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2259 Inyo Street

Mojave, CA 93501
  • $448,000
  • STATUS: Active
  • ON SITE: 165 Days
  • ID#: SR22040643
UPDATED: 69 min ago
$448,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

Description

Fantastic development opportunity!!!! multi use residential building, property is in bad condition and will need a complete rehab. the owner is in the process of converting the building into a 10-unit apartment building, using the existing structure. the potential is huge, the proforma will show 8-10% cap and between 6- 8 gross multiplier once the project is completed. you can't find these numbers anywhere nowadays. this is a 4500 sqft existing building with an additional structure and a 3-car garage/ storage, ample parking and much more potential to add. Mojave is growing and has high demand for rentals with better quality tenants than ever before, Edwards air base just minutes away, aerospace, solar and wind energy and many other programs are being worked on all over the Mojave area, city of Mojave is just 45 minutes from Bakersfield and 30 minutes form Lancaster. the building is secure and being guarded. listing broker is member of the owning entity, contact the agent for more detailed information and numbers.seller may be willing to carry (restrictions may apply)

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Based on information from CRISNet MLS as of 2022-08-14T16:57:21.87. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2022-08-14T16:57:21.87. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.trulinerealty.com/homes/126246892
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2259 Inyo Street Mojave, CA 93501

  • Price: $448,000
  • Status: Active
  • On Site: 165 Days
  • Updated: 69 min ago
  • ID#: SR22040643
0
Beds
0
Baths
0
½ Baths
0.35
Acres
1929
Built
Neighborhood:
Mojv - Mojave
County:
Kern
Area:
Mojv - Mojave
Property Description
Fantastic development opportunity!!!! multi use residential building, property is in bad condition and will need a complete rehab. the owner is in the process of converting the building into a 10-unit apartment building, using the existing structure. the potential is huge, the proforma will show 8-10% cap and between 6- 8 gross multiplier once the project is completed. you can't find these numbers anywhere nowadays. this is a 4500 sqft existing building with an additional structure and a 3-car garage/ storage, ample parking and much more potential to add. Mojave is growing and has high demand for rentals with better quality tenants than ever before, Edwards air base just minutes away, aerospace, solar and wind energy and many other programs are being worked on all over the Mojave area, city of Mojave is just 45 minutes from Bakersfield and 30 minutes form Lancaster. the building is secure and being guarded. listing broker is member of the owning entity, contact the agent for more detailed information and numbers.seller may be willing to carry (restrictions may apply)
Exterior Features

Levels One Lot Features 6-10 Units/Acre Lot Size Area 15114.0000 Parking Total 3.00

Interior Features

Common Walls 2+ Common Walls Laundry Features Common Area Laundry YN Yes

Property Features

Additional Parcels YN No Community Features Mountainous Land Lease YN No New Construction YN No Pool Features None Pool Private YN No Property Attached YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Water Source Public Zoning C-2 Pd H F

Listing provided courtesy of Ami Tabak, CA DRE# 01961197, of Sandstone Realty Inc..


Based on information from CRISNet MLS as of 2022-08-14T16:57:21.87. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2022-08-14T16:57:21.87. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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