Description
THIS FOUR ON A LOT PROPERTY IS ON AUTO-PILOT, MGMNT CO HANDLES EVERYTHING. Exceptional multi-unit investment opportunity in the heart of Ridgecrest! This Four on a lot offers four individual homes on a 13,504 sq ft lot, totaling 2,568 sq ft of living space. Each home provides comfortable layouts with strong rental demand and low turnover in a stable desert community. Front homes are 2/1, rear homes 1/1 . Built in 1959, the property has stood the test of time and continues to perform with consistent occupancy and a 6.8% annual ROI. Tenants enjoy ample off-street parking, and convenient proximity to shopping, dining, and the Naval Air Weapons Station China Lake. Perfect for investors seeking reliable income with minimal management headaches. A local property management company oversees day-to-day operations, making this a turnkey asset with dependable cash flow and future upside potential. With a mix of strong market rents and steady demand from the Ridgecrest workforce, this property is ideal for anyone looking to grow or diversify their portfolio in a high-yield, low-maintenance market.
Details
| MLS # | CV26137691 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 76 |
| Listing Provided By | Ronald Sandoval, Broker | Ronald Sandoval |
Features
| SQ Feet | 2,568 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 4 |
| Acreage | 0.31 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Cooling Yes / No | Yes |
| Interior Features | All Bedrooms Down |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Lap Siding |
| Lot Features | Rectangular Lot |
| Fencing | Wood |
Parking
| Parking Features | None |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Street Lights |
|---|
Area Information
| State | CA |
|---|---|
| County | Kern |
| City | Ridgecrest |
| Zip Code | 93555 |
| Area | RCR Ridgecrest |
| Listing VS Median (in 93555) | |
Price: $310,000 low | high Med: $221,950 sqft: 2,568 low | high Med: 1,189 $ / sqft: $121 low | high Med: $187 On site: 76 low | high Med: 155 | |
Market Activity 93555
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Learn More About This Property
| State | CA |
|---|---|
| County | Kern |
| City | Ridgecrest |
| Zip Code | 93555 |
| Area | RCR Ridgecrest |
| Listing VS Median (in 93555) | |
Price: $310,000 low | high Med: $221,950 sqft: 2,568 low | high Med: 1,189 $ / sqft: $121 low | high Med: $187 On site: 76 low | high Med: 155 | |
