Four-Unit
New
For Sale
$829,000
21107 Nemophilia Street, California City, CA 93505
Residential Income, California City, CA
Property Size3,130 SF
Lot Size0.17 Acres
Price / SF$264.86
Days on Market2
Property Features for 21107 Nemophilia Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
High Density Residential
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 8, Bedroom 5, Bedroom 7, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 4
Directions
Take CA-14 N toward California City. Exit at California City Blvd and head east. Turn left on Neuralia Rd, right on Redwood Blvd, then continue to Nemophilia St. Property is located at 21113 Nemophilia St.
Subdivision
17 - Kern Co/Mojave/Cal C
Standard status
Active
APN
213-231-02
Size
3,130 SF
Lot size
0.17 Acres
Utilities
Heating system
Natural Gas
Amenities
laundry on premises
Building Details
Year built
1985
Number of units
4
Building materials
Frame, Stucco, Shingle Siding
Listing Agency:
The Real Estate Place
(661) 206-2121
Listed By:
Erika Rubio · License #02012011
(661) 718-9106
Added: Sep 15
Last Checked: Sep 16 at 2:06AM
MLS# 26007188
Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex contains four distinct residential units totaling approximately 3,130 square feet. Each residence is configured with two bedrooms, one bathroom, a kitchen, and a living area, providing a consistent layout across the property. The building was constructed in 1985 and uses frame, stucco, and shingle siding construction, with natural gas heating. The roof was installed in 2004.
Set on 0.17 acres in California City, the property includes open parking behind the building and laundry facilities on the premises. High Density Residential zoning supports the property's multifamily configuration. The address is 21107 Nemophilia Street, California City, CA 93505.
Set on 0.17 acres in California City, the property includes open parking behind the building and laundry facilities on the premises. High Density Residential zoning supports the property's multifamily configuration. The address is 21107 Nemophilia Street, California City, CA 93505.
Key Highlights
- Four separate 2‑bedroom, 1‑bath units
- Approximately 3,130 square feet of total living space
- On‑site laundry facilities and open parking behind the building
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
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
253
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separate two-bedroom residences with on-site laundry and open parking.
Where is this quadplex located?
The property is located at 21107 Nemophilia Street 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 square feet of total living space; On‑site laundry facilities and open parking behind the building
