617 E Ridgecrest Blvd
Property Description
This well-positioned apartment complex is also just 3.5 miles from NAVAIR China Lake, 5 miles from Cerro Coso Community College, and minutes from schools, shopping, dining, and everyday conveniences. The property offers a desirable unit mix of five 2-bedroom apartments and four 1-bedroom apartments. Select units feature balconies or small fenced backyard spaces, adding to resident appeal. The property is currently undergoing revitalization to enhance its overall appearance; several units have already been updated with modern finishes including luxury vinyl plank flooring, quartz countertops, and premium fixtures. Additional units have been upgraded within the past decade, and the remaining apartments offer an excellent opportunity for further value-add improvements. With strong income potential and returns that exceed those commonly found in today's market, this property presents an exceptional investment opportunity. Whether you're an experienced investor looking to expand your portfolio with a high-yield asset or a new investor seeking an attractive entry into the market, this apartment complex offers outstanding upside and long-term potential.
Broker Details
Elite Property Management 760-446-4300
MLS ID: AW35110 State License Number: 01988230
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $825,000 |
| No. of Units: | 9 |
| Year Built: | 1979 |
| Lot Size: | 6,730.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $91,667 |
| Property Website | Click Here |
| Number of Bedrooms: | 13 |
| Number of Bathrooms: | 11 |
ID: 3yd-RAARCA-2608736
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