Two-Unit
For Sale
$209,900
529 W Church Avenue, Ridgecrest, CA 93555
The property contains two separate living units.
Property Size1,008 SF
Price / SF$208.23
Days on Market18
Property Features for 529 W Church Avenue
General Information
Standard status
Active
Size
1,008 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1950
Listing Agency:
First Stop Realty
(310) 953-5070
Listed By:
Gregory Falvo · License #00862340
(866) 944-2202
Source:
Jackmarealestate
Added: Oct 13
Changed: Oct 28
Last Checked: Oct 28 at 11:14AM
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 First Stop Realty
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Investment Insights
Based on property information with market context.
This duplex at 529 W Church Avenue in Ridgecrest contains two separate living units within 1,008 square feet. The residential property was built in 1950.
Key Highlights
- Two separate living units
- 1,008 square feet
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,582
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,640
$251.6K
Cap Rate 7%
$179,743
$179.7K
Cap Rate 9%
$139,800
$139.8K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$18.5K $18.36/SF
− Vacancy
−$533 −$0.53/SF
EGI
$18.0K $17.83/SF
− OpEx
−$5.4K −$5.35/SF
NOI
$12.6K $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%
$251,640
Cap Rate 7%
$179,743
Cap Rate 9%
$139,800
Alternative Uses
Best Use
Multifamily LT 5
$179.7K
$157.3K – $209.7K
NOI $12,582 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$165.9K
$145.2K – $193.5K
NOI $11,612 @ 7.0% cap · market cap 5.53%
Theoretical Best
Warehouse
$215.3K
$188.4K – $251.2K
NOI $15,074 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
658
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 - The property contains two separate living units.
Where is this duplex located?
The property is located at 529 W Church Avenue Ridgecrest, CA.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Two separate living units; 1,008 square feet; Built in 1950
