$610,000
6555 Indian Cove Road, 29 Palms CA 92277
Multi-Family (6 Units)
Property type
161 days
On market
$244
Price per sqft
0 cars
Garage
1952
Year built
98,010 sqft
Lot size
Open Houses
Overview
INVESTMENT OPPORTUNITY! 6 Unit Complex on 2.5 acres in the very desirable Indian Cove neighborhood. Build multiple new Units with space to grow. Each unit has a 3/4 Bath, patio area and an on-site laundry. Solid Rental History. Many updates, more needed. Build another multi family unit or several smaller single family units. Endless opportunity.
Listing provided by: Reggie McAtee DRE #01503436 760-285-8100, Libby's Realty
Listing updated: Jan 8, 2026 at 12:36am.
Last checked: Jun 13, 2026 at 03:30pm
Source: CRMLS #JT26003288
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 0 | 1 | — | $615 | $615 | $800 | Unfurnished |
| 1 | 0 | 1 | — | $750 | $750 | $800 | Unfurnished |
| 1 | 0 | 1 | — | $590 | $590 | $800 | Unfurnished |
| 1 | 0 | 1 | — | $750 | $750 | $800 | Unfurnished |
| 1 | 0 | 1 | — | $750 | $750 | $800 | Unfurnished |
| 1 | 0 | 1 | — | $512 | $512 | $800 | Unfurnished |
# of Buildings: 2
# of Units Total: 6
Separate Electric Meters: 6
Separate Gas Meters: 6
Separate Water Meters: 6
Rent Control: No
Tenant Pays: Electricity, Gas, Insurance
Financial Snapshot
Gross Rent Multiplier
12.8x
List Price / Annual Gross Rent
Cap Rate
6.02%
NOI / List Price
Gross Scheduled Income: $47,598
Operating Expense: $10,851
Net Operating Income: $36,747
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $3,200
New Taxes: $2,632
Professional Management: $3,807
Trash: $0
Water / Sewer: $1,212
Interior
Laundry: Common Area
Entry Location: East
Exterior
Property Attached: Yes
Stories Total: 1
Common Walls: Two Common Walls Or More
Lot Features: Six To Ten Units Acre, Desert Back, Desert Front
Pool: None
Water Source: Public
Sewer: Septic Tank
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 0614101010000
Additional Parcels: No
Tax Lot: 11
Community
HOA: No
HOA Fee: $0
HOA Amenities: Trails
Senior Community: No
Community Features: Hiking, Mountainous, Near National Forest, Preserve Public Land