Reduced Price! Motivated Seller! Welcome to 6611 California City Blvd., a prime investment opportunity in California City close to the highway. This expansive property boasts six 2-bedroom, 2-bathroom apartment units spanning approximately 5,200 sq. feet. There are currently four vacant units, two of which are remodeled/ move-in ready, and two that the buyer can upgrade to their liking. Great value-add opportunity! At approximately a quarter acre, the lot has the possibility to expand with additional units. 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. The property not only offers convenience but also promises great rental income potential making it an ideal choice for savvy investors seeking long-term returns. Fully rented at market, the property has a pro forma income of $87,540, giving it an incredible 7.76 GRM and 9.1% cap rate. Can be purchased together with another six unit property at 8318 Dogbane Ave, California City.
|
DAYS ON MARKET
|
113
|
LAST UPDATED
|
9/11/2024
|
|
YEAR BUILT
|
1991
|
COMMUNITY
|
California City
|
|
COUNTY
|
Kern
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Aug 23, '24
|
$779,000
|
| Aug 23, '24 - Today |
$679,000 |
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher |
| AREA |
California City |
| GARAGE |
Door-Single, Garage, Yes |
| HEAT |
Central |
| LOT |
10454 sq ft |
| PARKING |
Door-Single,Garage |
| POOL DESCRIPTION |
None |
| SEWER |
Septic Type Unknown |
| STORIES |
2 |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Desert |
| ZONING |
RM1/RM2 |
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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 12:23 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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