823 China Lk Blvd, Ridgecrest, CA 93555-3515
- Retail space
- 6,138 SF
- 0.17 lot acres
Current Use by Public Records
- Symphony In Ink / Tattoo & Piercing Shop
- East Kern Bail Bonds / Law Firm
Property Details for 823 China Lk Blvd
- Year built
- 1949
- Construction
- WOOD
- Lot size
- 0.17 lot acres
- Property type
- Retail space
- APN
- 067-031-01-00-6
- APU
- 6703101006
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 10, 2002 | $75,000 | Lola Traylor | Olson Enterprises | Grant Deed | $35k · Olson Enterprises |
| Jan 10, 2002 | — | Lola Traylor | White,albert C | Grant Deed · related | — |
| Jan 6, 2000 | — | Hartley Trust | Hartley,lawrence S | Quit Claim Deed · related | — |
| Jun 12, 1995 | $28,000 | Lawrence E Hartley | Irelan,jana | Quit Claim Deed · related | — |
| Jun 12, 1995 | — | Olson Enterprises | Norrington,adeline L | Quit Claim Deed · related | — |
| Jan 19, 1995 | — | Adeline L Norrington | Olson Trust | Quit Claim Deed · related | — |
| Mar 17, 1992 | — | Olson Agnes M Tr | Unknown | Grant Deed · related | — |
| — | — | Lola Traylor | — | Deed Of Trust · related | $158k · Altaone FCU |
Description
This exceptional multi-tenant retail investment opportunity in Ridgecrest, CA, presents a compelling prospect for discerning investors. Located on a prominent 0.17-acre site at 823 N China Lake Blvd, this property boasts a 5,828 square foot, two-story building, currently housing three tenants, ensuring a diversified income stream. The building, constructed in 1949 and renovated in 2018, features durable masonry construction, a roll composition roof, and ample parking (approximately 10 spaces) accessible from both N. China Lake Blvd and a rear alley. The property benefits from high visibility due to its location on a major thoroughfare, attracting substantial foot traffic. The current lease structure is a Net Net + (NN+) arrangement with a remaining term of five years, generating a strong net operating income (NOI) of $37,440 and an attractive 8.00% capitalization rate. The property is zoned GC and features a well-maintained exterior, aligning seamlessly with the surrounding neighborhood. The total square footage is 6,071 square feet, with 100% occupancy. This stabilized investment offers a secure return with potential for future appreciation. The property's convenient dual access and well-structured site layout, including landscaping and paved areas, further enhance its appeal. This is a turnkey opportunity to acquire a profitable, well-maintained retail property in a desirable location. The property's APN is 067-031-01-00-6. The asking price is $480,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Ridgecrest
- County
- Kern
- State
- California
- Longitude
- -117.67
- Latitude
- 35.6361
- CBSA code
- 12540
- CBSA name
- BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA
