Well-Maintained 18-Unit Apartment
For Sale
Contact for pricing
Pending
15430-15436 Meyer Road, Mojave, CA 93501
Well-maintained 18-unit multifamily property with on-site storage units and ample parking for tenants and guests.
Property Size11,598 SF
Days on Market197
Property Features for 15430-15436 Meyer Road
General Information
Standard status
Pending
Size
11,598 SF
Property subtype
Multifamily
Zoning
R-3 PD FPS
Additional Details
Business Included
Yes
Multifamily Units
18
Building Details
Year Built
1988
Buildings
4
Stories
2
Units
18
Listing Agency:
The Mora Partners, Inc
Listed By:
Eric Mora · License #CA DRE02227690
(661) 463-8186
Source:
Crexi
Added: Apr 11
Changed: Oct 10
Last Checked: Oct 23 at 4:42AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,609
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,672,180
$2.7M
Cap Rate 7%
$1,908,700
$1.9M
Cap Rate 9%
$1,484,544
$1.5M
Market Conditions
NOI Build-Up for 11,598 SF
Gross rent
$250.5K $21.60/SF
− Vacancy
−$7.6K −$0.65/SF
EGI
$242.9K $20.95/SF
− OpEx
−$109.3K −$9.43/SF
NOI
$133.6K $11.52/SF
Area
Kern County, CA
Vacancy
3.03%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,672,180
Cap Rate 7%
$1,908,700
Cap Rate 9%
$1,484,544
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 authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
18
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Explore this area
Business Placement
Demographics for 93501, CA
5,772
Population
2,416
Households
2.4
Avg Household Size
35
Median Age
7%
College-Educated
74%
High-School Grad
222.0 sq mi
ZIP Area
26
Density / Sq Mi
$55,372
Median Household Income
$37,500
Median Earnings
$1,175
Median Rent
$183,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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
