Quadplex with Separate Utility
For Sale
$475,000
8924 N Loop, California City, CA 93505
California City, CA
Property Size3,300 SF
Lot Size0.23 Acres
Price / SF$143.94
Days on Market52
Property Features for 8924 N Loop
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 3, Bedroom 6, Laundry Room, Bathroom 1, Bedroom 8, Bedroom 7, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 4, Family Room, Bathroom 3
Parking
4
Parking features
Garage, Driveway
Interior features
Ceiling Fan(s), Tile Counters
Fireplace
1
Appliances
Gas Cooktop
Lot features
Level with Street, Lot 6500-9999, 2-5 Units/ Acre
View
Desert
Elementary school district
Mojave Unified
Middle school district
Mojave Unified
High school district
Mojave Unified
Directions
N. Loop Blvd/Hacienda Blvd (closer to 89th St)
Subdivision
CAC - California City
Standard status
Active
APN
20817003003
Size
3,300 SF
Lot size
0.23 Acres
Utilities
Sewer type
Public Sewer
Heating system
Fireplace(s), Central
Cooling system
Central Air
Water source
Public
Amenities
patios
gas fireplace
washer/dryer hookups
Building Details
Year built
1992
Floors in Building
1
Number of units
4
Listing Agency:
Equity Union · Keller Williams Realty
(818) 989-2000
Listed By:
Adriana Gurrola · License #02092775
(323) 717-7586
Added: Jul 1
Changed: Aug 19
Last Checked: Aug 21 at 7:06PM
MLS# SR26144392
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Well-maintained quadplex built in 1992, designed as two side-by-side dwellings with a total of four two-bedroom, one-bath units. Each unit has its own separate utility meters, a personal patio, and dedicated 2-car garage parking with direct access to the unit. Interior features include a clean, functional kitchen with plenty of cabinetry, gas fireplace, dual double-pane windows, and personal washer and dryer hookup(s) for each tenant.
Additional property details include central heating and central air, public water, and public sewer. The property provides approximately 3,300 square feet of living space on a nearly 10,000-square-foot lot, supporting an income-producing residential rental setup.
For tenants, the combination of in-unit convenience (washer/dryer hookup[s]) and attached garage access is intended to simplify daily living and property management.
Additional property details include central heating and central air, public water, and public sewer. The property provides approximately 3,300 square feet of living space on a nearly 10,000-square-foot lot, supporting an income-producing residential rental setup.
For tenants, the combination of in-unit convenience (washer/dryer hookup[s]) and attached garage access is intended to simplify daily living and property management.
Key Highlights
- Built in 1992 quadplex with four two‑bedroom, one‑bath units
- Separate utility meters for each unit
- Personal patios plus attached 2‑car garage parking with direct access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,190
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$823,800
$823.8K
Cap Rate 7%
$588,429
$588.4K
Cap Rate 9%
$457,667
$457.7K
Market Conditions
NOI Build-Up for 3,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.6K $18.36/SF
− Vacancy
−$1.7K −$0.53/SF
EGI
$58.8K $17.83/SF
− OpEx
−$17.7K −$5.35/SF
NOI
$41.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$823,800
Cap Rate 7%
$588,429
Cap Rate 9%
$457,667
Alternative Uses
Best Use
Multifamily LT 5
$588.4K
$514.9K – $686.5K
NOI $41,190 @ 7.0% cap · market cap 8.67%
Second Best
Apartment 5plus
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 8.00%
Theoretical Best
Warehouse
$705.0K
$616.9K – $822.5K
NOI $49,348 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 93505, CA
14,880
Population
5,352
Households
2.8
Avg Household Size
35
Median Age
11%
College-Educated
79%
High-School Grad
65.0 sq mi
ZIP Area
229
Density / Sq Mi
$55,010
Median Household Income
$32,590
Median Earnings
$1,016
Median Rent
$239,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom units each with separate utility meters, patios, and 2-car garage parking, built in 1992.
Where is this quadplex located?
The property is located at 8924 N Loop California City, CA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Built in 1992 quadplex with four two‑bedroom, one‑bath units; Separate utility meters for each unit; Personal patios plus attached 2‑car garage parking with direct access
