Fully Occupied 4-Unit
For Sale
$717,000
21250 Santa Maria Dr, Tehachapi, CA 93561
Four residential units include private patios, garage parking, and on-site laundry hookups.
Property Size4,238 SF
Lot Size0.30 Acres
Price / SF$169.18
Days on Market54
Property Features for 21250 Santa Maria Dr
General Information
Standard status
Active
Size
4,238 SF
Lot size
0.30 Acres
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
3 x 2BR/1BTH, 1 x 3BR/1BTH
Multifamily Units
4
Amenities
private patios
mountain views
on-site laundry hookups
Building Details
Buildings
1
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
Candis Parke-Thomas · License #00950582
(661) 412-7091
Source:
Exprealty
Added: Sep 8
Changed: Oct 28
Last Checked: Oct 30 at 4:31PM
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 Watson Realty
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Investment Insights
Based on property information with market context.
This fully occupied quadplex contains 4,238 square feet across four residential units: three 2-bedroom, 1-bath units and one 3-bedroom, 1-bath unit. Each residence offers a spacious floor plan and a private patio, while the property also includes on-site laundry hookups. Upper-level units have mountain views.
The property occupies a 13,000 SF lot at 21250 Santa Maria Dr in Tehachapi, California. Improvements include a 2-car garage and additional parking for residents and guests. An elementary school, shopping, dining, and other everyday services are located nearby.
The property occupies a 13,000 SF lot at 21250 Santa Maria Dr in Tehachapi, California. Improvements include a 2-car garage and additional parking for residents and guests. An elementary school, shopping, dining, and other everyday services are located nearby.
Key Highlights
- Fully occupied 4‑unit quadplex
- Unit mix includes three 2BR/1 BTH units and one 3BR/1 BTH unit
- 4,238 SF property on a 13,000 SF lot
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
432
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units include private patios, garage parking, and on-site laundry hookups.
Where is this quadplex located?
The property is located at 21250 Santa Maria Dr 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: Fully occupied 4‑unit quadplex; Unit mix includes three 2BR/1 BTH units and one 3BR/1 BTH unit; 4,238 SF property on a 13,000 SF lot
