Well-Maintained 7-Unit
For Sale
$497,000
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 Market140
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: Oct 8
Last Checked: Oct 19 at 7:08AM
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.
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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 / Yr
$37,501
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
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
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 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 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$893.5K
$781.8K – $1.04M
NOI $62,547 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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 $497,000.
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
