PROPERTY DESCRIPTION

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 a MASSIVE 8.92% in-place cap rate and a proforma cap rate of 9.84%. The property consists of (4) Studios, (4) One bedrooms , and (1) Two bedroom / One bath unit. 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 offers a variety of amenities, including restaurants, shops, and parks. There are also a number of outdoor activities available, such as hiking, camping, rock c