$610,000
6555 Indian Cove Road, 29 Palms CA 92277
Multi-Family (6 Units)
Property type
150 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 5, 2026 at 04:30am
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
Nearby Schools
Nearby schools around the 6555 Indian Cove Road, 29 Palms, CA 92277. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$488,000
Total Interest
$622,417
Total Payment
$1,110,417
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$3,870
per month
Property History for 6555 Indian Cove Road
29 Palms Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92277.
Similar Homes
Listings with similar prices to 6555 Indian Cove Road