29 Palms, CA 92277 6563 Oasis
$1,000,000
3 more
Presented By: James Wardlaw with Sperry Commercial; 714-496-1100
Baths • 1
SQFT • 3,240
Home Details
Fully renovated 9-unit multifamily property in the growing Twentynine Palms market. With a strong 6.8% cap rate and 8.75 GRM on current rents, this turnkey asset features 4 studios, 4 one-bed units, and 1 two-bed unit across 3,240 SF. All interiors have been updated with modern kitchens, baths, fixtures, and finishes. Current scheduled rents total $9,425/month with market potential of $10,200/month. Property sits on a 21,600 SF lot with ample open parking. Low expenses and stable tenant demand driven by proximity to the Marine Corps base and downtown amenities. Excellent opportunity for investors seeking strong cash flow and minimal renovation needs.
Presented By: James Wardlaw with Sperry Commercial; 714-496-1100
Interior Features for 6563 Oasis
Other Interior Features
Air Conditioning Y/NYes
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommon Area
Total Stories1
Other Rooms
Entry Level1
General for 6563 Oasis
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
City29 Palms
Community FeaturesBiking, Hiking, Horse Trails, Hunting, Mountainous, Near National Forest, Preserve/Public Land
CoolingENERGY STAR Qualified Equipment
CountySan Bernardino
Directionsnone
Electric Expense5462
Energy EfficientAppliances, HVAC
Entry Locationfront
Fuel Expense575
Garage Spaces
Garage Y/NNo
Gross Income114309
HeatingENERGY STAR Qualified Equipment
Insurance Expense4860
Land Lease Y/NNo
LevelsOne
Listing TermsCash to New Loan
Lot Size Square Feet21600
Lot Size UnitsSquare Feet
MLS AreaDC710 - Desert Heights
Net Operating Income68020
New ConstructionNo
Number Of Units Total9
Number of Units Leased9
Operating Expense40573
Pool FeaturesNone
PostalCityTWENTYNINE PALMS
Property Attached Y/NYes
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Lot51
Total Actual Rent9425
Trash Expense2826
UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Sewer Expense1287
Year Built1936
Year Built SourceAssessor
Exterior for 6563 Oasis
Building Area Total3240
Horse Amenities Riding Trail
Lot Features6-10 Units/Acre
Lot Size Acres0.4959
Lot Size Area21600
Lot Size SourceAppraiser
Number of Buildings3
Number of Separate Electric Meters0
Number of Separate Gas Meters0
Number of Separate Water Meters0
Private PoolNo
Total Parking0
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Roger Jarnigan
Realtor®