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HOT 6611 CALIFORNIA CITY BLVD CALIFORNIA CITY, CA 93505
- Townhouse or Condo / Resale (MLS)
Property Details for 6611 CALIFORNIA CITY BLVD, CALIFORNIA CITY, CA 93505
Features
- Price/sqft: $128
- Lot Size: 10454 sq. ft.
- Total Units: 6
- Stories: 2
- Roof Type: HIP
- Heating: Central Furnace
- Construction Type: Frame
Facts
- Year Built: 01/01/1991
- Property ID: 898656747
- MLS Number: 24-408375
- Parcel Number: 218-114-18-00-0
- Property Type: Townhouse or Condo
- County: KERN
- Legal Description: TRACT 2726 , BLOCK , LOT 282
- Zoning: RM1/RM2
- Listing Status: Active
Pre-Foreclosure Info
- Date Defaulted Lien: 07/03/2024
- Recording Date: 07/03/2024
- Recording Year: 2024
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. Reduced Price! Motivated Seller! Welcome to 6611 California City Blvd., a prime investment opportunity in California City close to the highway. This expansive property boasts six 2-bedroom, 2-bathroom apartment units spanning approximately 5,200 sq. feet. There are currently four vacant units, two of which are remodeled/ move-in ready, and two that the buyer can upgrade to their liking. Great value-add opportunity! At approximately a quarter acre, the lot has the possibility to expand with additional units. 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. The property not only offers convenience but also promises great rental income potential making it an ideal choice for savvy investors seeking long-term returns. Fully rented at market, the property has a pro forma income of $87,540, giving it an incredible 7.76 GRM and 9.1% cap rate. Can be purchased together with another six unit property at 8318 Dogbane Ave, California City.
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Bargain Price Bargain Buy - Save Over 20% The Asking Price for this home is at least 20% below the Estimated Value. Buying a home at a price below the market value can save thousands of dollars and create wealth in home equity faster.
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Property Brokerage:
The Collective
8278 1/2 SANTA MONICA BLVD
West Hollywood
CA
90046
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.