Ridgecrest Income-Producing Duplex For
640 Commercial Ave Ridgecrest, CA 93555
For Sale
$249,000
MULTI_FAMILY - Ridgecrest, CA
Property Size1,672 SF
Lot Size0.15 Acres
Price / SF$148.92
Days on Market80
Property Features for 640 Commercial Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Duplex
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1
Interior features
Flooring- Tile, Flooring- Carpet
Appliances
Water Heater- Nat. Gas, Dishwasher, Garbage Disposal, Oven/Range, Refrigerator, W/D Hookups
Standard status
Active
APN
080-051-38
Size
1,672 SF
Lot size
0.15 Acres
Utilities
Heating system
Natural Gas
Cooling system
Evaporative Cooling
Building Details
Year built
1976
Number of units
2
Roof type
Composition
Listing Agency:
TNT Western Homes Inc.
(760) 384-0000
Listed By:
Timothy D. Jacobs · License #1468735
(760) 384-0000
Added: May 11
Changed: Jul 28
Last Checked: Jul 29 at 7:06AM
MLS# 2608424
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.
Investment Insights
Based on property information with market context.
This income-producing duplex is located at 640 Commercial Ave, Ridgecrest, CA 93555. Constructed in 1976, this single-story duplex contains approximately 1,672 square feet of living space and sits on a 6,534 square foot lot. The property is zoned R-2. Each unit features 2 bedrooms and 1 bathroom, and floor/wall furnace heating. Good parking is available. This property presents an opportunity for investors or owner-occupants looking to house-hack by living in one unit and renting out the other. The location is in a strong rental market near the Naval Air Weapons Station, ensuring steady tenant demand. This is a great opportunity for cash flow and long-term appreciation.
Key Highlights
- 1976‑built single‑story duplex at 640 Commercial Ave in Ridgecrest, CA (2 units; 1 bed/bath per unit per layout described).
- Approx. 1,675 total SF on a 6,534 SF lot with R‑2 zoning.
- Natural gas heating with evaporative cooling.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.7k | $18.36 |
| − Vacancy | −$884 | −$0.53 |
| EGI | $29.8k | $17.83 |
| − OpEx | −$8.9k | −$5.35 |
| NOI | $20.9k | $12.48 |
1,672 SF · lease $18.36/SF/yr · vacancy 2.88% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$298.1K
$260.9K – $347.8K
NOI $20,870 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$275.2K
$240.8K – $321.0K
NOI $19,262 @ 7.0% cap · market cap 7.74%
Theoretical Best
Warehouse
$357.2K
$312.5K – $416.7K
NOI $25,003 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex in a strong rental market near Naval base.
Where is this duplex located?
The property is located at 640 Commercial Ave Ridgecrest, CA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1976‑built single‑story duplex at 640 Commercial Ave in Ridgecrest, CA (2 units; 1 bed/bath per unit per layout described).; Approx. 1,675 total SF on a 6,534 SF lot with R‑2 zoning.; Natural gas heating with evaporative cooling.
