Alden Pacific Investments Completes the Sale of 3-Units in Joshua Tree
Updated: Jun 28, 2021
Alden Pacific Investments has completed another successful purchase of a value add deal, located in the high desert at 4327 Normglo, 29 Palms 92277.
Agent Brian Zuckerman represented the buyer on this deal helping to implement his unique value-add, short term rental strategy in the desert.
The property will be both a second home and an income-producing property. It consists of 3 units with 2450 sqft at a current cap rate of 5.22% and market cap rate of 16.9% - boasting over 220% upside post-development. The property was built in 1955 and has ample parking at 10 spaces.
“I offer a comprehensive level of service that includes in-depth financial analysis,
collaboration on a renovation strategy, overseeing the renovations and /or
development as well as long-term marketing and management of the rental. With
“skin in the game” I follow the exact strategy that I propose to execute on behalf of
clients. Pointing to the results of properties in my portfolio helps clients evaluate
the appropriateness of this approach for their own portfolio.” - Brian Zuckerman