1 year on rocket

73151 Adobe Cir Unit 29, Palms, CA, 92277

$1,495,000

Home List Price

$10,000*

Closing Credit

13 Bedrooms
13 Baths
6,819 SqFt
$219/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

73151 Adobe Cir Unit 29, Twentynine Palms$1,495,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingUncovered
Year Built1936
HeatingPropane
ViewCity Lights, Desert
MLS #22159671
Lot Size9.45 Acres
StatusActive

About 73151 Adobe Cir Unit 29

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.

Property Details

Property Features

Property Information:

  • Year Built: 1936
  • Stories: 1
  • Living Area: 6,819 SqFt

Listing Office:

  • Office Name: Keller Williams Beverly Hills
  • Office Phone: (310) 432-6400
  • Listing Agent: Shawn S. Kormondy

Interior Features

Interior Information:

  • Appliances: Oven, Refrigerator

Bedroom and Bathroom Information:

  • Total Bedroom Count: 13

Exterior Features

Exterior Information:

  • View: City Lights, Desert

Parking Information:

  • Parking: Uncovered

Lot Features

Lot Information:

  • Lot Size: 9.45 Acres

Utilities

Utilities Information:

  • Heating: Propane

School Info

Assigned Schools Information:

  • Twentynine Palms High School, Public District Grades 9-12
  • Twentynine Palms Junior High School, Public District Grades 7-8
  • Oasis Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: North of Highway 62

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,495,000
  • Price Per SqFt: $219/SqFt
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Twentynine Palms, CA.

Map thumbnail provided by MapBox

Twentynine Palms, CA

City

Med. Sold Price

$270K

Med. Price/SqFt

$221

Avg. Days On Market

65

# of Sold Homes

21

73151 Adobe Cir Unit 29 vs Twentynine Palms

709 DAYS ON ROCKET

+644 Days

$1,495,000

+$1.2M More

$219/SqFt

-$2 Less

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $2/SqFt less than other homes in Twentynine Palms, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #22159671

Listing Office:

  • Office Name: Keller Williams Beverly Hills
  • Office Phone: (310) 432-6400
  • Listing Agent: Shawn S. Kormondy

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 10:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,529

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,549

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3381572
4
/10

  • Oasis Elementary School

  • 73175 El Paseo Dr

  • 0.29 miles

  • Public District Grades KG-6

Middle School

school-card-donut-3381573
2
/10

  • Twentynine Palms Junior High School

  • 5798 Utah Trl

  • 1.68 miles

  • Public District Grades 7-8

High School

school-card-donut-3381574
4
/10

  • Twentynine Palms High School

  • 72750 Wild Cat Way

  • 0.62 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,793. Residents of Twentynine Palms, CA typically earn less than $35k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 73151 Adobe Cir Unit 29

What is the listing price of this property?

The listing price of 73151 Adobe Cir Unit 29 property is $1,495,000.

What type of property is this?

The property 73151 Adobe Cir Unit 29 is a house located in Palms, California, 92277.

Is this property for sale now?

Active Listing: 73151 Adobe Cir Unit 29 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 73151 Adobe Cir Unit 29 are:
Oasis Elementary School: GreatSchools Rating 4/10
Twentynine Palms Junior High School: GreatSchools Rating 2/10
Twentynine Palms High School: GreatSchools Rating 4/10

How many bedrooms and bathrooms does this property have?

The property at 73151 Adobe Cir Unit 29 has 13 bedrooms and 13 bathrooms.

What is the square footage of this property?

The property 73151 Adobe Cir Unit 29 is 6,819 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 73151 Adobe Cir Unit 29 is 1936.

Rocket Homes›California›San Bernardino County›Twentynine Palms›92277›73151 Adobe Cir Unit 29

This home is located at 73151 Adobe Cir Unit 29 in Palms, CA and zip code 92277. This 6,819 square foot home, which was built in 1936, sits on a 9.45 acre lot. Features: 13 bedrooms, 13 bathrooms. It has been listed on Rocket Homes since May 21, 2022 and is currently priced at $1,495,000.

Over 2 listings were sold over their listed price in March 2024 in Twentynine Palms, CA. In the same period over 11 listings were sold below the listed price and 8 listings were sold for the listed price. The number of listings in Twentynine Palms, CA increased by 11.8% between February 2024 and March 2024. Listings spent 65 days on the market in March 2024, and had a median list price of $270,062 during the same period.

From Rocket Homes Real Estate and based on county public records data.

More Resources