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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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    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#: SB24024701MLS LogoOriginating 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

    DateEventPrice
    7/19/2024Sold$240,000$96/sqft
    Source: CRMLS #SB24024701
    3/7/2024Pending sale$240,000$96/sqft
    Source: CRMLS #SB24024701
    2/3/2024Listed for sale$240,000$96/sqft
    Source: CRMLS #SB24024701

    Public tax history

    YearProperty taxesTax 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
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