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141 W Upjohn Ave
Ridgecrest, CA 93555
Ridgecrest Villa Apartments · Multifamily Property For Sale
·
31 Units
PROPERTY FACTS
| No. Units | 31 | Building Size | 31,626 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1978 |
| Building Class | C | Parking Ratio | 0.98/1,000 SF |
| Lot Size | 1.20 AC | ||
| Zoning | Multi Family - Multi Family | ||
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.20 AC |
| Building Size | 31,626 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 0.98/1,000 SF |
| Zoning | Multi Family - Multi Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Garden
SITE AMENITIES
- Courtyard
ABOUT 141 W UPJOHN AVE , RIDGECREST, CA 93555
Excellent, visible building on main crossing of Upjohn and China Lake. Located in close proximity to US Naval Base at China Lake and Ridgecrest Regional Medical Center which are major employers. Ridgecrest is undergoing a complete renaissance and is looking to constructing a 20,000-40,000SF Casino, Hotel, and Conference Center (in two phases). Currently in Environmental phase. The base will be adding 700 jobs by the end of the year. 7.3 % PRO FORMA CAP: Building currently stabilizing and renovating multiple units for maximum market rent capture. Mostly comprised of 1000SF units (2B/2B). Four of the units have been renovated. 28 out of 31 units have washer and dryer hook ups. 25 of the units are 2-Bed / 2-Bath units. All units metered for gas and electric. Solid upside.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 400 - 1,000 |
| 1+1 | 3 | - | 600 |
| 2+2 | 25 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | 480-010-01-00-6 | Improvements Assessment | $2,291,507 |
| Land Assessment | $198,084 | Total Assessment | $2,489,591 |
PROPERTY TAXES
