Duplex with Private
New
For Sale
$239,900
241 S Richmond Rd, Ridgecrest, CA 93555
MULTI_FAMILY - Ridgecrest, CA
Property Size1,560 SF
Lot Size0.14 Acres
Price / SF$153.78
Days on Market2
Property Features for 241 S Richmond Rd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1
Interior features
Flooring- Laminate, Flooring- Carpet, Flooring- Vinyl Plank
Appliances
Water Heater- Nat. Gas, Dishwasher, Oven/Range, Refrigerator, W/D Hookups
Directions
South on China Lake Blvd. East on Ridgecrest Blvd. South on Richmond Rd. 241 is on the corner of S Richmond Rd and E Church Ave
Subdivision
South East
Standard status
Active
APN
343-042-29
Size
1,560 SF
Lot size
0.14 Acres
Utilities
Cooling system
Evaporative Cooling
Building Details
Year built
1982
Number of units
2
Roof type
Shingle
Listing Agency:
Elite Properties
(760) 446-4300
Listed By:
Mary Furnish · License #01988230
(760) 977-9281
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 11:06PM
MLS# 2608740
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 well-maintained duplex offers two self-contained units with practical in-home features and updated finishes. Unit A includes laminate flooring in the living room, tile flooring in the kitchen and bathroom, and carpet in the bedrooms, along with a small backyard. The kitchen is equipped with a stove, dishwasher, and refrigerator, and the unit provides washer/dryer hookups plus a one-car garage.
Unit B was updated last year and features luxury vinyl plank flooring, fresh interior paint, and an updated kitchen with new cabinetry, countertops, and stainless steel appliances (including a stove, dishwasher, refrigerator, and microwave). The bathroom was refreshed with a new vanity and tub/shower surround, and the bedrooms include ceiling fans. Unit B also offers a spacious backyard, along with washer/dryer hookups and a one-car garage.
The property sits on a 0.14-acre lot and was built in 1982. It features evaporative cooling and a shingle roof. Located close to the back gate of Naval Air Weapons Station China Lake, it is positioned for residents seeking convenient access to the base.
Unit B was updated last year and features luxury vinyl plank flooring, fresh interior paint, and an updated kitchen with new cabinetry, countertops, and stainless steel appliances (including a stove, dishwasher, refrigerator, and microwave). The bathroom was refreshed with a new vanity and tub/shower surround, and the bedrooms include ceiling fans. Unit B also offers a spacious backyard, along with washer/dryer hookups and a one-car garage.
The property sits on a 0.14-acre lot and was built in 1982. It features evaporative cooling and a shingle roof. Located close to the back gate of Naval Air Weapons Station China Lake, it is positioned for residents seeking convenient access to the base.
Key Highlights
- 0.14‑acre lot with a 1,560 SF duplex built in 1982
- Unit A: laminate living room, tile kitchen and bath, carpet bedrooms, small backyard
- Unit B updated last year with luxury vinyl plank flooring and fresh interior paint
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
Property Profile
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 - Well-maintained duplex near the Naval Air Weapons Station China Lake back gate with washer/dryer hookups, one-car garages, and evaporative cooling.
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: 0.14‑acre lot with a 1,560 SF duplex built in 1982; Unit A: laminate living room, tile kitchen and bath, carpet bedrooms, small backyard; Unit B updated last year with luxury vinyl plank flooring and fresh interior paint
