8318 Dogbane Avenue
California City, CA 93505
$60,000.00 (-8.01%)
Active for $689,000
Beds: 0 Baths: Structure Size: 5,280 sqft Lot Size: 7,841 sqft
| MLS | 24408373 |
| Year Built | 1989 |
| Property Type | |
| County | Kern |
| Status | Active |
| Active | $689,000 |
| Structure Size | 5,280 sqft |
| Lot Size | 7,841 sqft |
| Beds | 0 |
| Baths |
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.
Listing information courtesy of: Will Tiao, The Collective Realty . *Based on information from the Association of REALTORS/Multiple Listing as of 11/10/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Kimberly Inocente
REALTOR®
Direct: 661.527.3752
Email: Email Me
DRE: 01995815
DRE #01873088
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