20961 83rd St - Apartments FOR SALE


California City, CA 93505
$999,999 USD
805-272-5218
20961 83rd St, California City, CA for Sale
$999,999 USD
Apartments - FOR SALE
1/13
null | 8% Cap Rate

20961 83rd St
California City, CA 93505


OVERVIEW

Introducing an exceptional investment opportunity at 20961 83rd Street, California City, California! This two-story multi-family apartment building comprises eight units, offering a lucrative investment prospect for discerning buyers. The property features a well-designed layout, with four units consisting of 2 bedrooms and 2 bathrooms, and the remaining four units featuring 1 bedroom and 1 bathroom each. This diverse configuration caters to various tenant preferences, enhancing the property's rental potential. With a focus on easy maintenance, the exterior of the property is designed for efficiency, minimizing upkeep requirements and allowing for seamless property management. This ensures that property owners can enjoy hassle-free ownership and optimize their investment returns. Additionally, the property offers an easy commute to Lancaster, with a range of amenities and employment opportunities - Edwards Air Force Base is located nearby as well. This convenient access enhances the property's appeal to potential tenants and contributes to its long-term viability as an investment. Whether you're a seasoned investor seeking to expand your portfolio or a newcomer looking to enter the real estate market, the property presents an enticing opportunity. Buyer to cooperate with seller's 1031 tax deferred exchange at no additional cost to buyer. Currently, 7 of the 8 units are rented with the remaining unit to be occupied on 2/10/25. Many of the units have been refurbished, including several of the kitchens (new fixtures, cabs & countertops), upgraded flooring, bathroom sinks/vanities, energy-efficient windows, dishwashers (in 2 units), toilets, and plumbing. All information provided is deemed reliable, but is not guaranteed and should be independently verified. Buyers and Buyer's agent to perform their due diligence and investigations to satisfy themselves in all aspects of the property including number of rooms, baths, square footage.

FOR SALE DETAILS

PRICE

$999,999 USD

PRICE/SF

$166 USD /SF

# OF UNITS

8

PRICE/UNIT

$125,000

CAP RATE

8%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

RM1/RM2

APN/PARCEL ID

203-141-02-00-3

ASK ABOUT THIS PROPERTY

Raymond DeckertKeller Williams West Ventura CountyMore Info
805-272-5218

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Raymond DeckertKeller Williams West Ventura CountyMore Info
805-272-5218

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.