CA > California City
California City, CA 93505,8318 Dogbane Ave
California City, CA 93505,8318 Dogbane Ave
California City, CA 93505,8318 Dogbane Ave
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$689,000
Est. payment /mo
5,280 SqFt
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UPDATED:

09/27/2024 06:19 PM

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

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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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