6563 Oasis Avenue, 29 Palms, CA 92277
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Listed Price :
$999,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1936
Property Description
Commercial Asset Advisors is pleased to present the highest cap rate Multifamily acquisition opportunity in drivable Sunny Southern California! 6563 Oasis Ave is a 9 unit fully renovated multifamily asset producing a massive 8.92% cap rate in-place (real cap rate including all expenses) 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.
Interior Features
Laundry Information |
Location(s) |
Common Area |
Bedroom Information |
Bedrooms |
N/A |
Listing Information
Address |
6563 Oasis Avenue |
City |
29 Palms |
State |
CA |
Zip |
92277 |
County |
San Bernardino |
Listing Agent |
Maxwell Brown DRE #02127395 |
Courtesy Of |
Commercial Asset Advisors |
List Price |
$999,000 |
Status |
Hidden |
Type |
Residential Income |
Structure Size |
N/A |
Lot Size |
26,136 |
Year Built |
1936 |
Listing information courtesy of: Maxwell Brown, Commercial Asset Advisors. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 6th, 2024 at 6:37 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.