3335-3351 75Th St Rosamond, CA 93560
- Industrial properties
- 9,000 SF
- 2.54 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 3335-3351 75Th St
- Year built
- 1991
- Lot size
- 2.54 lot acres
- Property size
- 9,000 SF
- Property type
- Industrial properties
- Property subtype
- Manufacturing properties
Description
This exceptional investment opportunity presents two industrial buildings totaling 9,000 square feet on a 2.54-acre lot in Rosamond, California. Ideally situated adjacent to the renowned Willow Springs International Raceway, the property boasts a prime location with significant upside potential. Each of the two buildings, constructed in 1991, offers approximately 4,500 square feet of shop-style space, currently 100% occupied by long-term tenants on month-to-month leases. The property generates a current net operating income (NOI) of $90,000, representing a pro-forma cap rate of 11.61%. However, the current monthly income of $3,375 is significantly below market value, presenting a substantial opportunity for increased revenue through lease renegotiations or attracting new tenants. The property is zoned Commercial/Industrial M2 and features a septic tank, separate electric meters for each building, and no gas service. The asking price is $775,000, or $387,500 per unit, and the price per square foot is $86.11. The property's APN is 252-141-09-00-2. Buyers are responsible for verifying all aspects of the property during their due diligence. This is an owner-user or investment opportunity with significant potential for growth.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rosamond
- County
- Kern
- State
- California
- Longitude
- -118.265
- Latitude
- 34.8686