16039 L Street
Property Description
Investment Opportunity in Mojave, CA Exceptional opportunity to own an 8-unit residential income property in the growing community of Mojave, California, offered at $650,000. Conveniently located near the Mojave Air & Space Port, Highway 14, and public transportation, this property offers strong upside potential for both investors and owner-operators. This unique multi-unit property features a desirable layout where most units do not share common walls, providing added privacy and a more desirable living experience for tenants. Two units are currently leased with excellent tenants already in place, creating immediate income while still leaving significant opportunity for future rental growth and value-add improvements. Property Highlights: 8 residential units with strong rental potential Convenient access to the 14 Freeway and public transportation Close proximity to Mojave Air & Space Port and local employers Many units offer private-style living with minimal shared walls Excellent opportunity for investors seeking long-term upside Notable Unit Features: 16039 L St - Spacious 2-bedroom unit featuring laundry hookups inside, a newer roof, and an updated kitchen and bathroom. 16049 L St Unit C - Fully renovated interior completed in 2025, including a newly remodeled kitchen and bathroom, plus in-unit laundry hookups. 16037 L St - Includes convenient in-unit laundry hookups. With strong future potential, flexible unit layouts, and continued growth in the Mojave area, this property presents an outstanding opportunity to add value and increase cash flow over time. Perfect for investors looking to capitalize on the expanding High Desert rental market.
Broker Details
J&V Real Estate Inc. 818-522-4481
MLS ID: 77496 State License Number: 01783201
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $650,000 |
| No. of Units: | 8 |
| Year Built: | 1944 |
| Lot Size: | 3,863.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $81,250 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-GAVARCA-26004021
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
5652 La Mirada Avenue
Los Angeles, California
558 Avenida Sevilla, #C, Unit 0
Laguna Woods, California
464 Bent Street, Unit 0
Laguna Beach, CaliforniaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout