Renovated Triplex with Covered
For Sale
$330,000
702 Atkins, Ridgecrest, CA 93555
Multi Family, Ridgecrest, CA
Property Size1,710 SF
Lot Size0.16 Acres
Price / SF$192.98
Days on Market53
Property Features for 702 Atkins
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R3
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
Interior features
Ceiling Fans, Window Coverings, Flooring- Tile, Flooring- Laminate
Appliances
Garbage Disposal, Oven/Range, Refrigerator, W/D Hookups, Water Heater
Elementary school
Richmond Elementary
Middle school
Murray Middle School
High school
Sherman E. Burroughs
Directions
North on Norma St left on Atkins. Cross over Sierra View property on right.
Subdivision
North West
Standard status
Active
APN
418-062-11
Size
1,710 SF
Lot size
0.16 Acres
Utilities
Heating system
Wall Furnace
Cooling system
Evaporative Cooling
Amenities
covered parking spaces
Building Details
Year built
1964
Number of units
3
Roof type
Shingle, Composition
Listing Agency:
Vaughn Realty
(760) 446-6561
Listed By:
Kim Alexander · License #01233118
(760) 384-8749
Added: Aug 12
Changed: Sep 13
Last Checked: Oct 3 at 10:06AM
MLS# 2608802
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.
Investment Insights
Based on property information with market context.
This 1,710-square-foot triplex includes three matching one-bedroom, one-bath units on a 0.16-acre parcel. Renovations include fresh interior and exterior paint, upgraded laminate and tile flooring, updated appliances, and bathroom improvements with new bathtubs, toilets, and fixtures. Each unit also includes ceiling fans, window coverings, a wall furnace, evaporative cooling, and washer/dryer hookups. Covered parking is provided.
Built in 1964 and zoned R3, the property is located at 702 Atkins in Ridgecrest, near NAWS. Water is master metered, while tenants pay trash, electric, and gas. The roof is identified as shingle and composition, and appliances include an oven/range, refrigerator, garbage disposal, and water heater.
Built in 1964 and zoned R3, the property is located at 702 Atkins in Ridgecrest, near NAWS. Water is master metered, while tenants pay trash, electric, and gas. The roof is identified as shingle and composition, and appliances include an oven/range, refrigerator, garbage disposal, and water heater.
Key Highlights
- Three matching 1‑bedroom, 1‑bath units
- 1,710 square feet on a 0.16‑acre parcel
- Renovated interiors with updated flooring, appliances, paint, and bathroom fixtures
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
$21,344
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
6.47%
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%
$426,880
$426.9K
Cap Rate 7%
$304,914
$304.9K
Cap Rate 9%
$237,156
$237.2K
Market Conditions
NOI Build-Up for 1,710 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
$31.4K $18.36/SF
− Vacancy
−$904 −$0.53/SF
EGI
$30.5K $17.83/SF
− OpEx
−$9.1K −$5.35/SF
NOI
$21.3K $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%
$426,880
Cap Rate 7%
$304,914
Cap Rate 9%
$237,156
Alternative Uses
Best Use
Multifamily LT 5
$304.9K
$266.8K – $355.7K
NOI $21,344 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$281.4K
$246.2K – $328.3K
NOI $19,699 @ 7.0% cap · market cap 5.97%
Theoretical Best
Warehouse
$365.3K
$319.6K – $426.2K
NOI $25,571 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Triplex - Matching one-bedroom rental units offer refreshed interiors, covered parking, and tenant-paid electric, gas, and trash.
Where is this triplex located?
The property is located at 702 Atkins Ridgecrest, CA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Three matching 1‑bedroom, 1‑bath units; 1,710 square feet on a 0.16‑acre parcel; Renovated interiors with updated flooring, appliances, paint, and bathroom fixtures
