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Property profile & analytics
FOR SALE
Apartment buildings
16039 L St Mojave, CA 93501
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-5289270
For Sale
1 / 46
$650,000
16039 L St, Mojave, CA 93501
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1944
Construction
WOOD
Total area
3,863 SF
Lot
0.35 ac (15,245 SF)
Zoning code
R-3 PD H F
APN
236-172-05-00-8
UPID
US09-5289270
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$433k
Blend (final)
Blend
$560k
Owner & transaction history
Mojave Ventures LLC · 3 yrs held
Mojave Ventures LLC
since 2023
Last sale
$575,000
7 recorded transactions
Zoning & alternative use
R-3 PD H F · Mojave, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$815,000
+41.4%
Office building
$750,000
+30.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mojave submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mojave submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$560,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$575,000
Current use
MEDICAL BUILDING
$815,000
Change: +41% · Conversion: Moderate
OFFICE BUILDING
$750,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$535,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$485,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $575k (Mar 24 2023)
Last sale anchor
$575k
Mar 24 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$145 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,574
Tax year 2024
Assessed value
$306,000
Assessed 2024
Previous assessed
$306,000
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$91,800
Assessed improvement
$214,200
Applied tax rate
94.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1944
Construction
WOOD
Heating
YES
Cooling
OTHER
Stories
1
Units
8
Total area
3,863 SF
Lot
0.35 ac (15,245 SF)
Zoning code
R-3 PD H F
APN
236-172-05-00-8
UPID
US09-5289270
Jurisdiction
KERN
Zoning & alternative use
R-3 PD H F · Mojave, CA
Zoning R-3 PD H F · permitted uses
R-3 PD H F · Mojave, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mojave. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$575,000
MEDICAL BUILDING
Est. value
$815,000
OFFICE BUILDING
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$535,000
RETAIL STORES
Est. value
$485,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1944
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
8
Lot
0.35 ac
Current owner
From public records · entity-resolved
Mojave Ventures LLC
Entity
Mailing address
716 N VENTURA RD #166, OXNARD, CA 93030-4405
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2024
—
Mojave Ventures LLC
—
Deed
related
$575,000 · The Drabkin Family Trust
Mar 24, 2023
$575,000
Mojave Ventures LLC
Ariani Holdings LLC
Grant Deed
$575,000 · Alexander Shakhnis
Aug 18, 2017
—
Awr Hldgs LLC
Gupta,ashish & Fabiola J
Quit Claim Deed
—
Apr 7, 2017
$150,000
Ashish Gupta
Desert Vista Homes LLC
Grant Deed
—
Aug 11, 2009
—
Desert Vista Homes LLC
Kreigh,daniel T
Grant Deed
related
—
Jun 2, 2008
—
Daniel T Kreigh
Kreigh,rojana
Quit Claim Deed
related
—
May 30, 2008
$425,000
Daniel T Kreigh
Mason Family Trust
Grant Deed
$275,000 · Mason Family Trust
Mar 31, 2008
$127,174
Mason Family Trust
Chicago Title
Trustees Deed
related
—
Dec 17, 2004
$135,000
Sherman Campbell
Mason Family Trust
Grant Deed
$117,850 · Mason Family Trust
Sep 22, 1998
—
Mason Trust
Mason,joe
Quit Claim Deed
related
—
Jun 30, 1980
—
—
—
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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