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2100 Crestview Ave 7 Unit Apartment Building $745,000 ($106,429/Unit) 6.55% Cap Rate Lake Isabella, CA 93240
EXECUTIVE SUMMARY
We are pleased to present this fully remodeled 7-unit apartment complex that presents a turnkey investment opportunity in a quiet, high-demand rental market. The property is comprised of four 1-bedroom/1-bath units and three studio units, generating over $76,000 in annual gross income. Both the exterior and interior of the building have undergone comprehensive renovations, significantly reducing anticipated maintenance costs for the next owner and ensuring long-term durability. With strong in-place cash flow, modern updates, and minimal capital improvement needs, this asset is well-positioned for stable returns and hassle-free ownership.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $745,000 | Apartment Style | Low-Rise |
| Price Per Unit | $106,429 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 6.55% | Building Size | 3,078 SF |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | ||
| Zoning | R-1 - R-3 | ||
| Price | $745,000 |
| Price Per Unit | $106,429 |
| Sale Type | Investment |
| Cap Rate | 6.55% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 3,078 SF |
| No. Stories | 1 |
| Year Built | 1957 |
| Zoning | R-1 - R-3 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Disposal
- Kitchen
- Oven
- Range
- Carpet
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $748.00 | 392 |
| 1+1 | 4 | $937.00 | 475 |
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PROPERTY TAXES
| Parcel Number | 263-092-07-00-9 | Total Assessment | $419,176 (2025) |
| Land Assessment | $42,448 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $376,728 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
263-092-07-00-9
Land Assessment
$42,448 (2025)
Improvements Assessment
$376,728 (2025)
Total Assessment
$419,176 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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2100 Crestview Ave
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