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15879 Edwin Street, Mojave, CA 93501, Mojave, 93501 - bed, bath

15879 Edwin Street, Mojave, CA 93501 home-pic-0
ACTIVE$549,500/sqft
15879 Edwin Street, Mojave, CA 93501
0Bed
0Bath
Sqft
13,068Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Strong Investment Potential: This quadruplex offers an excellent opportunity for investors, with two units currently occupied providing immediate rental income and two vacant units ready to be rented at current market rates.
Top Cons:
Limited Shared Amenities: The property features only one washer and one dryer hookup for all four units, which may be inconvenient for tenants and could require investment to expand shared laundry facilities.

Compared to the nearby listings

Price:$549.5K vs avg $299.0K (+$250,500)75%
Size: sqft vs avg 1,743 sqft25%
Price/sqft:$0 vs avg $14425%

More Insights

Built in 1986 (40 years old).
Condition: Built in 1986, this quadruplex has had three of its four units recently remodeled, featuring new-looking laminate flooring, fresh paint, updated kitchens with white shaker cabinets, basic white appliances, and laminate countertops. The bathrooms in these units also appear updated with new tub/shower combos, vanities, and toilets. While these remodeled units are in very good, move-in ready condition, the property's age (38 years), the presence of window AC units instead of central air, and the basic nature of the remodels (functional and clean, but not high-end) prevent it from reaching an 'Excellent' rating. The fourth unit is described as well-maintained, further supporting a 'Good' overall condition for the property as a rental income asset.
Year Built
1986
Close
-
List price
$550K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
RS25162845
Home ConditionGood
Features
View-

About this home

This is a great opportunity to become an investor with these four units, each featuring 2 bedrooms and 1 bathroom. Three of the units have been remodeled and are in excellent condition, while the fourth has not been remodeled because the long-term tenants have kept it in very good condition and always pay on time. There is a laundry room with only one washer hookup and one dryer hookup. The new owner has the option to install coin-operated washer and dryer machines for all tenants to use. Two of the units are currently occupied, and two are vacant—ready for you to rent at current market rates. The property is ideally located near a main avenue and shopping centers. There are also many businesses in the area currently hiring employees. Don’t miss this opportunity to become an investor—these units practically pay for themselves through rental income. This property is also a great option for first-time buyers, as the rental income from the other units can help offset the mortgage, making the monthly payment significantly lower than renting elsewhere.

M
Martin Gonzalez
Listing Agent

Price History

Date
Event
Price
11/10/94
Sold
$95,000
08/04/23
Sold
$450,000
10/23/19
Sold
$185,000
02/17/11
Sold
$68,000
03/07/07
Sold
$335,500
Condition Rating
Good
Built in 1986, this quadruplex has had three of its four units recently remodeled, featuring new-looking laminate flooring, fresh paint, updated kitchens with white shaker cabinets, basic white appliances, and laminate countertops. The bathrooms in these units also appear updated with new tub/shower combos, vanities, and toilets. While these remodeled units are in very good, move-in ready condition, the property's age (38 years), the presence of window AC units instead of central air, and the basic nature of the remodels (functional and clean, but not high-end) prevent it from reaching an 'Excellent' rating. The fourth unit is described as well-maintained, further supporting a 'Good' overall condition for the property as a rental income asset.
Pros & Cons

Pros

Strong Investment Potential: This quadruplex offers an excellent opportunity for investors, with two units currently occupied providing immediate rental income and two vacant units ready to be rented at current market rates.
Recent Renovations: Three of the four units have been recently remodeled and are in excellent condition, reducing immediate capital expenditure for the new owner.
Strategic Location: The property is ideally located near a main avenue, shopping centers, and local businesses that are actively hiring, suggesting strong rental demand and tenant appeal.
Additional Income Streams: The new owner has the option to install coin-operated washer and dryer machines in the existing laundry room, providing an additional revenue source.
First-Time Buyer Appeal: The multi-unit structure makes this property attractive for first-time buyers looking to 'house hack,' as rental income from other units can significantly offset mortgage payments.

Cons

Limited Shared Amenities: The property features only one washer and one dryer hookup for all four units, which may be inconvenient for tenants and could require investment to expand shared laundry facilities.
Recent Price Appreciation: The current list price of $549,500 is a substantial increase from its last sale of $450,000 in August 2023, potentially indicating a high entry cost or rapid market appreciation that warrants careful financial analysis.
Aging Infrastructure: Built in 1986, the property is nearly 40 years old. While some units are remodeled, the overall infrastructure (e.g., plumbing, electrical, roof) may require future capital expenditures if not already updated.
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