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128 W Haloid, Ridgecrest, CA 93555, Ridgecrest, 93555 - bed, bath

128 W Haloid, Ridgecrest, CA 93555 home-pic-0

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Multi-Unit Investment: This quadruplex offers four individual homes, providing diversified income streams and maximizing rental potential from a single property.
Top Cons:
Property Age: Built in 1959, the property is 65 years old, which may lead to higher maintenance costs and potential for aging infrastructure or systems.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1959 (67 years old).
Condition: Built in 1959, this quadruplex shows significant age throughout its interiors. The kitchens and bathrooms are extremely dated, featuring older appliances, worn laminate countertops, original-style cabinetry, and linoleum flooring. Light fixtures are basic and outdated. Carpeting appears worn and in need of replacement. While described as 'well-maintained' for a rental, the property requires substantial rehabilitation and modernization to meet current quality standards and tenant expectations. The current condition would be considered very uncomfortable for many, necessitating a full interior renovation.
Year Built
1959
Close
-
List price
$350K
Original List price
-
Price/Sqft
$136
HOA
$0
Days on market
-
Sold On
-
MLS number
CV25246695
Home ConditionPoor
Features
View-

About this home

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.

R
Ronald Sandoval
Listing Agent

Price History

Date
Event
Price
05/14/24
Sold
$242,500
02/17/17
Sold
$134,000
03/27/06
Sold
$46,500
02/15/06
Sold
$185,000
Condition Rating
Poor
Built in 1959, this quadruplex shows significant age throughout its interiors. The kitchens and bathrooms are extremely dated, featuring older appliances, worn laminate countertops, original-style cabinetry, and linoleum flooring. Light fixtures are basic and outdated. Carpeting appears worn and in need of replacement. While described as 'well-maintained' for a rental, the property requires substantial rehabilitation and modernization to meet current quality standards and tenant expectations. The current condition would be considered very uncomfortable for many, necessitating a full interior renovation.
Pros & Cons

Pros

Cons

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