Two-Unit Duplex with On-Site
For Sale
$232,500
6667 Desert Queen, 29 Palms, CA 92277
29 Palms, CA
Property Size1,104 SF
Lot Size0.17 Acres
Price / SF$210.60
Days on Market137
Property Features for 6667 Desert Queen
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Laundry Room, Bedroom 3, Bathroom 2
Parking features
Paved or Surfaced
Lot features
2-5 Units/ Acre
Elementary school district
Morongo Unified
Middle school district
Morongo Unified
High school district
Morongo Unified
Directions
10 East, exit 117 Hiway 62, 42 miles to exit Desert Queen left to 6667
Subdivision
DC726 - Four Corners
Standard status
Active
APN
0617095040000
Size
1,104 SF
Lot size
0.17 Acres
Utilities
Heating system
Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Listing Agency:
Century 21 Masters · Berkshire Hathaway HomeServices
(888) 862-1194
Listed By:
Wendy McGowan · License #01446983
(909) 996-9626
Added: Apr 8
Changed: Aug 20
Last Checked: Aug 22 at 2:06PM
MLS# SW26087531
Copyright © 2026 California Regional Multiple Listing Service, Inc. 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 1,104-square-foot duplex contains two separate residential units: one with two bedrooms and one bathroom, and another with one bedroom and one bathroom. The larger apartment has been recently refurbished and painted, while the smaller unit is rented below market and identified as needing updates. On-site paved parking serves the property, which also includes a laundry room and public water service.
Built in 1954, the property uses wall-furnace heating and wall or window-unit cooling. It sits on a 0.1653-acre lot in Twentynine Palms, with High Desert views and access to shopping, dining, and local retail. Yucca Valley is also described as a short drive away, offering additional shops and restaurants.
Built in 1954, the property uses wall-furnace heating and wall or window-unit cooling. It sits on a 0.1653-acre lot in Twentynine Palms, with High Desert views and access to shopping, dining, and local retail. Yucca Valley is also described as a short drive away, offering additional shops and restaurants.
Key Highlights
- Two‑unit duplex with 1,104 square feet of building area
- Unit mix includes 2‑bedroom/1‑bath and 1‑bedroom/1‑bath residences
- Larger unit recently refurbished and freshly painted
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
$11,258
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
4.84%
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%
$225,160
$225.2K
Cap Rate 7%
$160,829
$160.8K
Cap Rate 9%
$125,089
$125.1K
Market Conditions
NOI Build-Up for 1,104 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
$17.1K $15.48/SF
− Vacancy
−$1.0K −$0.91/SF
EGI
$16.1K $14.57/SF
− OpEx
−$4.8K −$4.37/SF
NOI
$11.3K $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%
$225,160
Cap Rate 7%
$160,829
Cap Rate 9%
$125,089
Alternative Uses
Best Use
Multifamily LT 5
$160.8K
$140.7K – $187.6K
NOI $11,258 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$139.6K
$122.2K – $162.9K
NOI $9,774 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$232.9K
$203.8K – $271.7K
NOI $16,301 @ 7.0% cap · market cap 7.01%
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
398
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 residential units include a refurbished larger apartment and a smaller unit with update needs.
Where is this duplex located?
The property is located at 6667 Desert Queen 29 Palms, CA.
What is the asking price?
The asking price for this property is $232,500.
What are key features of this property?
This property features: Two‑unit duplex with 1,104 square feet of building area; Unit mix includes 2‑bedroom/1‑bath and 1‑bedroom/1‑bath residences; Larger unit recently refurbished and freshly painted
