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    933-B W Atkins Ave Ridgecrest, CA 93555

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    Contact for pricing

    Multi Family - Ridgecrest, CA

    Type:Multi Family
    Property size:
    1,600 SF
    Lot size:
    0.19 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 31 at 10:06 pm

    Property Features for 933-B W Atkins Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    R-2
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    APN
    453-062-08
    Interior features
    Fireplace, Flooring- Tile, Flooring- Laminate
    Exterior features
    Outdoor Lighting, Fenced- Partial
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Garbage Disposer, Refrigerator, Washer
    Size
    1,600 SF
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Evaporative Cooling

    Building Details

    Year built
    1985
    Number of units
    1
    Flooring type
    Laminate, Tile
    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 29, 2026

    MLS# 2605788 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

    Overview

    Ridgecrest Multifamily Property For Sale

    This multifamily property is located in Ridgecrest, California. Each unit features 3 bedrooms and 2 bathrooms. The country-style kitchens have tile flooring and sliding doors that open to a small covered patio. The living rooms include a stone fireplace. New laminate flooring has been installed in the living room and hallway, with new carpet in the bedrooms. The master and guest bathrooms feature tile flooring. The master bedroom includes an en suite and a walk-in closet. Each unit is equipped with washer and dryer hook-ups in the garage, evaporative cooling, and forced air heating. A refrigerator is provided, but not warrantied. The property is situated on a lot of approximately 0.19 acres. The property size is approximately 1600 square feet. The zoning is R-2.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Ridgecrest
    County
    Kern
    State
    California
    Longitude
    -117.6894531
    Latitude
    35.6505106

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    FAQs

    What type of property is this?
    Duplex - Multifamily property featuring updated units in Ridgecrest, California.
    Where is this duplex located?
    The property is located at 933-B W Atkins Ave Ridgecrest, CA.
    What are key features of this property?
    This property features: - Master bedroom featuring an en suite and walk-in closet; - Enjoy new flooring, including laminate in the living room and hallway, and carpet in the bedrooms; - Stone fireplace creates a cozy focal point in the living room
    (760) 446-6561
    Request Owner's contact information
    933-B W Atkins Ave 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
    933-B W Atkins Ave 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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