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    138-A S Locust St Ridgecrest, CA 93555

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    Contact for pricing

    Multi Family - Ridgecrest, CA

    Type:Multi Family
    Property size:
    1,600 SF
    Lot size:
    0.39 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 4 at 10:06 am

    Property Features for 138-A S Locust St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    R-2
    Rooms
    Bedroom 1, Bedroom 2
    Bedrooms
    2
    APN
    343-230-29
    Interior features
    Ceiling Fans, Flooring- Tile, Flooring- Vinyl
    Exterior features
    Sidewalks, Trees
    Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
    Size
    1,600 SF
    Lot size
    0.39 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Evaporative Cooling

    Building Details

    Year built
    1985
    Number of units
    1
    Flooring type
    Tile, Vinyl
    Building materials
    Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Charyce McGrew

    Vaughn Realty (760) 446-6561

    Listing agent Charyce McGrew (760) 446-6561 License #01303223

    Listing date Jan 31, 2026

    MLS# 2608023 Listing URL

    Copyright © 2026 Southern Sierra MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Ridgecrest Fourplex For Sale

    This newly renovated one-story fourplex, totaling 1600 square feet and situated on a 0.39-acre lot, features four 890 sq. ft. units, each with 2 bedrooms and 2 bathrooms. Each unit includes an L-shaped kitchen with an eat-in dining area, stainless steel appliances including a built-in microwave, Calcutta Quartz countertops with a peninsula, and tile flooring. A new sliding glass door in each kitchen provides access to the backyard area. The living rooms feature water-resistant vinyl faux wood flooring and a ceiling fan. Tile flooring extends through the hallways and both bathrooms. The bedrooms have vinyl water-resistant faux wood flooring, sliding mirrored closet doors, and ceiling fans. The primary bedroom includes an en suite bathroom with new cabinetry, a tub & shower combo, and a new toilet. The guest bathroom also has new cabinetry, a tub & shower combo, and a toilet. Hallways feature built-in linen and storage closets, shelving, and quartz countertops. Each unit has washer/dryer hook-ups located in the garage. The property has evaporative cooling and a forced air heating unit. Each unit includes a small bistro fenced-in patio. The property is zoned R-2. Each unit has separate garages and no shared walls.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Building Supply Gym & Fitness Center Daycare Center Skin Care Clinic Auto Repair Shop Kitchen & Bath Showroom Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ridgecrest
    County
    Kern
    State
    California
    Longitude
    -117.6441053
    Latitude
    35.6208633

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    FAQs

    What type of property is this?
    Quadplex - Newly renovated fourplex featuring modern amenities and separate garages.
    Where is this quadplex located?
    The property is located at 138-A S Locust St Ridgecrest, CA.
    What are key features of this property?
    This property features: - Newly renovated with modern finishes including Calcutta Quartz countertops, stainless steel appliances, and new cabinetry in bathrooms.; - No shared walls and separate garages offer enhanced privacy and independent living.; - Two bedrooms and two bathrooms within 890 sq. ft. provides comfortable living space.
    (760) 446-6561
    Request Owner's contact information
    138-A S Locust St Ridgecrest, CA 93555
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    Ridgecrest, CA 93555
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    138-A S Locust St Ridgecrest, CA 93555
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    We can help!
    Listing Contact
    Charyce McGrew
    Real Estate License ID: 01303223
    (760) 446-6561
    Learn more
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