73151 ADOBE Circle 29 Palms CA 92277 | 22159671

73151 ADOBE Circle
29 Palms, CA, 92277
$1,495,000
Beds
0 Baths
0 SqFt
9.45 Acres
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.

Property Details

Price:
$1,495,000
MLS #:
22159671
Status:
Active
Address:
73151 ADOBE Circle
Type:
Residential Income
City:
29 Palms
Listed Date:
May 20, 2022
State:
CA
ZIP:
92277
Lot Size:
411,642 sqft / 9.45 acres (approx)
Year Built:
1936
Ask a Question

See this Listing

Send
  

Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

More About JoAnn

Mortgage Calculator

 

Schools

Interior

Appliances
Refrigerator, Oven
Heating
Propane

Exterior

Parking Features
Uncovered
Sewer
Septic Type Unknown
Stories Total
1
View
City Lights, Desert

Financial

Map

Community

Similar Listings Nearby

73151 ADOBE Circle
29 Palms, CA