
Mojave, CA 93501
Analysis of 16039 L Street, Mojave, CA 93501 is currently available with a list price of $650,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Mojave 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 new construction or fully renovated.
While originally built in 1944, the property has undergone significant recent renovations including a full interior remodel in 2025. Photos show modern kitchens with shaker cabinets, stone countertops, and stainless steel appliances, along with new LVP flooring and updated mini-split HVAC systems.
The property features eight units with minimal shared walls, offering tenants enhanced privacy and a single-family feel that increases rental desirability and long-term retention.
Situated near the Mojave Air & Space Port and Highway 14, the property is ideally positioned to capture demand from a growing local employment hub and regional commuters.
With only two units currently leased and several recent renovations completed, there is a clear path to increase cash flow by stabilizing the remaining units at current market rates.
Built in 1944, the property may require significant ongoing capital expenditures for vintage systems, including plumbing and electrical, which are common in older multi-family assets.
With 75% of the units currently vacant, the buyer faces immediate pressure to fund operating costs and execute a rapid leasing strategy to achieve a positive break-even point.
Investment Opportunity in Mojave, CA Exceptional opportunity to own an 8-unit residential income property in the growing community of Mojave, California, offered at $650,000. Conveniently located near the Mojave Air & Space Port, Highway 14, and public transportation, this property offers strong upside potential for both investors and owner-operators. This unique multi-unit property features a desirable layout where most units do not share common walls, providing added privacy and a more desirable living experience for tenants. Two units are currently leased with excellent tenants already in place, creating immediate income while still leaving significant opportunity for future rental growth and value-add improvements. Property Highlights: 8 residential units with strong rental potential Convenient access to the 14 Freeway and public transportation Close proximity to Mojave Air & Space Port and local employers Many units offer private-style living with minimal shared walls Excellent opportunity for investors seeking long-term upside Notable Unit Features: 16039 L St - Spacious 2-bedroom unit featuring laundry hookups inside, a newer roof, and an updated kitchen and bathroom. 16049 L St Unit C - Fully renovated interior completed in 2025, including a newly remodeled kitchen and bathroom, plus in-unit laundry hookups. 16037 L St - Includes convenient in-unit laundry hookups. With strong future potential, flexible unit layouts, and continued growth in the Mojave area, this property presents an outstanding opportunity to add value and increase cash flow over time. Perfect for investors looking to capitalize on the expanding High Desert rental market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,863 | 2,459.5 | 50% |
| Lot Size | 15,246 | 11,376 | 50% |
| Price | $650.0K | $474.5K | 50% |
| Price per sq ft | $168 | $226 | 50% |
| Built year | 1944 | 1953 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 88 | 50% |
May 18, 2026
$650,000
Initial Listing
Mar 24, 2023
$575,000
Public Record
Apr 7, 2017
$150,000
Public Record
May 30, 2008
$425,000
Public Record
Dec 17, 2004
$135,000
Public Record