Two-Unit 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 Market6
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/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
Changed: Oct 21
Last Checked: Oct 25 at 11:06AM
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 studio residences. A separate structure on the 0.12-acre parcel is currently used for storage. The property has one water meter, with separate electric and gas service for each unit.
Both roofs were replaced in 2024. The front residence received a kitchen renovation and new flooring in 2021, a new refrigerator in September 2024, and a remodeled bathroom in 2025. Washer and dryer hookups accommodate stacked units. Each residence is occupied under a month-to-month lease.
Both roofs were replaced in 2024. The front residence received a kitchen renovation and new flooring in 2021, a new refrigerator in September 2024, and a remodeled bathroom in 2025. Washer and dryer hookups accommodate stacked units. Each residence is occupied under a month-to-month lease.
Key Highlights
- Two studio residences in an 800‑square‑foot duplex
- 0.12‑acre parcel includes a separate structure currently used for storage
- Both roofs replaced in 2024
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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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are studio layouts, with a separate structure currently serving as storage.
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 studio residences in an 800‑square‑foot duplex; 0.12‑acre parcel includes a separate structure currently used for storage; Both roofs replaced in 2024
