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

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    6611 California City Boulevard, California City, CA 93505
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    6611 California City Boulevard
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    • MLS#: 24408375 ( )
    • Street Address: 6611 California City Boulevard
    • Viewed: 14
    • Price: $679,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1991
    • 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! Welcome to 6611 California City Blvd., a prime investment opportunity in California City close to the highway. This expansive property boasts six 2 bedroom, 2 bathroom apartment units spanning approximately 5,200 sq. feet. There are currently four vacant units, two of which are remodeled/ move in ready, and two that the buyer can upgrade to their liking. Great value add opportunity! At approximately a quarter acre, the lot has the possibility to expand with additional units. 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. The property not only offers convenience but also promises great rental income potential making it an ideal choice for savvy investors seeking long term returns. Fully rented at market, the property has a pro forma income of $87,540, giving it an incredible 7.76 GRM and 9.1% cap rate. Can be purchased together with another six unit property at 8318 Dogbane Ave, California City.
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    Features
    Appliances
    1. Dishwasher
    Building Area Total
    1. 5284.00
    Cooling
    1. Central Air
    Country
    1. US
    Heating
    1. Central
    Laundry Features
    1. Stackable
    Levels
    1. Two
    Netoperatingincome
    1. 60907.00
    Parcel Number
    1. 21811418000
    Parking Features
    1. Garage - Single Door
    Pool Features
    1. None
    Roof
    1. Tile
    Security Features
    1. Carbon Monoxide Detector(s)
    2. Smoke Detector(s)
    Sewer
    1. Septic Type Unknown
    Sourcesystemkey
    1. 24-408375:CLAW
    Spa Features
    1. None
    Totalexpenses
    1. 26633.00
    View
    1. Desert
    Views
    1. 14
    Year Built
    1. 1991
    Zoning
    1. RM1/RM2
    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