Well-Maintained 18-Unit Apartment
15430-15436 Meyer Road Mojave, CA 93501
15430-15436 Meyer Road, Mojave, CA, 93501
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For Sale
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Well-maintained 18-unit multifamily property with on-site storage units and ample parking for tenants and guests.
Property Size11,598 SF
Price / SF$168.13
Days on Market102
Property Features for 15430-15436 Meyer Road
General Information
- Standard status
- Active
- Size
- 11,598 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1988
Listing agency
The Mora Partners, Inc
(661) 564-8409
Listed by
Eric Mora · License #CA DRE02227690
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 5:08AM Checked: Jul 21 at 5:08AM
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 Mora Partners, Inc
Investment Insights
Based on property information with market context.
This well-maintained 18-unit apartment building is offered for sale and includes an additional on-site storage component that can support extra revenue. The property is described as having a diverse unit mix, and it includes an expansive parking area intended to provide convenient access for tenants and guests.
The property is located at 15430–15436 Meyer Road in Mojave, CA 93501.
As presented, the building combines residential units with dedicated storage and parking, offering a straightforward multifamily configuration for buyers seeking a manageable, turnkey-style asset.
The property is located at 15430–15436 Meyer Road in Mojave, CA 93501.
As presented, the building combines residential units with dedicated storage and parking, offering a straightforward multifamily configuration for buyers seeking a manageable, turnkey-style asset.
Key Highlights
- Well‑maintained 18‑unit multifamily property built in 1988
- Diverse unit mix across the 18 units
- Additional on‑site storage units for extra revenue potential
Local Financial Insights For Apartment 5plus
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 | $250.5k | $21.60 |
| − Vacancy | −$7.6k | −$0.65 |
| EGI | $242.9k | $20.95 |
| − OpEx | −$109.3k | −$9.43 |
| NOI | $133.6k | $11.52 |
11,598 SF · lease $21.60/SF/yr · vacancy 3.03% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.91M
$1.67M – $2.23M
NOI $133,609 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.48M
$2.17M – $2.89M
NOI $173,437 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Well-maintained 18-unit multifamily property with on-site storage units and ample parking for tenants and guests.
Where is this multifamily property located?
The property is located at 15430-15436 Meyer Road Mojave, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Well‑maintained 18‑unit multifamily property built in 1988; Diverse unit mix across the 18 units; Additional on‑site storage units for extra revenue potential
