Sold for $240,000 on 07/19/24
Listing Provided by:
Jeremiah Carew DRE #01374136 310-714-1416,
REMAX AEGIS
Bought with: NONMEMBER MRML
$240,000
427 W Reeves Ave, Ridgecrest, CA 93555
16beds
--baths
2,500sqft
Quadruplex
Built in 1973
-- sqft lot
$247,100 Zestimate®
$96/sqft
$1,291 Estimated rent
Home value
$247,100
$220,000 - $279,000
$1,291/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
This property is sold with adjacent properties, and combined, offer a tremendous investment opportunity. The lot size is approximately 65,000sf, and living space approximately 15,000+sf, and a total of 23 doors, opportunity awaits in Ridgecrest. This listing comprises of one single family home, two triplexes, and eight duplexes, with plenty of onsite parking. Conveniently some of the units are vacant allowing you to make updates and maximize the rent potential. Note that many units are under-rented, or vacant.
The single family home has 3 bedrooms and 2 bathrooms, and is 1,498sf on a 6,028sf lot. Live in this home and have your 22 door investment near at hand! All the other units are 1 bedroom/1 bathroom and approx. 600 sf. Located near China Lake Naval Air Station and close to shopping, these properties, at capacity, offer excellent cash flow for years to come. The property is lower maintenance and nicely located.
Six properties are to be sold at the same time (ask your agent for details). Please do not walk property.
Zillow last checked: 8 hours ago
Listing updated: July 19, 2024 at 05:05pm
Listing Provided by:
Jeremiah Carew DRE #01374136 310-714-1416,
REMAX AEGIS
Bought with:
Christine Dosen, DRE #01947816
NONMEMBER MRML
Source: CRMLS,MLS#: SB24024701
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,500
- Total interior livable area: 2,500 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
Lot
- Size: 0.39 Acres
- Features: Yard
Details
- Parcel number: 41904104003
- Special conditions: Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Ridgecrest
Other
Other facts
- Listing terms: Submit
Price history
| Date | Event | Price |
|---|---|---|
| 7/19/2024 | Sold | $240,000$96/sqft |
Source: | ||
| 3/7/2024 | Pending sale | $240,000$96/sqft |
Source: | ||
| 2/3/2024 | Listed for sale | $240,000$96/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,348 +3.4% | $111,248 +2% |
| 2024 | $3,239 +2.4% | $109,068 +2% |
| 2023 | $3,163 +2.1% | $106,931 +2% |
Find assessor info on the county website
Neighborhood: 93555
Nearby schools
GreatSchools rating
- 6/10Richmond Elementary SchoolGrades: K-5Distance: 0.9 mi
- 5/10Murray Middle SchoolGrades: 6-8Distance: 1.1 mi
- 6/10Burroughs High SchoolGrades: 9-12Distance: 1.3 mi

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