5-Unit Apartment
725 E Ridgecrest Blvd, Ridgecrest, CA 93555
For Sale
$569,000
Multi Family, Ridgecrest, CA
Property Size3,930 SF
Lot Size0.14 Acres
Price / SF$144.78
Days on Market40
Property Features for 725 E Ridgecrest Blvd
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
Listing Agency:
TNT Western Homes Inc.
Listed By:
Timothy D. Jacobs · License #1468735
(760) 384-0000
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 9 at 3:06AM
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.
Built in 1979, this apartment property contains five one-bedroom, one-bathroom units across 3,930 square feet. The 0.14-acre site is zoned R-4. Interior features include tile flooring, and the listed appliances include dishwashers, ovens/ranges, refrigerators, water heaters, and washer/dryer hookups.
Two units have received interior upgrades, including new flooring, tiled showers, quartz countertops, and tile backsplashes; the improvements also include a split-system AC unit. The property has wall-furnace heating and evaporative cooling.
Two units have received interior upgrades, including new flooring, tiled showers, quartz countertops, and tile backsplashes; the improvements also include a split-system AC unit. The property has wall-furnace heating and evaporative cooling.
Key Highlights
- Five units, each configured with one bedroom and one bathroom
- 3,930 square feet of building area on a 0.14‑acre site
- Two units updated with new flooring, tiled showers, quartz counters, tile backsplashes, and a split‑system AC unit
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
$235,400
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Kern County, CA
Properties on Market for Apartment buildings in Kern County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has one bedroom and one bathroom, with R-4 zoning supporting the multifamily configuration.
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 units, each configured with one bedroom and one bathroom; 3,930 square feet of building area on a 0.14‑acre site; Two units updated with new flooring, tiled showers, quartz counters, tile backsplashes, and a split‑system AC unit
