New Construction
New
For Sale
$379,000
21760 Ives Drive, California City, CA 93505
MULTI_FAMILY - California City, CA
Property Size1,724 SF
Lot Size0.27 Acres
Price / SF$219.84
Days on Market5
Property Features for 21760 Ives Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
RM1/RM2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1
Directions
Cal City Blvd. over to, Randsburg Mojave, left on Jeremy Drive, over to Ives Drive.
Subdivision
17 - Kern Co/Mojave/Cal C
Standard status
Active
APN
212-312-09
Size
1,724 SF
Lot size
0.27 Acres
Utilities
Cooling system
Central Air
Building Details
Year built
2026
Number of units
2
Building materials
Stucco, Shingle Siding
Listing Agency:
West Coast Realty
(760) 373-9200
Listed By:
Musa Wadud · License #02022046
(661) 435-2003
Added: Aug 18
Last Checked: Aug 22 at 9:06AM
MLS# 26006463
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 duplex is under construction and is planned as a two-unit residential property totaling 1,724 square feet on a 0.27-acre lot. Each residence is described with an open-concept layout, contemporary fixtures, updated cabinetry, sleek countertops, upgraded flooring, and well-appointed bathrooms. Construction materials include stucco and shingle siding, with central air serving the property.
The property is located in California City, California, and carries RM1/RM2 zoning. Its 2026 build year and two separate units provide a newly constructed multifamily configuration with modern interior features and low-maintenance exterior materials.
The property is located in California City, California, and carries RM1/RM2 zoning. Its 2026 build year and two separate units provide a newly constructed multifamily configuration with modern interior features and low-maintenance exterior materials.
Key Highlights
- Two‑unit duplex under construction
- 1,724 square feet on a 0.27‑acre lot
- RM1/RM2 zoning in California City
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
$21,519
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
5.68%
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%
$430,380
$430.4K
Cap Rate 7%
$307,414
$307.4K
Cap Rate 9%
$239,100
$239.1K
Market Conditions
NOI Build-Up for 1,724 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
$31.7K $18.36/SF
− Vacancy
−$912 −$0.53/SF
EGI
$30.7K $17.83/SF
− OpEx
−$9.2K −$5.35/SF
NOI
$21.5K $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%
$430,380
Cap Rate 7%
$307,414
Cap Rate 9%
$239,100
Alternative Uses
Best Use
Multifamily LT 5
$307.4K
$269.0K – $358.7K
NOI $21,519 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$283.7K
$248.3K – $331.0K
NOI $19,861 @ 7.0% cap · market cap 5.24%
Theoretical Best
Warehouse
$368.3K
$322.3K – $429.7K
NOI $25,781 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
18
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with open-concept layouts, modern kitchens, and central air conditioning.
Where is this duplex located?
The property is located at 21760 Ives Drive California City, CA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two‑unit duplex under construction; 1,724 square feet on a 0.27‑acre lot; RM1/RM2 zoning in California City
