5-Unit Apartment
For Sale
$569,000
725 E Ridgecrest Blvd, Ridgecrest, CA 93555
The property contains five one-bedroom, one-bathroom apartments.
Property Size3,930 SF
Price / SF$144.78
Days on Market8
Property Features for 725 E Ridgecrest Blvd
General Information
Standard status
Active
Size
3,930 SF
Property subtype
Residential Income
Units
Unit Mix
5 x 1BR/1BA
Multifamily Units
5
Listing Agency:
TNT Western Homes Inc.
(760) 384-0000
Listed By:
Timothy D. Jacobs · License #1468735
(760) 384-8884
Source:
Exprealty
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 4 at 6:16PM
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 TNT Western Homes Inc.
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Investment Insights
Based on property information with market context.
This 3,930-square-foot apartment property contains five units, each configured with one bedroom and one bathroom. Two units have updated flooring, tile showers, quartz countertops, and tile backsplashes; a split-system AC unit is also noted among the improvements.
Key Highlights
- Five apartment units, each with 1 bedroom and 1 bathroom
- 3,930 square feet
- Two units feature updated flooring, tile showers, quartz countertops, and tile backsplashes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,274
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,480
$905.5K
Cap Rate 7%
$646,771
$646.8K
Cap Rate 9%
$503,044
$503.0K
Market Conditions
NOI Build-Up for 3,930 SF
Gross rent
$84.9K $21.60/SF
− Vacancy
−$2.6K −$0.65/SF
EGI
$82.3K $20.95/SF
− OpEx
−$37.0K −$9.43/SF
NOI
$45.3K $11.52/SF
Area
Kern County, CA
Vacancy
3.03%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,480
Cap Rate 7%
$646,771
Cap Rate 9%
$503,044
Alternative Uses
Best Use
Apartment 5plus
$646.8K
$565.9K – $754.6K
NOI $45,274 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$839.6K
$734.6K – $979.5K
NOI $58,769 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property contains five one-bedroom, one-bathroom apartments.
Where is this apartment building located?
The property is located at 725 E Ridgecrest Blvd Ridgecrest, CA.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Five apartment units, each with 1 bedroom and 1 bathroom; 3,930 square feet; Two units feature updated flooring, tile showers, quartz countertops, and tile backsplashes
