3-Unit Residential Income
New
For Sale
$320,000
234 W Haloid, Ridgecrest, CA 93555
Multi Family, Ridgecrest, CA
Property Size2,146 SF
Lot Size0.15 Acres
Price / SF$149.11
Days on Market4
Property Features for 234 W Haloid
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R1
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 5
Interior features
Ceiling Fans, Flooring- Tile
Appliances
Water Heater- Nat. Gas, Dishwasher, Garbage Disposal, Refrigerator, W/D Hookups
Directions
South on China Lake to W. Haloid
Subdivision
South West
Standard status
Active
APN
478-081-13
Size
2,146 SF
Lot size
0.15 Acres
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Dual
Building Details
Year built
1976
Number of units
3
Roof type
Composition, Shingle
Listing Agency:
Vaughn Realty
(760) 446-6561
Listed By:
Kim Alexander · License #01233118
(760) 446-6561
Added: Aug 24
Changed: Aug 26
Last Checked: Aug 27 at 3:06AM
MLS# 2608847
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.
This 2,146-square-foot triplex contains three two-bedroom, one-bath residences, with all units currently rented. The property occupies 0.15 acres and was built in 1976. Interior features include tile flooring and ceiling fans, while appliances and connections include natural-gas water heaters, dishwashers, garbage disposals, refrigerators, and washer/dryer hookups. Heating is provided by natural gas forced air, with dual cooling. Improvements have been completed across the units over time.
Located at 234 W Haloid in Ridgecrest, California, the property is zoned R1. The owner pays for water and trash service.
Located at 234 W Haloid in Ridgecrest, California, the property is zoned R1. The owner pays for water and trash service.
Key Highlights
- Three rented two‑bedroom, one‑bath units
- 2,146 square feet on 0.15 acres
- R1 zoning in Ridgecrest, CA
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
$26,786
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
8.37%
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%
$535,720
$535.7K
Cap Rate 7%
$382,657
$382.7K
Cap Rate 9%
$297,622
$297.6K
Market Conditions
NOI Build-Up for 2,146 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
$39.4K $18.36/SF
− Vacancy
−$1.1K −$0.53/SF
EGI
$38.3K $17.83/SF
− OpEx
−$11.5K −$5.35/SF
NOI
$26.8K $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%
$535,720
Cap Rate 7%
$382,657
Cap Rate 9%
$297,622
Alternative Uses
Best Use
Multifamily LT 5
$382.7K
$334.8K – $446.4K
NOI $26,786 @ 7.0% cap · market cap 8.37%
Second Best
Apartment 5plus
$353.2K
$309.0K – $412.0K
NOI $24,722 @ 7.0% cap · market cap 7.73%
Theoretical Best
Warehouse
$458.4K
$401.1K – $534.9K
NOI $32,091 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
668
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied configuration with separate two-bedroom, one-bath residences.
Where is this triplex located?
The property is located at 234 W Haloid Ridgecrest, CA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Three rented two‑bedroom, one‑bath units; 2,146 square feet on 0.15 acres; R1 zoning in Ridgecrest, CA
