$ 689,000
8318 Dogbane AVE California City, CA 93505
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$ 689,000
Est. payment | /mo
5,280 SqFt
$ 689,000
Est. payment | /mo
5,280 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,280 sqft
Price per Sqft $130
MLS Listing ID 24408373
HOA Y/N No
Year Built 1989
Lot Size 7,840 Sqft
Property Description
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.
Location
State CA
County Kern
Area Cac - California City
Zoning R3
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher
Exterior
Garage Carport
Pool None
Roof Type Shingle
Parking Type Carport
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 21322113001
Special Listing Condition Standard
Listed by Will Tiao • The Collective Realty
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Kelly McLaughlin
REALTOR® | Lic# 01475708