Reduced Price! Motivated Seller! Discover the perfect investment opportunity at 8318 Dogbane Ave., California City, California. Nestled in a prime location, this property boasts six split-level 2 bedrooms and 1 bath units. With approximately 5280 sq. feet of living space, there's ample room for tenants to enjoy. Several units have been recently remodeled. Currently 3 units are vacant, one of which is remodeled/ move-in ready, and two that the buyer can update to their liking. Whether you're looking to expand your rental portfolio or start anew, this property promises great potential and value-add. Situated approximately 20 miles from Edwards Air Force Base, 35 miles from the city of Lancaster, 65 miles from Bakersfield and 125 miles to Los Angeles. Fully rented at market, the property has a pro forma income of $78,612 with a GRM of 8.76 and a cap rate of 7.8%. Can be purchased together with another six unit property at 6611 California City Blvd., California City.
|
DAYS ON MARKET
|
113
|
LAST UPDATED
|
8/23/2024
|
|
YEAR BUILT
|
1989
|
COMMUNITY
|
California City
|
|
COUNTY
|
Kern
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Aug 23, '24
|
$749,000
|
| Aug 23, '24 - Today |
$689,000 |
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher |
| AREA |
California City |
| CONSTRUCTION |
Stucco, Wood Siding |
| GARAGE |
Carport |
| HEAT |
Central |
| LOT |
7841 sq ft |
| PARKING |
Carport |
| POOL DESCRIPTION |
None |
| STORIES |
2 |
| ZONING |
R3 |
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Listed with The Collective Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/2/24 12:16 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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