Thank you
Maxwell Brown
Commercial Asset Advisors
858-360-3000
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.
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Total Baths: 0
Sewer : Septic Tank
Air Conditioning
Has Heating
Has Fireplace: 0
Year Built: 1936
Building Area Total: 2,960
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.6
Lot Size Source: Public Records
Lot Size Square Feet: 26136
Original List Price: 1,000,000
Listing Contract Date: 2024-04-05
Listing Agreement: Exclusive Right To Sell
Parcel Number: 0617103050000
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: DC726 - Four Corners
Directions: GPS
Zoning: Multifamily
Source Property Type: Residential Income
Area: DC726 - Four Corners
Property Age: 88
Common Walls: 1 Common Wall
Year Built Source: Vendor Enhanced
Entry Level: 1
Entry Location: street
Property Attached: Yes
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Meldora, 29 Palms, CA,92277 | $48,000 | -- | -- | -- | 217800 Sqft |
Copper Mountain Road, 29 Palms, CA,92277 | $175,000 | -- | -- | -- | 871200 Sqft |
7 Feldspar Ave, 29 Palms, CA,92277 | $10,250 | -- | -- | -- | 87120 Sqft |
None, 29 Palms, CA,92277 | $23,000 | -- | -- | -- | 27225 Sqft |
None, 29 Palms, CA,92277 | $25,000 | -- | -- | -- | 54450 Sqft |
None, 29 Palms, CA,92277 | $50,000 | -- | -- | -- | 217800 Sqft |
None, 29 Palms, CA,92277 | $23,000 | -- | -- | -- | 27225 Sqft |
Indian Cove Rd Road, 29 Palms, CA,92277 | $75,000 | -- | -- | -- | 190357 Sqft |
1234 Wilshire Avenue, 29 Palms, CA,92277 | $16,500 | -- | -- | -- | 7800 Sqft |
Amboy Road, 29 Palms, CA,92277 | $750,000 | 2 | 1 | 1,405 | 6838920 Sqft |
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ByOwner last updated this listing 05/21/2024 @ 14:24
MLS: PTP2402260
LISTED BY: Maxwell Brown, Commercial Asset Advisors
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.