8318 Dogbane Avenue, California City, CA 93505
  • MLS#: 24408373 ( )
  • Street Address: 8318 Dogbane Avenue
  • Viewed: 1
  • Price: $689,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1989
  • Bldg sqft: 0
  • Days On Market: 126
  • Additional Information
  • County: KERN
  • City: California City
  • Zipcode: 93505
  • Provided by: The Collective Realty
  • Contact: Will Will
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Appliances
  1. Dishwasher
Building Area Total
  1. 5280.00
Construction Materials
  1. Stucco
  2. Wood Siding
Cooling
  1. Central Air
Country
  1. US
Heating
  1. Central
Levels
  1. Two
Netoperatingincome
  1. 53575.00
Parcel Number
  1. 21322113001
Parking Features
  1. Carport
Pool Features
  1. None
Postalcodeplus4
  1. 1941
Roof
  1. Shingle
Sourcesystemkey
  1. 24-408373:CLAW
Spa Features
  1. None
Totalexpenses
  1. 25037.00
Year Built
  1. 1989
Zoning
  1. R3