California City, CA 93505,6611 California City Blvd
California City, CA 93505,6611 California City Blvd
California City, CA 93505,6611 California City Blvd
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$679,000
Est. payment /mo
5,284 SqFt
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UPDATED:

09/27/2024 06:18 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,284 sqft

Price per Sqft $128

MLS Listing ID 24-408375

Year Built 1991

Lot Size 10,454 Sqft

Acres 0.24

Property Description

Reduced Price! Motivated Seller! Welcome to 6611 California City Blvd., a prime investment opportunity in California City close to the highway. This expansive property boasts six 2-bedroom, 2-bathroom apartment units spanning approximately 5,200 sq. feet. There are currently four vacant units, two of which are remodeled/ move-in ready, and two that the buyer can upgrade to their liking. Great value-add opportunity! At approximately a quarter acre, the lot has the possibility to expand with additional units. 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. The property not only offers convenience but also promises great rental income potential making it an ideal choice for savvy investors seeking long-term returns. Fully rented at market, the property has a pro forma income of $87,540, giving it an incredible 7.76 GRM and 9.1% cap rate. Can be purchased together with another six unit property at 8318 Dogbane Ave, California City.

Location

State CA

County Kern

Area California City

Zoning RM1/RM2

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Dishwasher, Gas Dryer Hookup, Range/Oven, Stackable W/D Hookup

Exterior

Garage Garage - 1 Car

Garage Spaces 6.0

Pool None

Waterfront Description None

View Y/N Yes

View Desert

Roof Type Tile

Building

Story 2

Sewer Septic Tank

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by The Collective Realty

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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