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21220 Campo Ct & 20210 Park Rd Tehachapi, CA 21220 Campo Ct 16 Unit Apartment Building $1,990,000 ($124,375/Unit) Tehachapi, CA 93561
EXECUTIVE SUMMARY
This is an amazing opportunity to own these two 8-unit apartments in Tehachapi. The 16-unit apartments feature cozy living rooms, spacious kitchens with dining areas, and a good-sized balcony. The building has been recently renovated and is in good condition. Each unit has its own gas and electric meters. The location of this property is perfect for investors who want to benefit from the robust rental market in Tehachapi. The area is one of the most sought-after in the region, with a high quality of life and a low cost of living. The property is close to everything that Tehachapi has to offer, such as schools, shopping centers, restaurants, parks, and highways. Tehachapi is a fast-growing community with a strong economy and a diverse population. The demand for rental units is high, and the vacancy rates are low, which means steady income and appreciation for the owner. The whole portfolio has a total of 52 units. Buyers can purchase 16 units or 20 units or a total of 52 units at a time.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$201,600
|
$19.09
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$201,600
|
$19.09
|
| Taxes |
$23,228
|
$2.20
|
| Operating Expenses |
$51,612
|
$4.89
|
| Total Expenses |
$74,840
|
$7.09
|
| Net Operating Income |
$126,760
|
$12.00
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $201,600 |
| Annual Per SF | $19.09 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $201,600 |
| Annual Per SF | $19.09 |
| Taxes | |
|---|---|
| Annual | $23,228 |
| Annual Per SF | $2.20 |
| Operating Expenses | |
|---|---|
| Annual | $51,612 |
| Annual Per SF | $4.89 |
| Total Expenses | |
|---|---|
| Annual | $74,840 |
| Annual Per SF | $7.09 |
| Net Operating Income | |
|---|---|
| Annual | $126,760 |
| Annual Per SF | $12.00 |
PROPERTY FACTS
| Price | $1,990,000 | Apartment Style | Low-Rise |
| Price Per Unit | $124,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.53 AC |
| No. Units | 16 | Building Size | 10,560 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1984 |
| Zoning | R-3 - Residential | ||
| Price | $1,990,000 |
| Price Per Unit | $124,375 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 10,560 SF |
| No. Stories | 2 |
| Year Built | 1984 |
| Zoning | R-3 - Residential |
AMENITIES
SITE AMENITIES
- Smoke Free
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | 660 |
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PROPERTY TAXES
| Parcel Number | 468-093-04-00-0 | Total Assessment | $957,168 (2025) |
| Land Assessment | $52,020 (2025) | Annual Taxes | $23,228 ($2.20/SF) |
| Improvements Assessment | $905,148 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
468-093-04-00-0
Land Assessment
$52,020 (2025)
Improvements Assessment
$905,148 (2025)
Total Assessment
$957,168 (2025)
Annual Taxes
$23,228 ($2.20/SF)
Tax Year
2024
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21220 Campo Ct & 20210 Park Rd Tehachapi, CA | 21220 Campo Ct
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