8318 Dogbane Ave Active Save Request In-Person Tour Request Virtual Tour
California City,CA 93505
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,280 sqft
Price per Sqft $130
MLS Listing ID 24-408373
Year Built 1989
Lot Size 7,841 Sqft
Acres 0.18
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 California City
Zoning R3
Rooms
Other Rooms None
Interior
Heating Central
Cooling Central
Equipment Dishwasher, Range/Oven
Exterior
Garage Carport
Pool None
Roof Type Shingle
Building
Story 2
Level or Stories Two
Structure Type Stucco, Wood Siding
Others
Special Listing Condition Standard