6563 Oasis, 29 Palms, California 92277, 29 Palms, 92277 - bed, bath
ACTIVE$1,000,000
6563 Oasis, 29 Palms, California 92277
0Bed
0Bath
3,240Sqft
21,600Lot
Year Built
1936
Close
-
List price
$1M
Original List price
$1M
Price/Sqft
$309
HOA
-
Days on market
-
Sold On
-
MLS number
PW25264892
Home ConditionExcellent
Features
Good View:
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $1.00M(50th), sqft - 3240(50th), beds - undefined(50th), baths - undefined(50th).
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.
Nearby schools
4/10
Oasis Elementary School
Public,•K-6•0.6mi
2/10
Palm Vista Elementary School
Public,•K-6•1.4mi
4/10
Twentynine Palms Junior High School
Public,•7-8•1.7mi
5/10
Twentynine Palms High School
Public,•9-12•0.9mi
Price History
Date
Event
Price
11/21/25
Listing
$1,000,000
11/10/22
Sold
$510,000
08/16/19
Sold
$200,000
08/18/11
Sold
$110,000
04/30/01
Sold
$82,000
Condition Rating
Excellent
Despite being built in 1936, the property has undergone a full and extensive renovation, as explicitly stated in the description and supported by the images. The interiors feature modern kitchens with white shaker cabinets and stainless steel appliances, new light-colored laminate flooring, and contemporary light fixtures. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance. The property is presented as 'turnkey' with 'minimal immediate renovation needs,' aligning perfectly with the 'excellent' criteria for a recently and extensively renovated property.
Pros & Cons
Pros
Strong Financial Performance: The property boasts a strong 6.8% cap rate and 8.75 GRM on current rents, indicating solid cash flow and an attractive return on investment for a multifamily asset.
Fully Renovated & Turnkey: All nine units have been fully renovated with modern kitchens, baths, fixtures, and finishes, presenting a turnkey asset with minimal immediate renovation needs for a new owner.
Stable Tenant Demand: Proximity to the Marine Corps base and downtown amenities drives stable tenant demand, ensuring consistent occupancy and income for the property.
Rent Upside Potential: Current scheduled rents total $9,425/month, with a clear market potential of $10,200/month, offering an immediate opportunity to increase income and property value.
Generous Lot Size & Parking: The property sits on a substantial 21,600 SF lot, providing ample open parking for tenants, which is a significant advantage for a multi-unit property.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3240, other record living area = 2654.
Age of Structure: Built in 1936, the underlying structure is very old. Despite recent renovations, this could lead to unforeseen maintenance issues with foundational systems (plumbing, electrical, roof) over time.
Compact Unit Sizes: With 3,240 SF distributed among 9 units (4 studios, 4 one-beds, 1 two-bed), the individual unit sizes are relatively small, which might limit the tenant pool or rent ceiling compared to properties with larger units.
Market Dependence: The stable tenant demand is heavily driven by its proximity to the Marine Corps base. This creates a reliance on military personnel and base operations, which could pose a risk if there are significant changes to the base's status or size in the future.