Duplex with One-Car
New
For Sale
$239,900
241 S Richmond Rd, Ridgecrest, CA 93555
Two residential units offer distinct updates, private outdoor areas, laundry hookups, and appliance-equipped kitchens.
Property Size1,560 SF
Price / SF$153.78
Days on Market4
Property Features for 241 S Richmond Rd
General Information
Standard status
Active
Size
1,560 SF
Total Parking Spaces
2
Property subtype
Residential Income
Building Details
Tenancy
Multi
Listing Agency:
Elite Properties
(760) 977-9281
Listed By:
Mary Furnish · License #01988230
(760) 977-9281
Source:
Exprealty
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 2 at 7:20AM
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 Elite Properties
Investment Insights
Based on property information with market context.
This 1,560-square-foot duplex at 241 S Richmond Rd includes two residential units, each with a one-car garage and washer/dryer hookups. Unit A has laminate flooring in the living room, tile in the kitchen and bathroom, carpeted bedrooms, a stove, dishwasher, refrigerator, and a small backyard.
Unit B was updated last year with luxury vinyl plank flooring, fresh interior paint, new kitchen cabinetry, countertops, and stainless steel appliances. Its refreshed bathroom includes a new vanity and tub/shower surround, while ceiling fans serve the bedrooms. The unit also has a spacious backyard. The property is located close to the back gate of Naval Air Weapons Station China Lake in Ridgecrest, CA.
Unit B was updated last year with luxury vinyl plank flooring, fresh interior paint, new kitchen cabinetry, countertops, and stainless steel appliances. Its refreshed bathroom includes a new vanity and tub/shower surround, while ceiling fans serve the bedrooms. The unit also has a spacious backyard. The property is located close to the back gate of Naval Air Weapons Station China Lake in Ridgecrest, CA.
Key Highlights
- Two‑unit duplex totaling 1,560 square feet
- Each unit includes a one‑car garage and washer/dryer hookups
- Unit B updated last year with new cabinetry, countertops, and stainless steel appliances
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.6k | $18.36 |
| − Vacancy | −$825 | −$0.53 |
| EGI | $27.8k | $17.83 |
| − OpEx | −$8.3k | −$5.35 |
| NOI | $19.5k | $12.48 |
1,560 SF · lease $18.36/SF/yr · vacancy 2.88% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$278.2K
$243.4K – $324.5K
NOI $19,472 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$256.7K
$224.6K – $299.5K
NOI $17,971 @ 7.0% cap · market cap 7.49%
Theoretical Best
Warehouse
$333.3K
$291.6K – $388.8K
NOI $23,328 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
72
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?
Duplex - Two residential units offer distinct updates, private outdoor areas, laundry hookups, and appliance-equipped kitchens.
Where is this duplex located?
The property is located at 241 S Richmond Rd Ridgecrest, CA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,560 square feet; Each unit includes a one‑car garage and washer/dryer hookups; Unit B updated last year with new cabinetry, countertops, and stainless steel appliances
