$370,000 Price Analysis    ♡   Mojave, CA 93501 Unknown bed None bath 4,501 SqFt ($82/SqFt) 0.35 acre lot. Built 1929 Listed 2024-06-19, Taxes $3,216 | ✓ USDA Eligible near Actis, CA Restrictions may apply due to home size |
Priced for quick sale
Multi units residential development, approved for 10 units, currently plans in procss with county building and safety, property needs rehab , this is not ground up construction, there is existing 5, 000 sqft building on a 15, 000+ square feet lot lot , that provides extraordinary potential, this project will require a complete remodeling. The project received Kern county planning commission CUP approval to convert into a 10-unit apartment building consist of 5 studios and 5 one-bedroom units, all electric units with separate meters, no additions or major building alterations required, using the existing structure and available parking. Currently plans are in approval process with building and safety, rents in the area increased by a lot in recent years, proforma shows between $100-$130k in gross annual rents.
And with low expense ratio, cap rate is estimated to be between 7-10% once completed. With the new space port being developed in Mojave, alternative energy developments and Edwards Air Force base increasing activities, the rents in the area are in high demand. Mojave is 45 minutes from Bakersfield and 30 minutes from Lancaster. the building is secure and being guarded, seller may carry for qualified buyers, contact broker for more information and showing-Owner will consider carrying with experienced Person Agent Remarks: Amazing opportunity for the experienced Investor /Builder -The project received Kern county planning commission CUP approval to convert into a 10-unit apartment building consist of 5 studios and 5 one-bedroom units, all electric units with separate meters, no additions or major building alterations required, using the existing structure and available parking. Currently plans are in approval process with building and safety-
Presented by Joe Mayol at
Exp Realty Of California Inc.
Property MLS #SR24125466 from CRMLS
Lot Size Acres: 0.347
Lot Size Source: Assessor
Lot Size Square Feet: 15114
Parking Total: 3
Bedrooms in Unit-1: 10
Unit-1 Garage Spaces: 3
County: Kern
Source Property Type: Residential Income
Area: MOJV - Mojave
Source Neighborhood: MOJV - Mojave
Number of Separate Electric Meters: 1
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 23621210003
Postal Code Plus 4: 1705
Zoning: C-2 PD H F
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $224,000 + $46,000 $270,000 | $3,216 |
| 2021 | $9,000 + $45,000 $54,000 | $640 |
| 2020 | $31,859 + $19,114 $50,973 | $678 |
| 2019 | $31,235 + $18,740 $49,975 | $670 |
| 2018 | $30,623 + $18,373 $48,996 | $681 |
| 2017 | $30,023 + $18,013 $48,036 | $703 |
| 2016 | $29,435 + $17,660 $47,095 | $651 |
| 2015 | $28,993 + $17,395 $46,388 | $643 |
| 2014 | $28,426 + $17,055 $45,481 | $632 |
| 2013 | $28,298 + $16,978 $45,276 | $634 |
| 2012 | $27,744 + $16,646 $44,390 | $597 |
| 2011 | $27,200 + $16,320 $43,520 | $563 |
| 2010 | $52,299 + $34,399 $86,698 | $1,093 |
| 2009 | $52,424 + $34,481 $86,905 | $1,081 |
| 2007 | $51,397 + $33,805 $85,202 | $987 |
| 2006 | $50,390 + $33,143 $83,533 | $988 |
$370,000
CRMLS
Listed 2024-06-17
$370,000
GreaterAntelope
Listing removed 2024-06-05
$0
GreaterAntelope
Price Changed 2024-05-12
$380,000
GreaterAntelope
Listed 2024-04-05
$400,000
GreaterAntelope
Listing removed 2024-01-02
$0
CRMLS
Listing removed 2024-01-02
$0
GreaterAntelope
Price Changed 2023-08-29
$365,000
CRMLS
Price Changed 2023-08-29
$365,000
GreaterAntelope
Listed 2023-08-17
$299,000
GreaterAntelope
Listed 2023-08-16
$299,000
CRMLS
Listing removed 2023-07-07
$0
CRMLS
Listing removed 2023-07-07
$0
GreaterAntelope
Price Changed 2023-06-28
$329,000
CRMLS
Price Changed 2023-06-28
$329,000
GreaterAntelope
Price Changed 2023-06-05
$345,000
CRMLS
Price Changed 2023-06-05
$345,000
GreaterAntelope
Price Changed 2023-05-30
$350,000
CRMLS
Price Changed 2023-05-30
$350,000
GreaterAntelope
Price Changed 2023-05-21
$378,000
CRMLS
Listed 2023-05-08
$398,000
CRMLS
Price Changed 2023-04-27
$398,000
GreaterAntelope
Listed 2023-04-24
$438,000
GreaterAntelope
Listing removed 2023-03-08
$498,000
CRISNET
Listed 2023-01-11
$498,000
CRISNET
Listing removed 2022-09-27
$448,000
CRISNET
Price Changed 2022-05-05
$448,000
CRISNET
Price Changed 2022-03-16
$495,000
CRISNET
Listed 2022-03-02
$525,000
CRISNET
Sold 2021-12-20
$270,000
CRMLS
Year Built: 1929
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
Foundation Details: Combination, Slab
Property Age: 95
Levels or Stories: One
Building Total Stories: 1
Structure Type: Commercial/Residential
House Style: Contemporary
Year Built Source: Assessor
Water Source: Public
Map directions Map directions
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.