Park, the Marine Corps Air Ground Combat Center Twentynine Palms, and local shops and restaurants. This positioning is intended to attract long-term tenants, military personnel, tourists, or business opportunities. Two of the units have been fully remodeled and feature new appliances, updated flooring, fresh interior paint, and new countertops. The remaining two units are occupied by long-term tenants, providing immediate rental income. The property is suitable as an income-producing property, for redevelopment, or as a commercial/residential opportunity in the High Desert market.
Key Highlights
- Oversized commercial lot (nearly 75,500 sq ft) in downtown Twentynine Palms with flexible commercial zoning.
- Prime location minutes from Joshua Tree National Park and the Marine Corps Air Ground Combat Center.
- Immediate rental income from two long‑term tenant‑occupied units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,356
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,120
$367.1K
Cap Rate 7%
$262,229
$262.2K
Cap Rate 9%
$203,956
$204.0K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$27.9K $15.48/SF
− Vacancy
−$1.6K −$0.91/SF
EGI
$26.2K $14.57/SF
− OpEx
−$7.9K −$4.37/SF
NOI
$18.4K $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 Rate 5%
$367,120
Cap Rate 7%
$262,229
Cap Rate 9%
$203,956
Alternative Uses
Best Use
Multifamily LT 5
$262.2K
$229.5K – $305.9K
NOI $18,356 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$227.6K
$199.2K – $265.6K
NOI $15,935 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$379.7K
$332.2K – $443.0K
NOI $26,578 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
158
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four units on oversized lot near Joshua Tree National Park.
Where is this quadplex located?
The property is located at 6407 Morongo Road Twentynine Palms, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Oversized commercial lot (nearly 75,500 sq ft) in downtown Twentynine Palms with flexible commercial zoning.; Prime location minutes from Joshua Tree National Park and the Marine Corps Air Ground Combat Center.; Immediate rental income from two long‑term tenant‑occupied units.
