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72121 Hatch Rd - 4 Units + Commercial Land 4 Unit Apartment Building Offered at $690,574 CAD at a 5.33% Cap Rate Twentynine Palms, CA 92277
Investment Highlights
- Development Flexibility: City approval for additional units or ADUs, with potential for commercial development given the prime location.
- Strong In-Place Income: Currently generating $3,350 gross monthly ($40,200 annually).
- Young & Active Population: Home to the Marine Corps Air Ground Combat Center, the city maintains a steady influx of personnel and contractors.
- We do have a 100% financing program + closing costs available through a conventional lender. Property must be owner occupied within 60 days.
Executive Summary
Located at 72121 Hatch Road, this unique multi-family property offers a rare combination of immediate cash flow and massive development potential in the heart of the booming High Desert. Situated on an expansive 36,621 sq. ft. lot, this property is perfectly positioned for an investor looking to capitalize on the growing demand for housing in Twentynine Palms.
Four Detached Studio Units: Private, stand-alone units that provide tenants with a "tiny home" feel.
Strong In-Place Income: Currently generating $3,350 gross monthly ($40,200 annually).
Proforma Potential: Estimated market rents reach $3,800/month.
Massive Lot (0.84 Acres): A nearly 37,000 sq. ft. lot providing ample space for expansion.
Development Flexibility: City approval for additional units or ADUs, with potential for commercial development given the prime location.
We do have a 100% financing program + closing costs available through a conventional lender. Property must be owner occupied within 60 days to qualify for this program. Inquire for details.
Four Detached Studio Units: Private, stand-alone units that provide tenants with a "tiny home" feel.
Strong In-Place Income: Currently generating $3,350 gross monthly ($40,200 annually).
Proforma Potential: Estimated market rents reach $3,800/month.
Massive Lot (0.84 Acres): A nearly 37,000 sq. ft. lot providing ample space for expansion.
Development Flexibility: City approval for additional units or ADUs, with potential for commercial development given the prime location.
We do have a 100% financing program + closing costs available through a conventional lender. Property must be owner occupied within 60 days to qualify for this program. Inquire for details.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$56,083
|
$38.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,804
|
$1.95
|
| Effective Gross Income |
$53,279
|
$37.00
|
| Taxes |
$8,719
|
$6.06
|
| Operating Expenses |
$14,049
|
$9.76
|
| Total Expenses |
$22,768
|
$15.81
|
| Net Operating Income |
$30,511
|
$21.19
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $56,083 |
| Annual Per SF | $38.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,804 |
| Annual Per SF | $1.95 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $53,279 |
| Annual Per SF | $37.00 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,719 |
| Annual Per SF | $6.06 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $14,049 |
| Annual Per SF | $9.76 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,768 |
| Annual Per SF | $15.81 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $30,511 |
| Annual Per SF | $21.19 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,186 CAD | 340 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0616-292-01 | Total Assessment | $312,497 CAD (2026) |
| Land Assessment | $85,919 CAD (2026) | Annual Taxes | $8,719 CAD ($6.06 CAD/SF) |
| Improvements Assessment | $226,578 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
0616-292-01
Land Assessment
$85,919 CAD (2026)
Improvements Assessment
$226,578 CAD (2026)
Total Assessment
$312,497 CAD (2026)
Annual Taxes
$8,719 CAD ($6.06 CAD/SF)
Tax Year
2025
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72121 Hatch Rd - 4 Units + Commercial Land
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