Well-Maintained 7-Unit
For Sale
$520,000
6598 Oasis Ave, Twentynine Palms, CA 92277
Seven 1-bedroom units with washer/dryer hookups and shared solar electricity support rental-ready, low-hassle operations.
Property Size4,236 SF
Days on Market95
Property Features for 6598 Oasis Ave
General Information
Standard status
Active
Size
4,236 SF
Property subtype
Investment
Additional Details
Business Included
Yes
Multifamily Units
7
Building Details
Building Size
4,236 SF
Year Built
1947
Units
7
Listing Agency:
Quando Realty, Inc.
Listed By:
Tomasa Flores · License #01938135
(714) 365-2021
Source:
Elliman
Added: Jun 3
Changed: Aug 14
Last Checked: Sep 4 at 1:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Quando Realty, Inc.
Investment Insights
Based on property information with market context.
This well-maintained 7-unit multifamily property consists of seven 1-bedroom, 1-bathroom units. Each unit includes washer and dryer hookups, supporting tenant convenience and reducing the need for separate on-site laundry solutions. The property also includes solar panels that generate electricity for all units, which can help offset utility costs tied to tenant occupancy.
Located in Twentynine Palms, CA, the surrounding area is described as somewhat bikeable and somewhat car-dependent, with Walk Score of 24 and Bike Score of 30. The asset is positioned to serve tenants who rely primarily on personal transportation.
For investors and owner-operators seeking a rental property, the unit mix is straightforward and uniform, with the same core amenities across the building. The solar system’s role in powering all units is a practical consideration for reducing ongoing operational burden. Overall, the property presents a turnkey residential income configuration with consistent unit layouts and simple, repeatable tenant features.
Located in Twentynine Palms, CA, the surrounding area is described as somewhat bikeable and somewhat car-dependent, with Walk Score of 24 and Bike Score of 30. The asset is positioned to serve tenants who rely primarily on personal transportation.
For investors and owner-operators seeking a rental property, the unit mix is straightforward and uniform, with the same core amenities across the building. The solar system’s role in powering all units is a practical consideration for reducing ongoing operational burden. Overall, the property presents a turnkey residential income configuration with consistent unit layouts and simple, repeatable tenant features.
Key Highlights
- 7‑unit multifamily property built in 1947
- All units are 1‑bedroom, 1‑bath layout
- Each unit has washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,501
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$750,020
$750.0K
Cap Rate 7%
$535,729
$535.7K
Cap Rate 9%
$416,678
$416.7K
Market Conditions
NOI Build-Up for 4,236 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$72.7K $17.16/SF
− Vacancy
−$4.5K −$1.06/SF
EGI
$68.2K $16.10/SF
− OpEx
−$30.7K −$7.24/SF
NOI
$37.5K $8.85/SF
Area
San Bernardino County, CA
Vacancy
6.20%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$750,020
Cap Rate 7%
$535,729
Cap Rate 9%
$416,678
Alternative Uses
Best Use
Apartment 5plus
$535.7K
$468.8K – $625.0K
NOI $37,501 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$893.5K
$781.8K – $1.04M
NOI $62,547 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Explore this area
Business Placement
Demographics for 92277, CA
23,988
Population
13,657
Households
1.8
Avg Household Size
30
Median Age
25%
College-Educated
93%
High-School Grad
1,599.1 sq mi
ZIP Area
15
Density / Sq Mi
$55,515
Median Household Income
$40,928
Median Earnings
$1,267
Median Rent
$224,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven 1-bedroom units with washer/dryer hookups and shared solar electricity support rental-ready, low-hassle operations.
Where is this apartment building located?
The property is located at 6598 Oasis Ave Twentynine Palms, CA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 7‑unit multifamily property built in 1947; All units are 1‑bedroom, 1‑bath layout; Each unit has washer and dryer hookups
