Athol Apartments & Yucca Apartments | 6424 Athol Ave
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Athol Apartments & Yucca Apartments 6424 Athol Ave
13 Unit Apartment Building $2,191,301 CAD ($168,562 CAD/Unit) 6.79% Cap Rate Twentynine Palms, CA 92277
Investment Highlights
- This 2-property portfolio includes the Athol Apartments, a 6-unit building, and Yucca Apartments, offering 7 units.
- The properties possess an attractive unit mix of Three (3) Studios & Ten (10) Two-Bedroom / One Bathroom Units.
- Onsite Laundry for both Athol & Yucca Apartments. / Property is located just 7 Minutes (4.8 Miles) from Joshua Tree National Park.
- ProForma CAP Rate of 8.19% With a ProForma GRM of 7.51. Current CAP Rate of 6.79%. / ProForma CAP Rate is Based on Leveling Off Current Rents.
- The properties are 100% occupied with long term tenants. / Property recently had full interior renovations done within the last few years.
Executive Summary
This Two Property Portfolio is a total of Thirteen (13) Units located on 6424 Athol Avenue & 6321 Yucca Avenue, Twentynine Palms, CA 92277. These properties consist of Three (3) Studios & Ten (10) Two-Bedroom / One Bathroom Units. The Athol Apartments are a total of Six (6) Units & the Yucca Apartments are a total of Seven (7) Units. The property currently is situated on a total of 1.130 Acres of land.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,191,301 CAD | Property Subtype | Apartment |
| Price Per Unit | $168,562 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.13 AC |
| Cap Rate | 6.79% | Building Size | 8,450 SF |
| Gross Rent Multiplier | 8.99 | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1985/2018 |
| Price | $2,191,301 CAD |
| Price Per Unit | $168,562 CAD |
| Sale Type | Investment |
| Cap Rate | 6.79% |
| Gross Rent Multiplier | 8.99 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.13 AC |
| Building Size | 8,450 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1985/2018 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | $1,398 CAD | 300 |
| 2+1 | 10 | $1,443 CAD | 755 |
1 of 1
PROPERTY TAXES
| Parcel Number | 0623-031-04 | Improvements Assessment | $250,056 CAD (2024) |
| Land Assessment | $12,451 CAD (2024) | Total Assessment | $262,507 CAD (2024) |
PROPERTY TAXES
Parcel Number
0623-031-04
Land Assessment
$12,451 CAD (2024)
Improvements Assessment
$250,056 CAD (2024)
Total Assessment
$262,507 CAD (2024)
zoning
| Zoning Code | R3 |
| R3 |
-
Albert Le -
Aaron Sanders -
Le Investment Group
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Athol Apartments & Yucca Apartments | 6424 Athol Ave
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