Brand New Triplex with
For Sale
$525,000
Pending
218 W Church, Ridgecrest, CA 93555
MULTI_FAMILY - Ridgecrest, CA
Property Size2,460 SF
Lot Size0.21 Acres
Days on Market69
Property Features for 218 W Church
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Property condition
Under Construction
Zoning
R-2
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 6, Bedroom 2, Bathroom 3
Interior features
Window Coverings, Fixtures, Flooring- Vinyl Plank
Appliances
Oven/Range- Electric, Water Heater- Electric, Dishwasher, Garbage Disposal, Refrigerator, Washer & Dryer
Lot features
Sidewalks, Curb & Gutter, Fenced- Partial, Landscape- Partial, Sprinklers- Automatic, Trees
Directions
norht on China lake BLVD and a left on W church
Subdivision
South West
Standard status
Pending
APN
478-104-06
Size
2,460 SF
Lot size
0.21 Acres
Utilities
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air, Dual
Building Details
Year built
2025
Number of units
3
Roof type
Composition
Listing Agency:
Nicholette Blanchard Realty
(949) 874-8963
Listed By:
Evan Zurn · License #01957746
(760) 793-6356
Added: Jul 1
Changed: Aug 5
Last Checked: Sep 7 at 5:06AM
MLS# 2608714
Copyright © 2026 Southern Sierra MLS. 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.
Brand new triplex at 218 W Church St, under construction and built for efficient, all-electric living. Each unit is a two-bedroom, one-bath layout and includes a 4 kW solar system. Interiors feature vinyl plank flooring and window coverings, with tile showers and modern finishes. The homes include a front landscaping package and private backyards, plus in-unit appliances such as an electric oven/range, dishwasher, garbage disposal, refrigerator, washer and dryer, and an electric water heater. Heating is electric with forced air, and cooling is central with dual system support. The roof is composition.
The property sits on a 0.21-acre lot in Ridgecrest and is located across from City Hall Park, close to downtown and Balsam St.
Zoned R-2, this triplex offers a compact residential income configuration with independent private outdoor space for each unit.
The property sits on a 0.21-acre lot in Ridgecrest and is located across from City Hall Park, close to downtown and Balsam St.
Zoned R-2, this triplex offers a compact residential income configuration with independent private outdoor space for each unit.
Key Highlights
- 0.21‑acre lot and 2,460 SF triplex building
- 3 units, each with 2 beds and 1 bath
- Under construction, year built 2025
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
$30,705
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
5.85%
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%
$614,100
$614.1K
Cap Rate 7%
$438,643
$438.6K
Cap Rate 9%
$341,167
$341.2K
Market Conditions
NOI Build-Up for 2,460 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
$45.2K $18.36/SF
− Vacancy
−$1.3K −$0.53/SF
EGI
$43.9K $17.83/SF
− OpEx
−$13.2K −$5.35/SF
NOI
$30.7K $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%
$614,100
Cap Rate 7%
$438,643
Cap Rate 9%
$341,167
Alternative Uses
Best Use
Multifamily LT 5
$438.6K
$383.8K – $511.8K
NOI $30,705 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$404.8K
$354.2K – $472.3K
NOI $28,339 @ 7.0% cap · market cap 5.40%
Theoretical Best
Warehouse
$525.5K
$459.8K – $613.1K
NOI $36,787 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
Explore this area
Business Placement
Demographics for 93555, CA
32,810
Population
14,401
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
91%
High-School Grad
78.1 sq mi
ZIP Area
420
Density / Sq Mi
$84,141
Median Household Income
$50,198
Median Earnings
$1,180
Median Rent
$235,400
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?
Triplex - R-2 triplex under construction with two-bedroom floorplans, all-electric systems, and a 4 kW solar array.
Where is this triplex located?
The property is located at 218 W Church Ridgecrest, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 0.21‑acre lot and 2,460 SF triplex building; 3 units, each with 2 beds and 1 bath; Under construction, year built 2025
