$380,000 Price Analysis 2259 Inyo StMojave, CA 93501 10 bed 10 bath 4,501 SqFt ($84/SqFt) 0.35 acre lot. Built 1929 Listed 2024-04-05, Taxes $3,216 | ✓ USDA Eligible near Actis, CA Restrictions may apply due to home size |
This property is ready for you to turn it into 10 units (city plans are in the works). Each unit should rent for about $900 which show $9, 000/month. At cap rat of 6% and 25% vacancy rate. This property can be worth about 1.3M.
The estimated cost of renovation is between $300K-$400K. It has been a church, motel and apartment complex in the p ast. Potentially a group home. Mojave is 30 minutes from Palmdale and EAFB. Check out Aerotech News to see upcoming plans for Mojave. This opportunity is for the savvy investor.
Presented by Desirea Mosman at
eXp Realty of California Inc.
Property MLS #24002418 from GreaterAntelope
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 |
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.