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Property profile

3439-41 Arthur Ave Mojave, CA 93501

OFF-MARKET
Apartment buildings
1,300 SF 0.13 ac lot Built 1957
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully rented, two-unit apartment building located at 3439-41 Arthur Avenue in Mojave, California. Built in 1957 and extensively renovated in 2020, this property boasts 1,300 square feet situated on a 0.13-acre lot (5,663 square feet). The asking price is $319,000, translating to $159,500 per unit and $245.38 per square foot. Each unit offers two bedrooms and one bathroom, providing comfortable living spaces for tenants. The property is zoned R2-Pd. Unit one features a newer stove and front yard access with driveway parking, while unit two benefits from alley access and its own parking area. Both units are currently under one-year leases, generating a substantial monthly income of approximately $1,305. This turnkey investment requires minimal upkeep, making it ideal for first-time investors or those seeking to expand their portfolio. The property's strong rental income and low maintenance requirements offer a straightforward path to consistent returns, making it a compelling opportunity in the Mojave real estate market. The Kern County location, with APN 427-181-11, and 93501 zip code, ensures easy access to local amenities and services. This property represents a rare blend of affordability and profitability, promising a secure and rewarding investment.

Property profile

Verified
Property type Apartment buildings
Year built 1957
Total area 1,300 SF
Lot 0.13 ac (5,663 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3439-41 Arthur Ave Mojave, CA 93501
Mojave metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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