Ridgecrest, CA 93555 1324 N Norma Street
$1,010,000
Pending
0 more
Presented By: Jeremiah Carew with 3 Leaf Realty Inc; 310-714-1416
Home Details
This property is sold with adjacent properties, and combined, offer a tremendous investment opportunity. The lot size is approximately 65,000sf, and living space approximately 15,000+sf, and a total of 23 doors, opportunity awaits in Ridgecrest. This listing comprises of one single family home, two triplexes, and eight duplexes, with plenty of onsite parking. Conveniently some of the units are vacant allowing you to make updates and maximize the rent potential. Note that many units are under-rented, or vacant.
The single family home has 3 bedrooms and 2 bathrooms, and is 1,498sf on a 6,028sf lot. Live in this home and have your 22 door investment near at hand! All the other units are 1 bedroom/1 bathroom and approx. 600 sf. Located near China Lake Naval Air Station and close to shopping, these properties, at capacity, offer excellent cash flow for years to come. The property is lower maintenance and nicely located.
Note this is a probate sale, subject to court confirmation and overbid. Six properties are to be sold at the same time (ask your agent for details). Please do not walk property.
Presented By: Jeremiah Carew with 3 Leaf Realty Inc; 310-714-1416
Interior Features for 1324 N Norma Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixStreet
Total Stories1
Other Rooms
Entry Level1
General for 1324 N Norma Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityRidgecrest
Community FeaturesSidewalks
CountyKern
Days on Market33
DirectionsW. Inyokern Rd (Hwy 178) to Norma St.
Electric Expense0.0
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income58100.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense3500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCourtApproval, Submit
Lot Size Square Feet48000.0
MLS AreaRCR - Ridgecrest
MobileHomeRemainsYNNo
Net Operating Income58100.0
New ConstructionNo
Operating Expense10000.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsProbateListing
Standard StatusPending
StatusPending
Stories1
Street NameNorma
Tax Lot1
Total Units19
Trash Expense1500.0
View Y/NNo
Water Sewer Expense5000.0
Waterfront Y/NNo
Year Built1972
Year Built SourceAssessor
Exterior for 1324 N Norma Street
Building Area Total12500.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesYard
Lot Size Acres1.1019
Lot Size Area48000.0
Lot Size SourceEstimated
Lot Size UnitsSquareFeet
Number of Buildings9
Number of Separate Electric Meters19
Number of Separate Gas Meters19
Number of Separate Water Meters3
Open Parking Y/NNo
SpaNo
Total Parking19.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480