128 W Haloid, Ridgecrest, CA 93555, Ridgecrest, 93555 - 0 bed, 0 bath
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Ridgecrest, CA 93555
This Quadruplex Residential Income Asset is a Strong Value Opportunity, listed at $310,000—positioned slightly above the $306,700 Fair Market Value. While the property carries a Condition Rating of 5, it functions as a turnkey, professionally managed operation with a 6.8% annual ROI. Proximity to the Naval Air Weapons Station China Lake ensures consistent rental demand for this 2,568 sq ft multi-unit site. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking stable, passive cash flow in a high-yield desert market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 128 W Haloid Subject | $310,000* List Price | 0 | 0 | 2,568 | $119 | - |
A 128 W Haloid Active | $325,000 List Price | 0 | 0 | 2,568 | $127 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1959, the property is over 60 years old, placing it well beyond the 30-year threshold for Poor condition. While currently occupied and managed, the lack of documented renovations to kitchens, bathrooms, or electrical/HVAC systems—combined with visible dated roof-mounted swamp coolers and weathered exterior finishes—indicates the asset is significantly dated and likely requires substantial rehab to meet modern safety and efficiency standards.
The property delivers a robust 6.8% annual ROI with consistent occupancy, providing a reliable and high-yield income stream for investors.
Operating on 'auto-pilot' with professional management already in place, this asset is ideal for investors seeking a hands-off, turnkey operation.
Located near the Naval Air Weapons Station China Lake, the property benefits from steady rental demand and low turnover from the local military and civilian workforce.
Built in 1959, the property may require increased long-term maintenance or capital improvements to aging systems compared to newer builds.
With only 2,568 total square feet across four units, the living spaces are relatively small, which may limit the tenant pool to individuals or smaller households.
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.
Jun 24, 2026
$310,000
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