Four-Unit Quadplex with
New
For Sale
$829,000
1-4-21107 Nemophilia St, California City, CA 93505
Four separate residences include kitchens, living areas, and on-site laundry.
Property Size3,130 SF
Price / SF$264.86
Days on Market5
Property Features for 1-4-21107 Nemophilia St
General Information
Standard status
Active
Size
3,130 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
open parking
laundry on the premises
Listing Agency:
The Real Estate Place
(661) 206-2121
Listed By:
Erika Rubio · License #02012011
(661) 718-9106
Source:
Exprealty
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 18 at 2:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Real Estate Place
Investment Insights
Based on property information with market context.
This quadplex at 1-4-21107 Nemophilia St comprises four individual two-bedroom, one-bath units totaling approximately 3,130 square feet. Each residence includes a kitchen and living area, creating a consistent layout across the property. The roof was installed in 2004, and laundry facilities are available on site.
Open parking is provided behind the building. The property is in California City near local shopping, services, and major roadways, adding convenient access to everyday amenities and transportation routes.
Open parking is provided behind the building. The property is in California City near local shopping, services, and major roadways, adding convenient access to everyday amenities and transportation routes.
Key Highlights
- Four separate 2‑bedroom, 1‑bath units
- Approximately 3, 130 sq. ft. of total living space
- Kitchens and living areas in each unit
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
$39,068
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
4.71%
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%
$781,360
$781.4K
Cap Rate 7%
$558,114
$558.1K
Cap Rate 9%
$434,089
$434.1K
Market Conditions
NOI Build-Up for 3,130 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
$57.5K $18.36/SF
− Vacancy
−$1.7K −$0.53/SF
EGI
$55.8K $17.83/SF
− OpEx
−$16.7K −$5.35/SF
NOI
$39.1K $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%
$781,360
Cap Rate 7%
$558,114
Cap Rate 9%
$434,089
Alternative Uses
Best Use
Multifamily LT 5
$558.1K
$488.4K – $651.1K
NOI $39,068 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$515.1K
$450.7K – $601.0K
NOI $36,058 @ 7.0% cap · market cap 4.35%
Theoretical Best
Warehouse
$668.7K
$585.1K – $780.1K
NOI $46,806 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
257
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separate residences include kitchens, living areas, and on-site laundry.
Where is this quadplex located?
The property is located at 1-4-21107 Nemophilia St California City, CA.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Four separate 2‑bedroom, 1‑bath units; Approximately 3, 130 sq. ft. of total living space; Kitchens and living areas in each unit
