
Ridgecrest, CA 93555
This is a total of 7 units, 6 mobile home spaces plus a bachelor unit. Investment opportunity for good growth and cash flow. Needs good management. Owner will consider carrying 1st TD with 30% down ! Possible potential to build units, based on zoning. Drive by only. Call listing agent for more details....listing agent is related to owner.
Property is land value only, full reconstruction required.
Property is over 60 years old (built 1960) with no record of renovations. The listing emphasizes land value and redevelopment potential ('potential to build units'), and the existing structures appear to be in unlivable condition, meeting the criteria for a tear-down.
The owner is willing to carry the first trust deed with a 30% down payment, providing a flexible and attractive financing option for investors in a restrictive lending environment.
The property offers significant upside through potential redevelopment or the addition of permanent units based on zoning, allowing for long-term value appreciation beyond current use.
With a low entry price of $139,950 for seven income-producing units, this asset presents a strong opportunity for high cash flow and a favorable capitalization rate.
The listing indicates the property requires 'good management,' suggesting existing operational challenges or tenant issues that will require immediate professional oversight.
The 'drive-by only' showing restriction prevents a comprehensive physical inspection of the bachelor unit and infrastructure prior to an offer, increasing the initial due diligence risk.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 400 | 2,284 |
| Lot Size | - | 6,178 |
| Price | $139.9K | $130.0K |
| Price per sq ft | $350 | $57 |
| Built year | 1960 | 1970 |
| HOA | $0 | $0 |
| Days on market | 52 | 65 |
Sep 2, 2026
$139,950
Initial Listing
Apr 29, 2021
$110,000
Public Record
Dec 22, 2011
$5,000
Public Record
May 25, 1999
$28,000
Public Record