8318 Dogbane Ave

  • $749,000
For Sale Kern County, California City
8318 Dogbane Ave, California City, CA 93505, USA
8318 Dogbane Ave exterior photo 8318 Dogbane Ave exterior photo 8318 Dogbane Ave exterior photo 8318 Dogbane Ave exterior photo 8318 Dogbane Ave exterior photo 8318 Dogbane Ave kitchen 8318 Dogbane Ave bedroom 8318 Dogbane Ave bedroom 8318 Dogbane Ave bedroom 8318 Dogbane Ave bathroom 8318 Dogbane Ave kitchen and dining room
  • Multifamily
  • Property Type
  • 6
  • Number of Units
  • 7.73
  • Cap Rate
  • 9.50
  • GRM
For Sale
8318 Dogbane Ave, California City, CA 93505, USA
  • $749,000

Overview

  • Multifamily
  • Property Type
  • 6
  • Number of Units
  • 7.73
  • Cap Rate
  • 9.50
  • GRM

Description

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, offering a fresh and modern appeal that tenants will love. Whether you’re looking to expand your rental portfolio or start anew, this property promises great potential and value. 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 9.5 and a cap rate of 7.73%. Can be purchased together with another six unit property at 6611 California City Blvd., California City.

Details

  • Property Type: Multifamily
  • Property Status: For Sale
  • Property Size: 5,280 Sq Ft
  • Lot Size: 7,841 Sq Ft
  • Bedrooms: 12
  • Bathrooms: 6
  • Year Built: 1989
  • Price: $749,000
  • Number of Units: 6
  • GRM: 9.50
  • Price/SqFt: $141.86
  • CAP: 7.73
  • Address 8318 Dogbane Ave
  • City Kern County
  • State/county California
  • Zip/Postal Code 93505
  • Area California City

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