6563 Oasis Avenue, 29 Palms
29 Palms Home For Sale
Commercial Asset Advisors is pleased to present a recent price reduction on Palm Oasis, the highest cap rate Multifamily acquisition opportunity in drivable Sunny Southern California! 6563 Oasis Ave is a fully renovated multifamily asset producing a massive 8.92% cap rate in-place and a 9.84% proforma cap rate with over $132k in current gross scheduled income. The forecasted aggregate annual return is a MASSIVE 25% aggregate annual return when utilizing financing, a forecasted $32k+ in annual tax depreciation, and a historical 2-3% annual appreciation. The asset provides an investor with the unique opportunity to acquire a truly turnkey multifamily holding in Sunny Southern California with a qualified & stable tenant base next to the US's largest Military Training Base to produce superior returns to market rate t-bills, bonds, etc while also receiving the various tax benefits and appreciation returns of California real estate. The property has undergone extensive capital improvements in the last 18 months including but not limited to all new plumbing supply, electrical, roofs, windows, HVAC, quartz countertops, vinyl flooring, new cabinetry, fencing, landscaping, stucco, and paint. The City of Twentynine Palms rests in the Mojave Desert of Southern California located in between Los Angeles and Phoenix, Arizona. The city is home to Joshua Tree National Park headquarters and north entrance, one of the most popular national parks in the United States. It is also the proud host of the Marine Corps Air Ground Combat Center, the world‘s largest Marine Corps training base. Locals of Southern California are familiar with Twentynine Palm’s proximity to the beautiful vacation town of Palm Springs and Indio, CA, the host of one of the World’s most famous music festivals, Coachella. The city offers a variety of amenities, including restaurants, shops, and parks. There are also a number of outdoor activities available, such as hiking, camping, rock climbing, and dirt biking. Twentynine Palms has a mild climate year-round with temperature ranges from 65 degrees Fahrenheit in the winter to 100 degrees Fahrenheit in the summer.
Property Details
Additional Information
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- City:
- 29 Palms
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- County:
- San Bernardino
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- Zip:
- 92277
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- MLS® #:
- PTP2402260
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- Bedrooms:
- 3
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- Bathrooms:
- 3
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- Lot Size:
- 0.60
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- HOA Dues:
- $
Price Change History for 6563 Oasis Avenue, 29 Palms, (MLS® #PTP2402260)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced | $999,000 | $1,000 (0.10%) | |
| Price Reduced (from $1,099,000) | $1,000,000 | $99,000 (9.01%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 17th, 2024 at 4:45am PDT. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.