Duplex with Updated
For Sale
$209,000
737 Commercial, Ridgecrest, CA 93555
Two units feature recent flooring, fresh paint, and appliances.
Property Size1,440 SF
Price / SF$145.14
Days on Market30
Property Features for 737 Commercial
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Listing Agency:
TNT Western Homes Inc.
(760) 384-0000
Listed By:
Timothy D. Jacobs · License #1468735
(760) 384-8884
Source:
Exprealty
Added: Oct 1
Changed: Oct 25
Last Checked: Oct 28 at 10:08AM
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 duplex contains two units totaling 1,440 square feet. Both have updated flooring and fresh paint, and appliances are included. The building’s roof is less than 3 years old.
Key Highlights
- Two units totaling 1,440 square feet
- New flooring in both units
- Roof is less than 3 years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,974
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,480
$359.5K
Cap Rate 7%
$256,771
$256.8K
Cap Rate 9%
$199,711
$199.7K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$26.4K $18.36/SF
− Vacancy
−$761 −$0.53/SF
EGI
$25.7K $17.83/SF
− OpEx
−$7.7K −$5.35/SF
NOI
$18.0K $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%
$359,480
Cap Rate 7%
$256,771
Cap Rate 9%
$199,711
Alternative Uses
Best Use
Multifamily LT 5
$256.8K
$224.7K – $299.6K
NOI $17,974 @ 7.0% cap · market cap 8.60%
Second Best
Apartment 5plus
$237.0K
$207.4K – $276.5K
NOI $16,589 @ 7.0% cap · market cap 7.94%
Theoretical Best
Warehouse
$307.6K
$269.2K – $358.9K
NOI $21,534 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
111
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?
Duplex - Two units feature recent flooring, fresh paint, and appliances.
Where is this duplex located?
The property is located at 737 Commercial Ridgecrest, CA.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Two units totaling 1,440 square feet; New flooring in both units; Roof is less than 3 years old
