2259 Inyo Street,  Mojave  (93501)

$370,000

0 bedrooms 0   0 bathrooms 0   4501 square feet 4,501
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Listed By: Jose(Joe) Mayol of eXp Realty of California Inc

PROPERTY DETAILS

Address: view address
Mojave, CA 93501
Map Location
Features: Multi-level
Square Feet:4,501 sq.ft.Lot Size:15114.0
Year Built:1929Styles:Contemporary
Property Type:Mixed UseCounty:Kern
List Date:2024-06-18Listing Number:SR24125466
Listed By:eXp Realty of California IncListing Office:661-618-1442

PROPERTY DESCRIPTION

Priced for quick sale, multi units residential development, approved for 10 units, currently plans in process with county building and safety, property needs rehab , this is not ground up construction, there is existing 5,000 sqft building on a 15,000+ square feet lot lot , that provides great potential, this project will require a complete remodeling. The project received Kern county planning commission CUP approval to convert into a 10-unit apartment building consist of 5 studios and 5 one-bedroom units, all electric units with separate meters, no additions or major building alterations required, using the existing structure and available parking. Currently plans are in approval process with building and safety, rents in the area increased by a lot in recent years, proforma shows between $100-$130k in gross annual rents. And with low expense ratio, cap rate is estimated to be between 7-10% once completed. With the new space port being developed in Mojave, alternative energy developments and Edwards Air Force base increasing activities, the rents in the area are in high demand. Mojave is just 45 minutes from Bakersfield and 30 minutes from Lancaster. the building is secure and being guarded, seller may carry for qualified buyers, contact broker for more information and showing-Owner will consider carrying with experienced Person Agent Remarks: Amazing opportunity for the experienced Investor /Builder -The project received Kern county planning commission CUP approval to convert into a 10-unit apartment building consist of 5 studios and 5 one-bedroom units, all electric units with separate meters, no additions or major building alterations required, using the existing structure and available parking. Currently plans are in approval process with building and safety-

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Interior

Features

Fireplace features:NoneFlooring:See Remarks
Laundry Features:See RemarksLaundry:Yes

Cooling & Heating

Cooling features:NoneHeating features:None
Heating:Yes

Exterior

Exterior and Lot

Foundation details:Combination, SlabRoof:Other
Style:Contemporary

Pool and Spa

Pool Features:None

Parking

Garage spaces:3

Property and Lot Details

Other

Sewer:Public Sewer

Fee

Special Listing Conditions:Standard

Building Information

Year Built:1929Levels:One
Stories:1

Lot

Lot Dimensions:15114.0

Construction

Building Area total:4501.0

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

Loading Data...

Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Listed By: Jose(Joe) Mayol of eXp Realty of California Inc