Mixed-Use Income
16 Tobias St Kernville, CA
16 Tobias St, Kernville, CA, 00000
$775,000
For Sale
$775,000
Two-story building with flexible first-floor retail space and three upstairs apartments.
Property Size5,570 SF
Price / SF$139.14
Days on Market113
Property Features for 16 Tobias St
General Information
- Standard status
- Active
- Size
- 5,570 SF
Listing agency
Miramar Realty - Lake Isabella
(760) 417-2444
Listed by
Julie Jones · License #01366537
(760) 417-2444
Source
Exprealty
Added: Mar 31 Updated: Jul 20 at 11:45PM Checked: Jul 20 at 11:45PM
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 Miramar Realty - Lake Isabella
Investment Insights
Based on property information with market context.
This two-story mixed-use income building combines a large first-floor commercial area with three apartments on the second floor. The ground level totals 3,300 square feet and is set up to be leased as one space or divided into three separate units. Each unit has its own electric meter, with shared access to restrooms and a laundry facility, plus private rear entrances and ample parking.
Upstairs, the building includes three rentable apartments. Units #1 and #2 are 440-square-foot layouts with a living area, kitchen, bedroom, and a 3/4 bath. Unit #3 is the largest, at 1,540 square feet, and was previously customized as the owner’s residence, with two bedrooms, two bathrooms, an office, a living room with vaulted ceilings, a propane fireplace, and access to a covered patio overlooking Circle Park. The upstairs units also share an outdoor deck.
A brand-new 50-year “Cool Roof” has been installed for long-term durability.
Upstairs, the building includes three rentable apartments. Units #1 and #2 are 440-square-foot layouts with a living area, kitchen, bedroom, and a 3/4 bath. Unit #3 is the largest, at 1,540 square feet, and was previously customized as the owner’s residence, with two bedrooms, two bathrooms, an office, a living room with vaulted ceilings, a propane fireplace, and access to a covered patio overlooking Circle Park. The upstairs units also share an outdoor deck.
A brand-new 50-year “Cool Roof” has been installed for long-term durability.
Key Highlights
- Two‑story commercial building in Kernville, CA, located right on Circle Park
- First floor offers 3,300 sq ft flexible retail space: lease as one unit or split into three with separate electric meters
- First‑floor layout includes shared restrooms and a laundry facility, plus private rear entrances and ample parking
Local Financial Insights For Multifamily LT 5
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 | $102.3k | $18.36 |
| − Vacancy | −$2.9k | −$0.53 |
| EGI | $99.3k | $17.83 |
| − OpEx | −$29.8k | −$5.35 |
| NOI | $69.5k | $12.48 |
5,570 SF · lease $18.36/SF/yr · vacancy 2.88% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$993.2K
$869.1K – $1.16M
NOI $69,524 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$916.7K
$802.1K – $1.07M
NOI $64,167 @ 7.0% cap · market cap 8.28%
Theoretical Best
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,294 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Two-story building with flexible first-floor retail space and three upstairs apartments.
Where is this triplex located?
The property is located at 16 Tobias St Kernville, CA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Two‑story commercial building in Kernville, CA, located right on Circle Park; First floor offers 3,300 sq ft flexible retail space: lease as one unit or split into three with separate electric meters; First‑floor layout includes shared restrooms and a laundry facility, plus private rear entrances and ample parking
