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1324 N Norma Street

Ridgecrest, CA 93555
  • $1,010,000
  • STATUS: Active
  • ON SITE: 27 Days
  • ID#: SB24024605
UPDATED: 72 min ago
$1,010,000
  • 0
    BEDS
  • 1.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

Listing Agent(s): Jeremiah Carew of 3 Leaf Realty Inc (310-546-6300)


Description

This property is sold with adjacent properties, and combined, offer a tremendous investment opportunity. The lot size is approximately 65,000sf, and living space approximately 15,000+sf, and a total of 23 doors, opportunity awaits in Ridgecrest. This listing comprises of one single family home, two triplexes, and eight duplexes, with plenty of onsite parking. Conveniently some of the units are vacant allowing you to make updates and maximize the rent potential. Note that many units are under-rented, or vacant. The single family home has 3 bedrooms and 2 bathrooms, and is 1,498sf on a 6,028sf lot. Live in this home and have your 22 door investment near at hand! All the other units are 1 bedroom/1 bathroom and approx. 600 sf. Located near China Lake Naval Air Station and close to shopping, these properties, at capacity, offer excellent cash flow for years to come. The property is lower maintenance and nicely located. Note this is a probate sale, subject to court confirmation and overbid. Six properties are to be sold at the same time (ask your agent for details). Please do not walk property.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T00:31:17.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/147240364
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1324 N Norma Street Ridgecrest, CA 93555

  • Price: $1,010,000
  • Status: Active
  • On Site: 27 Days
  • Updated: 72 min ago
  • ID#: SB24024605
0
Beds
0
Baths
0
½ Baths
1.1
Acres
1972
Built
Neighborhood:
RCR - Ridgecrest
County:
Kern
Area:
RCR - Ridgecrest
Property Description
This property is sold with adjacent properties, and combined, offer a tremendous investment opportunity. The lot size is approximately 65,000sf, and living space approximately 15,000+sf, and a total of 23 doors, opportunity awaits in Ridgecrest. This listing comprises of one single family home, two triplexes, and eight duplexes, with plenty of onsite parking. Conveniently some of the units are vacant allowing you to make updates and maximize the rent potential. Note that many units are under-rented, or vacant. The single family home has 3 bedrooms and 2 bathrooms, and is 1,498sf on a 6,028sf lot. Live in this home and have your 22 door investment near at hand! All the other units are 1 bedroom/1 bathroom and approx. 600 sf. Located near China Lake Naval Air Station and close to shopping, these properties, at capacity, offer excellent cash flow for years to come. The property is lower maintenance and nicely located. Note this is a probate sale, subject to court confirmation and overbid. Six properties are to be sold at the same time (ask your agent for details). Please do not walk property.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features Yard Number Of Separate Electric Meters 19 Parking Total 19 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 58100 Gross Scheduled Income 68160 Insurance Expense 3500 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Court ApprovalSubmit Net Operating Income 58100 New Construction YN No Number Of Separate Gas Meters 19 Number Of Separate Water Meters 3 Operating Expense 10000 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Probate Listing Trash Expense 1500 Water Sewer Expense 5000 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T00:31:17.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
 
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COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Jeremiah Carew of 3 Leaf Realty Inc (310-546-6300)