8318 Dogbane Avenue, California City, CA 93505
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Listed Price :
$689,000
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Beds :
0
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Baths :
-
Property Size :
5,280 sqft
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Year Built :
1989
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.
Interior Features
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
8318 Dogbane Avenue |
| 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 |
$689,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
5,280 |
| Lot Size |
7,841 |
| Year Built |
1989 |
Listing information courtesy of: Will Tiao, Bryan Danna, The Collective Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 27th, 2024 at 6:34 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.
