Thank you
Shawn S. Kormondy
Keller Williams Beverly Hills
310-432-6400
On a commanding hill overlooking Twentynine Palms sits the El Adobe Hotel, once simply called The Adobe. A fine example of Americana Hospitality. The adobe structure was built by Jack McClane and Ed White in 1935. Now being offered as a 13-unit apartment complex in Twentynine Palms, California, located minutes from the largest U.S. Marine Corps base as well as the entrance to Joshua Tree National Park (3m visitors in 2021). The complex consists of five buildings on nearly 9.5 acres of land sited at an elevation of 2,100 Ft boasting sweeping views of JTNP and city lights of 29 Palms. The property currently operates as an apartment building with 9x 1-bedroom units and 4x studios today, grossing $11,000 monthly. Each unit has been rehabilitated in the last three years and features ductless HVAC, new appliances, upgraded plumbing and electrical, window blinds, fresh paint, new roofing, and new kitchens and bathrooms. Coin-operated laundry equipment was added in 2019, generating additional income. The original 1,500 SF lobby of the hotel features wood beamed ceilings, and fireplace, the space can be converted into more apartments (Check with City). The hotel's original conception had thick adobe walls (the exterior walls have been stucco'd) and deeply set windows, which commanded the best view in town. Currently supplied county water. All units are occupied, please do not disturb tenants. Current use is multi family. Hospitality use not permitted unless CUP is obtained from city. SELLER WILL FINANCE $650k at 7% for 5 years.
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Total Bedrooms : 13
Total Baths: 13
Full Baths: 0
Half Baths: 0
Water Source : Public
Sewer : Septic Type Unknown
Property Appliances: Oven,Refrigerator
Propane
Has Heating
Year Built: 1936
Building Area Total: 6,819
Construction: Adobe
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 9.45
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 411642
Original List Price: 1,495,000
Listing Contract Date: 2022-05-20
Listing Agreement: Exclusive Right To Sell
Parcel Number: 0618181050000
Garage Description: Uncovered
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: DC726 - Four Corners
Postal Code Plus 4: 2269
Directions: North of Highway 62
Zoning: R4
Source Property Type: Residential Income
Area: DC726 - Four Corners
Property Age: 88
Property Condition: Updated/Remodeled
Year Built Source: Vendor Enhanced
Total Square Feet Living: 6819
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Meldora, 29 Palms, CA,92277 | $48,000 | -- | -- | -- | 217800 Sqft |
Copper Mountain Road, 29 Palms, CA,92277 | $175,000 | -- | -- | -- | 871200 Sqft |
7 Feldspar Ave, 29 Palms, CA,92277 | $10,250 | -- | -- | -- | 87120 Sqft |
None, 29 Palms, CA,92277 | $23,000 | -- | -- | -- | 27225 Sqft |
None, 29 Palms, CA,92277 | $25,000 | -- | -- | -- | 54450 Sqft |
None, 29 Palms, CA,92277 | $50,000 | -- | -- | -- | 217800 Sqft |
None, 29 Palms, CA,92277 | $23,000 | -- | -- | -- | 27225 Sqft |
Indian Cove Rd Road, 29 Palms, CA,92277 | $75,000 | -- | -- | -- | 190357 Sqft |
1234 Wilshire Avenue, 29 Palms, CA,92277 | $16,500 | -- | -- | -- | 7800 Sqft |
Amboy Road, 29 Palms, CA,92277 | $750,000 | 2 | 1 | 1,405 | 6838920 Sqft |
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ByOwner last updated this listing 05/01/2024 @ 09:55
MLS: 22159671
LISTED BY: Shawn S. Kormondy, Keller Williams Beverly Hills
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.