128 W Haloid, Ridgecrest, CA 93555, Ridgecrest, 93555 - bed, bath
128 W Haloid
Ridgecrest, CA 93555
Property Price
SUMMARY
Analysis of 128 W Haloid, Ridgecrest, CA 93555 is currently available with a list price of $335,000. 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 Ridgecrest 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1959, this quadruplex is well-maintained and functional but shows significant signs of age. The interiors feature dated cabinetry, older laminate countertops, and basic appliances. While the property is move-in ready and suitable for rental purposes, the presence of older wall heaters and mid-century fixtures indicates it has not undergone a comprehensive modern renovation in recent years, placing it firmly in the fair category.
PROSSTRENGTHS & OPPORTUNITIES
- High Yield Investment
The property boasts a strong 6.8% annual ROI with consistent occupancy, driven by steady rental demand from the nearby Naval Air Weapons Station China Lake workforce.
- Turnkey Management
Operating on 'auto-pilot' with a local management company in place, this asset offers a seamless transition for investors seeking passive income without day-to-day operational headaches.
- Unique Multi-Unit Layout
Featuring four individual homes on a single large lot rather than a shared building, the property provides tenants with superior privacy, which typically results in lower turnover and higher tenant satisfaction.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1959, the property may require ongoing capital expenditures for the maintenance or replacement of older systems, which could impact long-term net profitability.
- Rapid Price Appreciation
The property was purchased for $242,500 in May 2024; the current asking price of $335,000 represents a significant markup in a short timeframe, which may invite scrutiny regarding current market valuation.
About 128 W Haloid
THIS FOUR ON A LOT PROPERTY IS ON AUTO-PILOT, MGMNT CO HANDLES EVERYTHING. Exceptional multi-unit investment opportunity in the heart of Ridgecrest! This well-maintained quadruplex offers four individual homes on a 13,504 sq ft lot, totaling 2,568 sq ft of living space. Each home provides comfortable layouts with strong rental demand and low turnover in a stable desert community. Front homes are 2/1, rear homes 1/1 . Built in 1959, the property has stood the test of time and continues to perform with consistent occupancy and a 6.8% annual ROI. Tenants enjoy ample off-street parking, and convenient proximity to shopping, dining, and the Naval Air Weapons Station China Lake. Perfect for investors seeking reliable income with minimal management headaches. A local property management company oversees day-to-day operations, making this a turnkey asset with dependable cash flow and future upside potential. With a mix of strong market rents and steady demand from the Ridgecrest workforce, this property is ideal for anyone looking to grow or diversify their portfolio in a high-yield, low-maintenance market.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1959
- Lot Size
- 13,504 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 2.0 | 50% |
| Baths | - | 1.0 | 50% |
| Square foot | 2,568 | 2,923 | 50% |
| Lot Size | 13,504 | 10,890 | 50% |
| Price | $335.0K | $286.2K | 50% |
| Price per sq ft | $130 | $101 | 50% |
| Built year | 1959 | 1959 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 135 | 107 | 0% |
Pricing History
Listed for Sale
Mar 4, 2026
$335,000
$349,900
-4% Price Drop
Initial Listing
Price Change
Oct 23, 2025
$349,900
Initial Listing
Sold
May 14, 2024
$242,500
Public Record
Sold
Feb 17, 2017
$134,000
Public Record
Sold
Mar 27, 2006
$46,500
Public Record
Sold
Feb 15, 2006
$185,000
Public Record