128 W Haloid, Ridgecrest, CA 93555, Ridgecrest, 93555 - 0 bed, 0 bath
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Ridgecrest, CA 93555
Analysis of 128 W Haloid, Ridgecrest, CA 93555 is currently available with a list price of $325,000. 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.
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.
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.
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.
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.
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.
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.
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 Four on a lot 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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 50% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 2,568 | 2,923 | 50% |
| Lot Size | 13,504 | 10,890 | 50% |
| Price | $325.0K | $281.2K | 50% |
| Price per sq ft | $127 | $100 | 50% |
| Built year | 1959 | 1959 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 226 | 198 | 0% |
May 8, 2026
$325,000
$335,000
-3% Price Drop
Initial Listing
Mar 4, 2026
$335,000
$349,900
-4% Price Drop
Initial Listing
Oct 23, 2025
$349,900
Initial Listing
May 14, 2024
$242,500
Public Record
Feb 17, 2017
$134,000
Public Record
Mar 27, 2006
$46,500
Public Record
Feb 15, 2006
$185,000
Public Record