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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Apartment buildings
4423 Johnston Ave Ridgecrest, CA 93555-8356
Entity Owned
3-yr Hold
Free & Clear
Property ID
US10-3075498
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
WOOD
Total area
5,811 SF
Lot
0.69 ac (30,056 SF)
Zoning code
E(1/4)MH
APN
352-124-35-00-1
UPID
US10-3075498
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
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$496k
Blend (final)
Blend
$555k
Owner & transaction history
Sixth & Union LLC · 3 yrs held
Sixth & Union LLC
since 2022
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
E(1/4)MH · Ridgecrest, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Ridgecrest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridgecrest 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
$530,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$865,000
Current use
AUTO REPAIR, GARAGE
$805,000
Change: -7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$740,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$730,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $600k (Oct 4 2022)
Last sale anchor
$600k
Oct 4 2022
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
$96 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,337
Tax year 2023
Assessed value
$600,000
Assessed 2023
Previous assessed
$600,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$85,000
Assessed improvement
$515,000
Applied tax rate
111.0000
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
Off-Market
Year built
1964
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Units
6
Total area
5,811 SF
Lot
0.69 ac (30,056 SF)
Zoning code
E(1/4)MH
APN
352-124-35-00-1
UPID
US10-3075498
Jurisdiction
KERN
Zoning & alternative use
E(1/4)MH · Ridgecrest, CA
Zoning E(1/4)MH · permitted uses
E(1/4)MH · Ridgecrest, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ridgecrest. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$805,000
INDUSTRIAL (GENERAL)
Est. value
$740,000
RETAIL STORES
Est. value
$730,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1964
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
6
Lot
0.69 ac
Current owner
From public records · entity-resolved
Sixth & Union LLC
Entity
Free & Clear · 3 yrs held
Mailing address
7239 TOPANGA CYN BLVD CANOGA PARK
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2023
—
Sixth And Union LLC
—
Deed
related
$350,000 · First Citizens Bank & Trust Co
Oct 4, 2022
$600,000
Sixth & Union LLC
Ogtet LLC
Grant Deed
—
May 10, 2019
—
Ogtet LLC
Tet Holdings LLC
Quit Claim Deed
—
Sep 20, 2018
$235,000
Tet Holdings LLC
Oneal,kelly
Grant Deed
—
Mar 2, 2016
—
Kelly O'neal
Steve O'neal
Intrafamily Transfer
related
$135,000 · Commumty West Bank NA
Mar 16, 2015
$143,000
Kelly Oneal
Steve Kelly Dev LLC
Grant Deed
—
Mar 31, 2006
$285,000
Steve Kelly Dev LLC
Vieria,peter R & Diane M
Grant Deed
—
Jul 28, 2000
$74,500
Peter R Vieria
Bank Of New York Trustee
Grant Deed
$74,500 · Metwest Mortgage Services INC
Nov 24, 1999
$85,686
Bank Of New York Trustee
Hernandez,pedro R & Maria E
Trustees Deed
related
—
Sep 23, 1996
$45,840
Great Western Bank
Pippenger,jeffry A & Kathryn L
Trustees 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.
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