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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.
Last Updated | 8/23/2024 | Year Built | 1989 |
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Community | California City | County | Kern |
Price History
Prior to Aug 23, '24 | $749,000 |
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Aug 23, '24 - Today | $689,000 |
Additional Details
AIR | Central Air |
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AIR CONDITIONING | Yes |
APPLIANCES | Dishwasher |
AREA | California City |
CONSTRUCTION | Stucco, Wood Siding |
GARAGE | Carport |
HEAT | Central |
LOT | 7841 sq ft |
PARKING | Carport |
POOL DESCRIPTION | None |
STORIES | 2 |
ZONING | R3 |
Location
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