Quadplex with Detached
For Sale
$675,000
Pending
221 E E St, Tehachapi, CA 93561
Four residential units include shared on-site laundry and access to detached garages.
Property Size3,822 SF
Days on Market142
Property Features for 221 E E St
General Information
Standard status
Pending
Size
3,822 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Amenities
shared on-site laundry room
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
LRS Realty & Management, Inc
(661) 972-3061
Listed By:
Chrystle L. Deal
(661) 972-3061
Source:
Exprealty
Added: Apr 6
Changed: Aug 20
Last Checked: Aug 24 at 11:22AM
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 LRS Realty & Management, Inc
Investment Insights
Based on property information with market context.
This four-unit property contains 3,822 square feet and includes detached garages that provide additional convenience for residents. A shared on-site laundry room serves the property and adds a practical common amenity for occupants.
Located at 221 E E St in Tehachapi, the property offers access to local amenities, shopping, and transportation. Convenient access to the 58 freeway further connects the property to surrounding areas. The quadplex configuration and existing tenant-oriented features support its use as a residential income property.
Located at 221 E E St in Tehachapi, the property offers access to local amenities, shopping, and transportation. Convenient access to the 58 freeway further connects the property to surrounding areas. The quadplex configuration and existing tenant-oriented features support its use as a residential income property.
Key Highlights
- Four‑unit quadplex with 3,822 square feet
- Detached garages included with the property
- Shared on‑site laundry room
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
$47,706
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
7.07%
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%
$954,120
$954.1K
Cap Rate 7%
$681,514
$681.5K
Cap Rate 9%
$530,067
$530.1K
Market Conditions
NOI Build-Up for 3,822 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
$70.2K $18.36/SF
− Vacancy
−$2.0K −$0.53/SF
EGI
$68.2K $17.83/SF
− OpEx
−$20.4K −$5.35/SF
NOI
$47.7K $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%
$954,120
Cap Rate 7%
$681,514
Cap Rate 9%
$530,067
Alternative Uses
Best Use
Multifamily LT 5
$681.5K
$596.3K – $795.1K
NOI $47,706 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$629.0K
$550.4K – $733.8K
NOI $44,030 @ 7.0% cap · market cap 6.52%
Theoretical Best
Warehouse
$816.5K
$714.4K – $952.6K
NOI $57,154 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
683
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units include shared on-site laundry and access to detached garages.
Where is this quadplex located?
The property is located at 221 E E St Tehachapi, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,822 square feet; Detached garages included with the property; Shared on‑site laundry room
