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29 Palms CA Real Estate & Homes for Sale

1 Properties Found

The median home value in 29 Palms, CA is $325,000. The national median home value is $308,980. The average price of homes sold in 29 Palms, CA is $325,000. 29 Palms real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact 29 Palms real estate agent to arrange a tour today!
Learn more about 29 Palms.


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Beds:
6
Baths:
9.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
PTP2402260
Type:
Multi-Family
Subdivision:
29 Palms
Lot size:
0.6 Acres
Courtesy: Maxwell R Brown - Commercial Asset Advisors Maxwell R Brown
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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 worlds largest Marine Corps training base. Locals of Southern California are familiar with Twentynine Palms proximity to the beautiful vacation town of Palm Springs and Indio, CA, the host of one of the Worlds most famous music festivals, Coachella. The city offer

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS.

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