Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    8318 Dogbane Avenue, California City, CA 93505
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    8318 Dogbane Avenue
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    • MLS#: 24408373 ( )
    • Street Address: 8318 Dogbane Avenue
    • Viewed: 13
    • Price: $689,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1989
    • Bldg sqft: 0
    • Days On Market: 209
    • Additional Information
    • County: KERN
    • City: California City
    • Zipcode: 93505
    • Provided by: The Collective Realty
    • Contact: Will Will
    • DMCA Notice
    • Description
      Reduced Price! Motivated Seller! Discover the perfect investment opportunity at 8318 Dogbane Ave., California City, California. Nestled in a prime location, this property boasts six split level 2 bedrooms and 1 bath units. With approximately 5280 sq. feet of living space, there's ample room for tenants to enjoy. Several units have been recently remodeled. Currently 3 units are vacant, one of which is remodeled/ move in ready, and two that the buyer can update to their liking. Whether you're looking to expand your rental portfolio or start anew, this property promises great potential and value add. Situated approximately 20 miles from Edwards Air Force Base, 35 miles from the city of Lancaster, 65 miles from Bakersfield and 125 miles to Los Angeles. Fully rented at market, the property has a pro forma income of $78,612 with a GRM of 8.76 and a cap rate of 7.8%. Can be purchased together with another six unit property at 6611 California City Blvd., California City.
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    Features
    Appliances
    1. Dishwasher
    Building Area Total
    1. 5280.00
    Construction Materials
    1. Stucco
    2. Wood Siding
    Cooling
    1. Central Air
    Country
    1. US
    Heating
    1. Central
    Levels
    1. Two
    Netoperatingincome
    1. 53575.00
    Parcel Number
    1. 21322113001
    Parking Features
    1. Carport
    Pool Features
    1. None
    Postalcodeplus4
    1. 1941
    Roof
    1. Shingle
    Sourcesystemkey
    1. 24-408373:CLAW
    Spa Features
    1. None
    Totalexpenses
    1. 25037.00
    Views
    1. 13
    Year Built
    1. 1989
    Zoning
    1. R3
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836