Four-Unit Quadplex with
For Sale
$710,000
21247 Madre St, Tehachapi, CA 93561
Four matching two-bedroom units feature updated kitchens and individual garages.
Property Size3,317 SF
Price / SF$214.05
Days on Market30
Property Features for 21247 Madre St
General Information
Standard status
Active
Size
3,317 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Parking per Unit
1
Building Details
Buildings
1
Listing Agency:
Country Real Estate
(661) 822-9093
Listed By:
Teresa A. Juergens
(661) 821-2053
Source:
Exprealty
Added: Aug 26
Changed: Sep 20
Last Checked: Sep 22 at 9:30PM
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 Country Real Estate
Investment Insights
Based on property information with market context.
This quadplex contains four residential units on one parcel, with each unit offering two bedrooms, one bathroom, and an updated kitchen. The property includes four single-car garages, providing dedicated parking for the units. Consistent layouts throughout the building create a uniform configuration across all four residences.
Located in Tehachapi, the property combines a four-unit arrangement with attached garage functionality. The repeated floor plan and matching unit specifications provide a straightforward physical setup for managing the building, while the individual garages add a practical feature for residents.
Located in Tehachapi, the property combines a four-unit arrangement with attached garage functionality. The repeated floor plan and matching unit specifications provide a straightforward physical setup for managing the building, while the individual garages add a practical feature for residents.
Key Highlights
- Four units on one parcel in Tehachapi
- Each unit includes 2 bedrooms and 1 bathroom
- Updated kitchens in all four units
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
$41,402
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
5.83%
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%
$828,040
$828.0K
Cap Rate 7%
$591,457
$591.5K
Cap Rate 9%
$460,022
$460.0K
Market Conditions
NOI Build-Up for 3,317 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
$60.9K $18.36/SF
− Vacancy
−$1.8K −$0.53/SF
EGI
$59.1K $17.83/SF
− OpEx
−$17.7K −$5.35/SF
NOI
$41.4K $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%
$828,040
Cap Rate 7%
$591,457
Cap Rate 9%
$460,022
Alternative Uses
Best Use
Multifamily LT 5
$591.5K
$517.5K – $690.0K
NOI $41,402 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$545.9K
$477.7K – $636.9K
NOI $38,212 @ 7.0% cap · market cap 5.38%
Theoretical Best
Warehouse
$708.6K
$620.0K – $826.7K
NOI $49,602 @ 7.0% cap · market cap 6.99%
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
464
Businesses Nearby
Explore this area
Business Placement
Demographics for 93561, CA
31,091
Population
13,876
Households
2.2
Avg Household Size
42
Median Age
28%
College-Educated
92%
High-School Grad
301.8 sq mi
ZIP Area
103
Density / Sq Mi
$86,149
Median Household Income
$52,088
Median Earnings
$1,299
Median Rent
$377,400
Median Home Value
Check the figures for this property
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 matching two-bedroom units feature updated kitchens and individual garages.
Where is this quadplex located?
The property is located at 21247 Madre St Tehachapi, CA.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Four units on one parcel in Tehachapi; Each unit includes 2 bedrooms and 1 bathroom; Updated kitchens in all four units
