Duplex with Oversized
457 S Norma St, Ridgecrest, CA 93555
For Sale
$329,900
Multi Family, Ridgecrest, CA
Property Size1,636 SF
Lot Size0.43 Acres
Price / SF$201.65
Days on Market8
Property Features for 457 S Norma St
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Appliances
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Heating system
Cooling system
Amenities
in-unit laundry
Building Details
Year built
Number of units
Roof type
Listing Agency:
Ridgecrest Realty
Listed By:
Angela Vass-Rodriguez · License #01928938
(760) 793-6317
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 9 at 3:06AM
MLS# 2609079
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.
Built in 1944, this 1,636-square-foot duplex contains two residences on a 0.43-acre parcel zoned R2. The larger unit has three bedrooms and one bathroom; the second has two bedrooms and one bathroom. Each includes in-unit laundry. The first unit uses natural gas, while the other is all-electric and equipped with a ductless mini-split. An oversized carport with storage serves the property.
The property is near Naval Air Weapons Station China Lake. Both residences are currently occupied under annual leases.
The property is near Naval Air Weapons Station China Lake. Both residences are currently occupied under annual leases.
Key Highlights
- Two residences totaling 1,636 square feet
- 0.43‑acre parcel with R2 zoning
- Three‑bedroom, one‑bathroom unit and two‑bedroom, one‑bathroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,420
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,400
$408.4K
Cap Rate 7%
$291,714
$291.7K
Cap Rate 9%
$226,889
$226.9K
Market Conditions
NOI Build-Up for 1,636 SF
Gross rent
$30.0K $18.36/SF
− Vacancy
−$865 −$0.53/SF
EGI
$29.2K $17.83/SF
− OpEx
−$8.8K −$5.35/SF
NOI
$20.4K $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%
$408,400
Cap Rate 7%
$291,714
Cap Rate 9%
$226,889
Alternative Uses
Best Use
Multifamily LT 5
$291.7K
$255.3K – $340.3K
NOI $20,420 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$269.2K
$235.6K – $314.1K
NOI $18,847 @ 7.0% cap · market cap 5.71%
Theoretical Best
Warehouse
$349.5K
$305.8K – $407.8K
NOI $24,465 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
535
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
$235,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Kern County, CA
Properties on Market for Duplexes in Kern County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer separate layouts, in-unit laundry, and an oversized carport with storage.
Where is this duplex located?
The property is located at 457 S Norma St Ridgecrest, CA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two residences totaling 1,636 square feet; 0.43‑acre parcel with R2 zoning; Three‑bedroom, one‑bathroom unit and two‑bedroom, one‑bathroom unit
