16197 H Stm-w Mojave, CA 93501-1527
Property profile & analytics
16197 H Stm-w, Mojave, CA 93501-1527
- Apartment buildings
- 87,756 SF
- 81.94 lot acres
Property ID
US09-2372290
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 16197 H Stm-w
- Year built
- 2011
- Construction
- WOOD FRAME
- Lot size
- 81.94 lot acres
- Property size
- 87,756 SF
- Zone code
- R-2 PD
- Property type
- Apartment buildings
- APN
- 236-480-12-00-4
- APU
- 23648012004
Description
This exceptional 81-unit apartment complex, built in 2011, presents a compelling investment opportunity in Mojave, California. Located on approximately 82 acres, this Class A property boasts 84,256 square feet of net rentable space, currently operating at 100% occupancy. The property features a mix of unit sizes, including 40 two-bedroom, 33 three-bedroom, and 8 four-bedroom units, offering diverse rental options. The asking price is $4,150,000, translating to approximately $78,691 per unit, with a current NOI of $278,521 and a pro-forma NOI of $426,560, resulting in a 6.02% cap rate and a pro-forma cap rate of 10.28%. The property is subject to a 55-year Regulatory Agreement stemming from its designation as a LIHTC property with a 9% tax credit award, mandating that 80 units be rented to residents earning no more than a specified percentage of the Area Median Income (AMI). The property's location in Mojave, an unincorporated community in Kern County, offers proximity to Bakersfield and Los Angeles, and benefits from the area's aviation, space, and military industries. The property's fee simple ownership and R-1 zoning provide flexibility for future development or management strategies. This is a rare opportunity to acquire a well-maintained, high-occupancy multifamily asset with significant upside potential. The property's strong cash flow, coupled with the potential for increased NOI, makes it an attractive investment for both seasoned and emerging investors. The property's substantial lot size also presents additional development possibilities.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $16,850,000
- 6.5%
- $15,555,000
- 7%
- $14,440,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $12,191,000
- AI Estimate
- $10,266,000
Market price range: $9.09M - $17.6MMarket price range: $3.99M - $17.9M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $13,080,000 Current use
- MEDICAL BUILDING
- $18,495,000 Change: +41% Conversion: Moderate
- OFFICE BUILDING
- $17,000,000 Change: +30% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $12,175,000 Change: -7% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $11,140,000 Change: -15% Conversion: Difficult
- RETAIL STORES
- $11,040,000 Change: -16% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mojave
- County
- Kern
- State
- California
- Longitude
- -118.18
- Latitude
- 35.0525
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,702
$511,189
$8,100,867
$8,612,056
-
$0.00
$0.00
$0.00
