Single-Story
640 Commercial Ave, Ridgecrest, CA 93555
For Sale
$249,000
Multi Family, Ridgecrest, CA
Property Size1,672 SF
Lot Size0.15 Acres
Price / SF$148.92
Days on Market183
Property Features for 640 Commercial Ave
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
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Roof type
Buildings
Listing Agency:
TNT Western Homes Inc.
Listed By:
Timothy D. Jacobs · License #1468735
(760) 384-0000
Added: May 11
Changed: Nov 8
Last Checked: Nov 9 at 4:06AM
MLS# 2608424
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.
This single-story duplex was built in 1976 and occupies a 0.15-acre lot. Interior finishes include tile and carpet flooring. The property has natural gas heating, evaporative cooling, a composition roof, and washer and dryer hookups.
Appliances include a natural gas water heater, dishwasher, garbage disposal, oven/range, and refrigerator.
Appliances include a natural gas water heater, dishwasher, garbage disposal, oven/range, and refrigerator.
Key Highlights
- Single‑story duplex on a 0.15‑acre lot
- Built in 1976
- Natural gas heating and evaporative cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,870
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,400
$417.4K
Cap Rate 7%
$298,143
$298.1K
Cap Rate 9%
$231,889
$231.9K
Market Conditions
NOI Build-Up for 1,672 SF
Gross rent
$30.7K $18.36/SF
− Vacancy
−$884 −$0.53/SF
EGI
$29.8K $17.83/SF
− OpEx
−$8.9K −$5.35/SF
NOI
$20.9K $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%
$417,400
Cap Rate 7%
$298,143
Cap Rate 9%
$231,889
Alternative Uses
Best Use
Multifamily LT 5
$298.1K
$260.9K – $347.8K
NOI $20,870 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$275.2K
$240.8K – $321.0K
NOI $19,262 @ 7.0% cap · market cap 7.74%
Theoretical Best
Warehouse
$357.2K
$312.5K – $416.7K
NOI $25,003 @ 7.0% cap · market cap 10.04%
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
158
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
$235,400
Median Home Value
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Market
Average Price Trend$/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 - The property includes natural gas heating and evaporative cooling.
Where is this duplex located?
The property is located at 640 Commercial Ave Ridgecrest, CA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Single‑story duplex on a 0.15‑acre lot; Built in 1976; Natural gas heating and evaporative cooling
