Renovated
702 Atkins, Ridgecrest, CA 93555
For Sale
$330,000
Multi Family, Ridgecrest, CA
Property Size1,710 SF
Lot Size0.16 Acres
Price / SF$192.98
Days on Market90
Property Features for 702 Atkins
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Appliances
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Heating system
Cooling system
Amenities
covered parking
Building Details
Year built
Number of units
Roof type
Listing Agency:
Vaughn Realty
Listed By:
Kim Alexander · License #01233118
(760) 446-6561
Added: Aug 12
Changed: Nov 8
Last Checked: Nov 9 at 3:06AM
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.
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Investment Insights
Based on property information with market context.
This 1,710-square-foot triplex contains three renovated efficiency units, each arranged with one bedroom and one bathroom. Improvements include updated flooring, appliances, interior paint, bathtubs, toilets, and bathroom fixtures; the exterior has also been repainted. Ceiling fans, window coverings, a wall furnace, and evaporative cooling are present. The property was built in 1964 and occupies a 0.16-acre lot.
Water is master metered. Tenants pay for trash, electricity, and gas. The property is zoned R3 and has covered parking.
Water is master metered. Tenants pay for trash, electricity, and gas. The property is zoned R3 and has covered parking.
Key Highlights
- Three matching efficiency units, each with 1 bedroom and 1 bathroom
- 1,710 square feet on a 0.16‑acre lot
- Renovated units feature upgraded appliances and flooring, plus refreshed bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,344
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
352
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 Triplexes in Kern County, CA
Properties on Market for Triplexes in Kern County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three matching one-bedroom residences offer a consistent unit layout, with covered parking and R3 zoning.
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 efficiency units, each with 1 bedroom and 1 bathroom; 1,710 square feet on a 0.16‑acre lot; Renovated units feature upgraded appliances and flooring, plus refreshed bathrooms
