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2259 Inyo Street

Mojave, CA 93501

– beds
– baths
– sqft
15,114 sqft lot
1929 build
– on site

over 5,000 sqft building on a 15,000 sqft lot with huge potential, zoned C-2, can be used for numerous commercial and/or residential uses, the property needs lots of TLC, this is not ground up construction, use the existing building, the property will require a complete remodeling. current owner received Kern County planning commission CUP approval to convert into a 10-unit apartment building consist of 5 studios and 5 one-bedroom units, all electric units with separate meters, no additions or major building alterations required, using the existing structure and available parking. Currently plans are in approval process with building and safety, rents in the area increased by a lot in recent years, proforma shows between $100-$130k in gross annual rents. And with a low expense ratio, the cap rate is estimated to be between 8-12% once completed. With the new space port being developed in Mojave, alternative energy developments and Edwards Air Force base increasing activities, the rents in the area are in high demand. Mojave is just 45 minutes from Bakersfield and 30 minutes from Lancaster. The building is secure and being guarded, seller may carry for qualified buyers, contact broker for more information and showing.

Listed By CRMLS_CA / Ami Tabak / Sandstone Realty Inc. / 213-509-9328

Last checked: Checking… • Last updated Sep 25, 2024 •

MLS# SR24197820 —

The Building

Year Built:

1929
Year Built Source:

Public Records
New Construction:

No
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

5100.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

10
Stories Total:

1
# of Separate Electric Meters:

11

Interior

Levels:

One
Entry Location:

1
Laundry:

Common Area
Laundry:

1

Location

Directions:

hwy 14 to Inyo, cornet of Inyo and K
Latitude:

35.05292600
Longitude:

-118.17205400

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Zoning:

C-2 PD H F
Lot Features:

6-10 Units/Acre
Lot Size Area:

15114.0000
Lot Size Acres:

0.3470
Lot Size SqFt:

15114.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

83
Tax Census Tract:

59.00
Tax Tract:

NA
Tax Lot:

NA

The Listing

Special Listing Conditions:

Standard
Parcel Number:

23621210003

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

BLM/National Forest, Foothills, Hiking, Rural
Pool:

None
Private Pool:

No

Parking

Parking Spaces:

3.00
Garage Spaces:

3.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
9/25/24 Sep 25, 2024	Relisted	CRMLS_CA	$335,000	24.1% (8.7% / YR)
12/21/21 Dec 21, 2021		CRMLS_CA	$270,000
12/20/21 Dec 20, 2021		CRMLS_CA	$270,000	-15.6%

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This multifamily located in Mojave, CA 93501 is currently for sale for $335,000. 2259 Inyo Street is a – square foot multifamily with – beds and – baths that has been on Estately for 50 days. This multifamily is in the attendance area of Mojave Elementary School and Mojave Jr.-Sr. High School.

Listing Courtesy of: CRMLS_CA and Sandstone Realty Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 21:18 on Nov 14.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.