5-Unit Apartment
For Sale
$569,000
725 E Ridgecrest Blvd, Ridgecrest, CA 93555
Multi Family, Ridgecrest, CA
Property Size3,930 SF
Lot Size0.14 Acres
Price / SF$144.78
Days on Market32
Property Features for 725 E Ridgecrest Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 5, Bedroom 5, Bathroom 3, Bathroom 2, Bathroom 1
Interior features
Flooring- Tile
Appliances
Dishwasher, Oven/Range, Refrigerator, W/D Hookups, Water Heater
Lot features
Sidewalks, Curb & Gutter, Landscape- Partial, View of Mountains
Directions
On east Ridgecrest Blvd right before broadway
Subdivision
North East
Standard status
Active
APN
080-051-51
Size
3,930 SF
Lot size
0.14 Acres
Utilities
Heating system
Wall Furnace
Cooling system
Evaporative Cooling
Building Details
Year built
1979
Number of units
5
Roof type
Composition
Listing Agency:
TNT Western Homes Inc.
Listed By:
Timothy D. Jacobs · License #1468735
(760) 384-0000
Added: Oct 1
Changed: Oct 30
Last Checked: Nov 1 at 9:06PM
MLS# 2609071
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 3,930-square-foot apartment property contains five one-bedroom, one-bathroom units. The building was constructed in 1979 and sits on a 0.14-acre parcel with R-4 zoning.
Two units have received interior updates, including new flooring, tile showers, quartz countertops, tile backsplashes, and a split-system air-conditioning unit. Additional listed features include tile flooring, wall furnaces, evaporative cooling, and a composition roof. Appliances include a dishwasher, oven/range, and refrigerator; washer and dryer hookups are also present.
Two units have received interior updates, including new flooring, tile showers, quartz countertops, tile backsplashes, and a split-system air-conditioning unit. Additional listed features include tile flooring, wall furnaces, evaporative cooling, and a composition roof. Appliances include a dishwasher, oven/range, and refrigerator; washer and dryer hookups are also present.
Key Highlights
- Five apartments, each with one bedroom and one bathroom
- 3,930 square feet on a 0.14‑acre parcel
- Two units updated with tile showers, quartz countertops, backsplashes, and new flooring
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 includes one-bedroom, one-bathroom residences and R-4 zoning.
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 apartments, each with one bedroom and one bathroom; 3,930 square feet on a 0.14‑acre parcel; Two units updated with tile showers, quartz countertops, backsplashes, and new flooring
