2-Unit
New
For Sale
$379,900
8909 N Loop Boulevard, California City, CA 93505
Residential Income, California City, CA
Property Size1,700 SF
Lot Size0.24 Acres
Price / SF$223.47
Days on Market2
Property Features for 8909 N Loop Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
RM1/RM2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3
Directions
California City Blvd. over to North Loop Blvd., over to Corwin St.
Subdivision
17 - Kern Co/Mojave/Cal C
Standard status
Active
APN
208-170-01
Size
1,700 SF
Lot size
0.24 Acres
Utilities
Cooling system
Central Air
Building Details
Year built
2026
Number of units
2
Building materials
Stucco, Shingle Siding
Listing Agency:
West Coast Realty
(760) 373-9200
Listed By:
Leland Krelle · License #01308255
(760) 373-4633
Added: Sep 30
Last Checked: Oct 1 at 1:06PM
MLS# 26007536
Copyright © 2026 Greater Antelope Valley Association of Realtors. 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 duplex contains two residences, each with 2 bedrooms, 1 bathroom, and an 850-square-foot layout. Both units include a one-car garage. The building totals 1,700 square feet on a 0.24-acre parcel and is under construction, with 2026 listed as the year built.
Central air serves the property, which has stucco and shingle siding. The zoning designation is RM1/RM2.
Central air serves the property, which has stucco and shingle siding. The zoning designation is RM1/RM2.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 850 square feet per unit; 1,700 square feet total
- One‑car garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,219
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$424,380
$424.4K
Cap Rate 7%
$303,129
$303.1K
Cap Rate 9%
$235,767
$235.8K
Market Conditions
NOI Build-Up for 1,700 SF
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.
Gross rent
$31.2K $18.36/SF
− Vacancy
−$899 −$0.53/SF
EGI
$30.3K $17.83/SF
− OpEx
−$9.1K −$5.35/SF
NOI
$21.2K $12.48/SF
Area
Kern County, CA
Vacancy
2.88%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$424,380
Cap Rate 7%
$303,129
Cap Rate 9%
$235,767
Alternative Uses
Best Use
Multifamily LT 5
$303.1K
$265.2K – $353.7K
NOI $21,219 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$279.8K
$244.8K – $326.4K
NOI $19,584 @ 7.0% cap · market cap 5.16%
Theoretical Best
Warehouse
$363.2K
$317.8K – $423.7K
NOI $25,422 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 93505, CA
14,880
Population
5,352
Households
2.8
Avg Household Size
35
Median Age
11%
College-Educated
79%
High-School Grad
65.0 sq mi
ZIP Area
229
Density / Sq Mi
$55,010
Median Household Income
$32,590
Median Earnings
$1,016
Median Rent
$239,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residences are planned with private garages and central air conditioning.
Where is this duplex located?
The property is located at 8909 N Loop Boulevard California City, CA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 850 square feet per unit; 1,700 square feet total; One‑car garage for each residence
