Updated Duplex with Flexible
New
For Sale
Contact for pricing
3439 Arthur Avenue, Mojave, CA 93501
Two residential units offer updated interiors, central HVAC, and separate occupancy options.
Property Size1,300 SF
Lot Size0.13 Acres
Price / SF$269.23
Days on Market6
Property Features for 3439 Arthur Avenue
General Information
Standard status
Active
Size
1,300 SF
Lot size
0.13 Acres
Property subtype
Multifamily
Zoning
Public Rec
Occupancy
50%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
central heat and air
Building Details
Buildings
1
Units
2
Listing Agency:
Segovia Real Estate Group
(818) 668-8768
Listed By:
Joanna Garcia · License #02108810
Source:
Crexi
Added: Aug 26
Changed: Aug 31
Last Checked: Aug 31 at 8:43AM
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 Segovia Real Estate Group
Investment Insights
Based on property information with market context.
This duplex contains 1,300 square feet of living space on a 5,662 square foot lot. The property is configured as two units, each with two bedrooms and one bathroom. Interior improvements include granite countertops, shaker-style cabinetry, updated tile flooring, and central heat and air throughout.
One unit is leased while the other is vacant, providing a combination of existing occupancy and immediate flexibility. The property is located at 3439 Arthur Avenue in Mojave, California, a community that includes Edwards Air Force Base and the Mojave Air and Space Port. The source information identifies the property as zoned Public Rec.
One unit is leased while the other is vacant, providing a combination of existing occupancy and immediate flexibility. The property is located at 3439 Arthur Avenue in Mojave, California, a community that includes Edwards Air Force Base and the Mojave Air and Space Port. The source information identifies the property as zoned Public Rec.
Key Highlights
- Two 2‑bedroom, 1‑bath units in a single duplex
- 1,300 square feet of living space on a 5,662 square foot lot
- One unit leased and the second unit vacant
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
$16,226
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
4.64%
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%
$324,520
$324.5K
Cap Rate 7%
$231,800
$231.8K
Cap Rate 9%
$180,289
$180.3K
Market Conditions
NOI Build-Up for 1,300 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
$23.9K $18.36/SF
− Vacancy
−$687 −$0.53/SF
EGI
$23.2K $17.83/SF
− OpEx
−$7.0K −$5.35/SF
NOI
$16.2K $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%
$324,520
Cap Rate 7%
$231,800
Cap Rate 9%
$180,289
Alternative Uses
Best Use
Multifamily LT 5
$231.8K
$202.8K – $270.4K
NOI $16,226 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$213.9K
$187.2K – $249.6K
NOI $14,976 @ 7.0% cap · market cap 4.28%
Theoretical Best
Warehouse
$277.7K
$243.0K – $324.0K
NOI $19,440 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 93501, CA
5,772
Population
2,416
Households
2.4
Avg Household Size
35
Median Age
7%
College-Educated
74%
High-School Grad
222.0 sq mi
ZIP Area
26
Density / Sq Mi
$55,372
Median Household Income
$37,500
Median Earnings
$1,175
Median Rent
$183,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer updated interiors, central HVAC, and separate occupancy options.
Where is this duplex located?
The property is located at 3439 Arthur Avenue Mojave, CA.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units in a single duplex; 1,300 square feet of living space on a 5,662 square foot lot; One unit leased and the second unit vacant
