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.
Listing courtesy of Shawn Kormondy at Keller Williams Beverly Hills
Property Details
Price:
$1,495,000
MLS #:
2943386190
Status:
Active
Beds:
13
Baths:
13
Address:
73151 Adobe Cir
Type:
Single Family
City:
Twentynine Palms
Listed Date:
Dec 1, 2023
State:
CA
Finished Sq Ft:
6,819
ZIP:
92277
Lot Size:
411,642 sqft / 9.45 acres (approx)
Schools
Interior
Exterior
Financial
Agent
Ask a Question
Mortgage Calculator
Map
Community
- Address73151 Adobe Cir Twentynine Palms CA
- CityTwentynine Palms
- CountySan Bernardino
- Zip Code92277
Courtesy of Keller Williams Beverly Hills. Disclaimer: All data relating to real estate for sale on this page comes from ListHub. Detailed information about real estate listings held by brokerage firms other than Bell Properties include the name of the listing broker. Neither the listing company nor Bell Properties shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. ListHub. All rights reserved.
73151 Adobe Cir
Twentynine Palms, CA
LIGHTBOX-IMAGES