$335,000
THIS FOUR ON A LOT PROPERTY IS ON AUTO-PILOT, MGMNT CO HANDLES EVERYTHING. Exceptional multi-unit investment opportunity in the heart of Ridgecrest! This Four on a lot offers four individual homes on a 13,504 sq ft lot, totaling 2,568 sq ft of living space. Each home provides comfortable layouts with strong rental demand and low turnover in a stable desert community. Front homes are 2/1, rear homes 1/1 . Built in 1959, the property has stood the test of time and continues to perform with consistent occupancy and a 6.8% annual ROI. Tenants enjoy ample off-street parking, and convenient proximity to shopping, dining, and the Naval Air Weapons Station China Lake. Perfect for investors seeking reliable income with minimal management headaches. A local property management company oversees day-to-day operations, making this a turnkey asset with dependable cash flow and future upside potential. With a mix of strong market rents and steady demand from the Ridgecrest workforce, this property is ideal for anyone looking to grow or diversify their portfolio in a high-yield, low-maintenance market.
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Listed by Ronald Sandoval with THE REALTY SHOP (909) 241-3362
Property Type
Quadruplex
Status
Active
MLS Number
CV25246695
Year Built
1959
Lot Size
0.31 acres