4-Unit Multifamily Property with
For Sale
$717,000
21250 Santa Maria Court, Tehachapi, CA 93561
Residential Income, Tehachapi, CA
Property Size4,238 SF
Lot Size0.29 Acres
Price / SF$169.18
Days on Market57
Property Features for 21250 Santa Maria Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
12
Parking features
Garage
Elementary school
Golden Hills
Middle school
Jacobsen
High school
Tehachapi
Subdivision
80
Standard status
Active
APN
46806216
Size
4,238 SF
Lot size
0.29 Acres
Additional Details
Tenant in Place
Yes
Amenities
private patios
on-site laundry hookups
Building Details
Year built
1983
Floors in Building
2
Number of units
4
Buildings
1
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
Candis Parke-Thomas · License #00950582
(661) 869-4576
Added: Sep 8
Changed: Nov 3
Last Checked: Nov 3 at 10:06PM
MLS# 202609790
Copyright © 2026 Golden Empire MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1983, this 4,238-square-foot multifamily property contains four occupied units: three with 2 bedrooms and 2 bathrooms, and one with 3 bedrooms and 2 bathrooms. Each residence has a private patio. Property features include a 2-car garage, additional tenant and guest parking, and on-site laundry hookups. Upper-level residences have mountain views.
The property is near an elementary school, shopping, and dining. It is located in Tehachapi, in Kern County.
The property is near an elementary school, shopping, and dining. It is located in Tehachapi, in Kern County.
Key Highlights
- Four occupied units: three 2BR/2 BTH residences and one 3BR/2 BTH residence
- 4,238 square feet; built in 1983
- Private patios and on‑site laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,898
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,960
$1.1M
Cap Rate 7%
$755,686
$755.7K
Cap Rate 9%
$587,756
$587.8K
Market Conditions
NOI Build-Up for 4,238 SF
Gross rent
$77.8K $18.36/SF
− Vacancy
−$2.2K −$0.53/SF
EGI
$75.6K $17.83/SF
− OpEx
−$22.7K −$5.35/SF
NOI
$52.9K $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%
$1,057,960
Cap Rate 7%
$755,686
Cap Rate 9%
$587,756
Alternative Uses
Best Use
Multifamily LT 5
$755.7K
$661.2K – $881.6K
NOI $52,898 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$697.5K
$610.3K – $813.7K
NOI $48,822 @ 7.0% cap · market cap 6.81%
Theoretical Best
Warehouse
$905.4K
$792.2K – $1.06M
NOI $63,375 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Residents occupy a mix of two- and three-bedroom units, each with two bathrooms and a private patio.
Where is this quadplex located?
The property is located at 21250 Santa Maria Court Tehachapi, CA.
What is the asking price?
The asking price for this property is $717,000.
What are key features of this property?
This property features: Four occupied units: three 2BR/2 BTH residences and one 3BR/2 BTH residence; 4,238 square feet; built in 1983; Private patios and on‑site laundry hookups
