
Tehachapi, CA 93561
Analysis of 113 S Snyder Ave, Tehachapi, CA 93561 is currently available with a list price of $659,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Tehachapi Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1938, this triplex is well-maintained but dated. While the exterior shows some updates like vinyl windows, the 80+ year age suggests that kitchens, bathrooms, and core systems (HVAC/Electric) likely require modernization to meet current standards, fitting the 'Fair' criteria for properties over 20 years old needing minor updates.
The property features three completely detached homes rather than a traditional shared-wall apartment style, providing tenants with the privacy of a single-family residence, private yards, and individual garages.
With a generous 13,504 sqft lot and existing layout, there is a significant opportunity to add a fourth unit, allowing for increased density and enhanced long-term rental yield.
All units are separately metered for utilities and have individual addresses, which minimizes landlord overhead expenses and simplifies the management of tenant-paid services.
Built in 1938, the property may require more frequent maintenance or capital improvements to aging systems compared to modern multi-family developments.
The current list price of $659,000 represents a substantial increase from the 2020 sale price of $290,000, which may impact the immediate capitalization rate and ROI for conservative investors.
Unique Triplex Investment Opportunity – Three Detached Homes on One Property! Rare opportunity to own a well-maintained 3-unit income property featuring three separate detached buildings, each offering the privacy and feel of a single-family home. Every unit has a separate address - 113 S Snyder Ave, 531 E F St and 535 E F St - and includes its own private yard, one-car garage, and separately metered utilities, making management simple and tenant expenses independent. Each unit has 2 bedrooms and 1 bathroom. 535 E F St has additionally a large den that could be used as a bedroom or office, and 1/2 bath. Residents enjoy private outdoor space, dedicated parking, and no shared walls between units. Whether you're an investor looking to expand your portfolio or an owner-occupant seeking rental income, this versatile property offers strong income potential and long-term value. Adding to the property's appeal, the generous lot size and existing site layout may offer the potential to add a fourth unit (buyer to verify with local planning and building departments). This presents an exciting opportunity for future expansion, increased rental income, and added long-term value. This is a rare chance to acquire a multi-unit property that combines the privacy of single-family living with the income-producing benefits of multifamily ownership, plus the possibility of future development.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 7.7 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
Jun 30, 2026
$659,000
Initial Listing
May 29, 2020
$290,000
Public Record
Nov 16, 2016
$225,000
Public Record