Property profile

0 Monache St Ridgecrest, CA 93555

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional opportunity presents six prime residential building lots nestled in Ridgecrest, California. The property, encompassing parcels 508-151-05, 508-151-06, 508-151-07, 508-151-10, 508-151-11, and 508-151-12, offers a unique blend of size and convenience. Four of these lots boast a generous .75 acres each, while the remaining two offer even more space at .98 acres apiece. Conveniently located on South Monache Street in Kern County, these lots provide ready access to water utilities. Their desirable location offers proximity to the city of Ridgecrest and the China Lake Naval Weapons Center, making them an attractive investment for builders and developers alike. The high desert setting provides stunning views of the nearby Sierra Nevada Mountains. This is a rare chance to acquire multiple buildable lots in a sought-after area, perfect for residential development. The asking price for all six lots is $150,000. The property is zoned Estate (.5). The lots are privately owned and are currently for sale by owner.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

Monache St Ridgecrest, CA 93555
Ridgecrest metro
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Value estimations

Realmo proprietary · 4 methods
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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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