6611 California City Boulevard, California City, CA 93505
-
Listed Price :
$679,000
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Beds :
0
-
Baths :
-
Property Size :
5,284 sqft
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Year Built :
1991
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.
Interior Features
| Laundry Information |
| Location(s) |
Stacked |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
6611 California City Boulevard |
| City |
California City |
| State |
CA |
| Zip |
93505 |
| County |
Kern |
| Listing Agent |
Will Tiao DRE #01918965 |
| Co-Listing Agent |
Bryan Danna DRE #02149282 |
| Courtesy Of |
The Collective Realty |
| List Price |
$679,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
5,284 |
| Lot Size |
10,454 |
| Year Built |
1991 |
Listing information courtesy of: Will Tiao, Bryan Danna, The Collective Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 5:41 PM 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.
