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Lake Isabella Multifamily Investment Opportunity
For Sale
$160,000

5308 Lake Isabella Boulevard, Lake Isabella, CA 93240

Multifamily property with income potential in Lake Isabella.

Property Size1,884 SF
Lot Size0.17 Acres
Price / SF$84.93
Days on Market100

Property Features for 5308 Lake Isabella Boulevard

General Information

Standard status Active
Size 1,884 SF
Lot size 0.17 Acres
Property subtype Commercial/Industrial

Building Details

Year Built 1957
Listing Agency: Miramar International Calloway
Listed By: Johnny Bennett · License #02104596
Source: Exitrealty
Added: May 17 Changed: Aug 23 Last Checked: Aug 23 at 9:33AM

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 Miramar International Calloway

Investment Insights

Based on property information with market context.

Located in the heart of Lake Isabella, this property at 5308 Lake Isabella Blvd offers an investor opportunity with flexible potential for income-producing use. The building provides approximately 1,884 sq. ft. of space on a 7,405 sq. ft. lot. The property is centrally located near shopping, dining, and everyday conveniences. Currently, the property is rented as 3 separate residential units. The existing layout and prior use history may appeal to buyers looking for rental income, mixed-use possibilities, or a long-term hold asset. The property benefits from high visibility and easy access along Lake Isabella Blvd, with close proximity to recreational amenities, including Lake Isabella. The location has a walk score of 26, indicating car-dependence, and a bike score of 35, indicating it is somewhat bikeable.

Key Highlights

  • Income‑producing potential with 3 separate residential units currently rented.
  • Centrally located in Lake Isabella, close to shopping, dining, and everyday conveniences.
  • High visibility location with easy access along Lake Isabella Blvd.

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick HVAC Service Grocery & Convenience Store Storage Facility (Bike/Boat/Book/etc) Store Garden Center Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

228
Businesses Nearby

Demographics for 93240, CA

5,691
Population
3,319
Households
1.7
Avg Household Size
50
Median Age
10%
College-Educated
91%
High-School Grad
58.0 sq mi
ZIP Area
98
Density / Sq Mi
$28,535
Median Household Income
$30,898
Median Earnings
$1,129
Median Rent
$203,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multifamily property with income potential in Lake Isabella.
Where is this multifamily property located?
The property is located at 5308 Lake Isabella Boulevard Lake Isabella, CA.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Income‑producing potential with 3 separate residential units currently rented.; Centrally located in Lake Isabella, close to shopping, dining, and everyday conveniences.; High visibility location with easy access along Lake Isabella Blvd.
More about this property
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