Address: |
view address 29 Palms, CA 92277 Map Location |
Bedrooms: | 0 |
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Square Feet: | 2,960 sq.ft. | Lot Size: | 0.60 acres |
Year Built: | 1936 | Property Type: | Multi Family |
County: | San Bernardino | List Date: | 2024-04-22 |
Listing Number: | PTP2402260 | Listed By: | Commercial Asset Advisors |
Listing Office: | [email protected] | Virtual Tour: | Click Here |
Days on market: | 11 |
6563 Oasis Ave is a fully rebuilt multifamily asset in Twentynine Palms, California. The property has undergone extensive capital improvements in the last 18 months, including all new plumbing, full electrical, roofs, windows, HVAC, quartz countertops, vinyl flooring, cabinetry, fencing, landscaping, stucco, and paint. This turnkey investment property produces an above-market in-place cap rate of 7.50% and a proforma cap rate of 8.40%. The property consists of (4) Studios, (4) One bedrooms , and (1) Two bedroom / One bath unit. With its highly qualified and stable U.S. Military tenant base, this asset is sure to generate superior returns to market rate t-bills and bonds. In addition to the strong cash flow, investors will also benefit from the various tax benefits and appreciation returns of California real estate. This is a rare opportunity to acquire a truly turnkey multifamily asset at above-market return metrics with a strong tenant base and excellent upside potential. 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.
No Heat: | Yes |
Lot Acres: | 0.60 | Lot Number: | 0617-103-05-0000 |
Lot Sqft: | 26,136.00 | Septic System: | Yes |
Transaction Type: | Sale | Year Built: | 1936 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.