6563 Oasis Avenue

6563 Oasis Avenue

Twentynine Palms, CA 92277

$1,000,000
Price
6
Beds
33
Baths
2,960 Sq. Ft.
$338 / Sq. Ft.
2,960
Sq. Ft.
$338
per Sq. Ft.
a front view of a house with a yard
a view of city with tall buildings
front view of a house with a yard
a view of a outdoor space
a view of a door of the house
a kitchen with cabinets stainless steel appliances a sink and a window
a kitchen with stainless steel appliances a stove a microwave and a refrigerator
a view of empty room with wooden floor
a view of a hallway with wooden floor
a bathroom with a sink and a mirror
a view of an empty room with a window and wooden floor
a kitchen with stainless steel appliances granite countertop a stove and a sink
an empty room with wooden floor and a window
an empty room with wooden floor and windows
a stove top oven sitting inside of a kitchen
a bathroom with a sink a toilet and shower
a picture of city view

Description

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...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.
  1. Listed by Maxwell Brown • DRE #02127395 • Brokerage DRE #02077455 • Commercial Asset Advisors • mbrown@caacre.com

Property Details for 6563 Oasis Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
9.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
2960
Assessor Parcel Number
0617-103-05-0000
Property Attached YN
true

Location

Listing Courtesy of Commercial Asset Advisors, Maxwell Brown, DRE #02127395
Add your commute
LISTING UPDATED: 05/15/2024 08:03 AM

Property Details for 6563 Oasis Avenue

StatusActive
MLS #PTP2402260
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1936
Lot Size0.60 AC / 26,136 SF
CountySan Bernardino County

Location

Listing Courtesy of Commercial Asset Advisors, Maxwell Brown, DRE #02127395
Add your commute

Building Information for 6563 Oasis Avenue

Stories1Residences-Year Built1936Building Size-Lot Size0.60 AC / 26,136 SF

Payment Calculator

$5,921 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$464

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6563 Oasis Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $128,628
  • Gross Scheduled Income: $128,628
  • Net Operating Income: $82,450
  • Cap Rate: 7.5
Expense Details
  • Operating Expense: $42,320
  • New Taxes Expense: $11,601
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $42,320
Tax / Assessment Info
  • Tax Tract Number: 0617
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 0617-103-05-0000
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: BLM/National Forest
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: street
  • Fence: No
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Conventional Septic
  • Sewer/Septic: Septic Installed
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 4
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,093
  • Unit Type Total Rent: $4,370
  • Unit Type Pro Forma: 1100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 4
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,088
  • Unit Type Total Rent: $4,350
  • Unit Type Pro Forma: 1200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 9
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 6563 Oasis Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6563 Oasis Avenue

Taxable ValueLand$75,000Additions$435,000Total$510,000
Tax Record2023$5,566 ($464 / month)
Home Facts
Total Finished SqFt2,654 SqFtAbove Grade Finished SqFt2,654 SqFtStories1Lot Size21,600 SqFtStyleMulti-Family Res (5+ Units)Year Built1936CountySAN BERNARDINOAPN0617-103-05-0000

Schools near 6563 Oasis Avenue

This home is within Morongo Unified School District.
Rating
School
Type
Grades
Distance
Palm Vista Elementary School
Public - K to 6
Twentynine Palms Junior High School
Public - 7 to 8
Twentynine Palms High School
Public - 9 to 12
Black Rock Alternative/Continuation School
Public - 9 to 12
Rating
School
Distance
Palm Vista Elementary School
PublicK to 6

Twentynine Palms Junior High School
Public7 to 8

Twentynine Palms High School
Public9 to 12

Black Rock Alternative/Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 6563 Oasis Avenue, Twentynine Palms, CA 92277

6563 Oasis Avenue is a multi-family home for sale in Twentynine Palms, CA 92277. This property was listed for sale on April 5, 2024 by Commercial Asset Advisors, it's currently listed at $1,000,000. It has been on the market for a total of 41 days and was last sold on September 19, 2022. This listing's school district is Morongo Unified School District. Nearby schools include Palm Vista Elementary School, Twentynine Palms Junior High School and Twentynine Palms High School. 6563 Oasis Avenue is a 6-bed, 33-bath, 2,960 sqft multi-family home built in 1936.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Commercial Asset Advisors, Maxwell Brown, DRE #02127395

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.