Duplex with Studio
New
For Sale
$129,900
239 Station, Ridgecrest, CA 93555
Multi Family, Ridgecrest, CA
Property Size800 SF
Lot Size0.12 Acres
Price / SF$162.38
Days on Market2
Property Features for 239 Station
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Duplex
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Interior features
Flooring- Vinyl
Appliances
Oven/Range, Refrigerator, W/D Hookups
Lot features
Curb & Gutter, Fenced- Partial, Patio- Covered, Storage Shed
Directions
From Ridgecrest Blvd head North on Alvord, East on Station
Subdivision
North West
Standard status
Active
APN
067-140-36
Size
800 SF
Lot size
0.12 Acres
Utilities
Heating system
Wall Furnace
Cooling system
Evaporative Cooling
Amenities
washer and dryer hookups
fenced yard
Building Details
Year built
1944
Number of units
2
Roof type
Metal
Listing Agency:
Victory Real Estate
Listed By:
Sara Rizzardini · License #01460361
(760) 382-9515
Added: Oct 20
Last Checked: Oct 21 at 4:06AM
MLS# 2609041
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.
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Investment Insights
Based on property information with market context.
This 800-square-foot duplex contains two separate studio units on a 0.12-acre parcel. A third structure is currently used for storage. Both residences have wall furnaces and evaporative cooling, and the property has washer and dryer hookups for stacked machines. The two current tenants hold month-to-month leases and have expressed a desire to stay.
Both roofs were replaced in 2024. The front unit received a kitchen renovation and new flooring in the kitchen and living area in 2021, followed by a bathroom remodel in 2025 and a refrigerator replacement in September 2024. The property has one water meter, with separate electric and gas service.
Both roofs were replaced in 2024. The front unit received a kitchen renovation and new flooring in the kitchen and living area in 2021, followed by a bathroom remodel in 2025 and a refrigerator replacement in September 2024. The property has one water meter, with separate electric and gas service.
Key Highlights
- Two separate studio units totaling 800 square feet
- Both roofs replaced in 2024
- Front unit kitchen and living‑area flooring updated in 2021; bathroom remodeled in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,985
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,700
$199.7K
Cap Rate 7%
$142,643
$142.6K
Cap Rate 9%
$110,944
$110.9K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$14.7K $18.36/SF
− Vacancy
−$423 −$0.53/SF
EGI
$14.3K $17.83/SF
− OpEx
−$4.3K −$5.35/SF
NOI
$10.0K $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%
$199,700
Cap Rate 7%
$142,643
Cap Rate 9%
$110,944
Alternative Uses
Best Use
Multifamily LT 5
$142.6K
$124.8K – $166.4K
NOI $9,985 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$131.7K
$115.2K – $153.6K
NOI $9,216 @ 7.0% cap · market cap 7.09%
Theoretical Best
Warehouse
$170.9K
$149.5K – $199.4K
NOI $11,963 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
701
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences share the property with a separate storage structure and a small fenced yard.
Where is this duplex located?
The property is located at 239 Station Ridgecrest, CA.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Two separate studio units totaling 800 square feet; Both roofs replaced in 2024; Front unit kitchen and living‑area flooring updated in 2021; bathroom remodeled in 2025
