Remodeled Downtown
For Sale
$399,000
6655 Split Rock Ave, Twentynine Palms, CA 92277
Three-unit property on a double lot near restaurants and shopping, with substantial room for on-site parking.
Property Size1,528 SF
Days on Market57
Property Features for 6655 Split Rock Ave
General Information
Standard status
Active
Size
1,528 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Building Details
Building Size
1,528 SF
Year Built
1954
Buildings
1
Units
3
Listing Agency:
Madelaine LaVoie
Listed By:
Vinson Johnson · License #01483041
(760) 361-2900
Source:
Elliman
Added: Aug 14
Changed: Oct 7
Last Checked: Oct 7 at 1:49PM
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 Madelaine LaVoie
Investment Insights
Based on property information with market context.
This triplex offers three residential units in a remodeled property with Spanish architectural character. Constructed in 1954, the building retains an older design profile while providing updated interiors for multifamily use. The property sits on a double lot, creating additional outdoor space and room for parking beyond the building footprint.
Located downtown in Twentynine Palms, the property is near restaurants and shopping. Its walk score is 24, classified as Car-Dependent, while the bike score is 30, classified as Somewhat Bikeable. Solar equipment is also associated with the property.
Located downtown in Twentynine Palms, the property is near restaurants and shopping. Its walk score is 24, classified as Car-Dependent, while the bike score is 30, classified as Somewhat Bikeable. Solar equipment is also associated with the property.
Key Highlights
- Three‑unit triplex in a downtown setting
- Recently remodeled property built in 1954
- Double lot with substantial room for parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,582
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,640
$311.6K
Cap Rate 7%
$222,600
$222.6K
Cap Rate 9%
$173,133
$173.1K
Market Conditions
NOI Build-Up for 1,528 SF
Gross rent
$23.7K $15.48/SF
− Vacancy
−$1.4K −$0.91/SF
EGI
$22.3K $14.57/SF
− OpEx
−$6.7K −$4.37/SF
NOI
$15.6K $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%
$311,640
Cap Rate 7%
$222,600
Cap Rate 9%
$173,133
Alternative Uses
Best Use
Multifamily LT 5
$222.6K
$194.8K – $259.7K
NOI $15,582 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$193.2K
$169.1K – $225.5K
NOI $13,527 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$322.3K
$282.0K – $376.0K
NOI $22,562 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
384
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
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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?
Triplex - Three-unit property on a double lot near restaurants and shopping, with substantial room for on-site parking.
Where is this triplex located?
The property is located at 6655 Split Rock Ave Twentynine Palms, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Three‑unit triplex in a downtown setting; Recently remodeled property built in 1954; Double lot with substantial room for parking
