Four-Unit Quadplex with
For Sale
$710,000
21247 Madre Street, Tehachapi, CA 93561
ResidentialIncome, Tehachapi, CA
Property Size3,317 SF
Lot Size0.34 Acres
Price / SF$214.05
Days on Market50
Property Features for 21247 Madre Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Subdivision
Golden Hills East
Standard status
Active
APN
46809403
Size
3,317 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Annual Amount
4646
Building Details
Year built
1987
Listing Agency:
Country Real Estate
(661) 822-4433
Listed By:
Terri Juergens · License #DRE#00841071
(661) 303-6868
Added: Aug 26
Changed: Sep 15
Last Checked: Oct 14 at 12:06PM
MLS# 9994442
Copyright © 2026 Tehachapi Area 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 four-unit quadplex contains 3,317 square feet on a 0.34-acre parcel. Built in 1987, the property offers four matching residences, each configured with two bedrooms, one bathroom, an updated kitchen, and a single-car garage. The consistent floor plans create a uniform operating setup across the building, with shared fixture and maintenance requirements.
Located at 21247 Madre Street in Tehachapi, the property is zoned R-3 and identified within Kern County. Each unit’s dedicated garage provides on-site vehicle storage, while the repeated layout gives the asset a straightforward physical configuration for ownership and management.
Located at 21247 Madre Street in Tehachapi, the property is zoned R-3 and identified within Kern County. Each unit’s dedicated garage provides on-site vehicle storage, while the repeated layout gives the asset a straightforward physical configuration for ownership and management.
Key Highlights
- Four‑unit quadplex on one 0.34‑acre parcel
- Each unit offers 2 bedrooms and 1 bathroom
- Four single‑car garages, one for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,402
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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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
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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 - Each residence includes an updated kitchen and its own single-car garage.
Where is this quadplex located?
The property is located at 21247 Madre Street 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‑unit quadplex on one 0.34‑acre parcel; Each unit offers 2 bedrooms and 1 bathroom; Four single‑car garages, one for each unit
