339 W Church Ave, Ridgecrest, CA 93555, Ridgecrest, 93555 - 1 bed, 2 bath

339 W Church Ave, Ridgecrest, CA 93555 home-pic-0

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
De-risked Conversion & Zoning: The property is zoned R-4 multifamily, and the City has confirmed that motel-to-residential conversion is a permitted use, providing a clear and de-risked path for investors.
Top Cons:
Requires Significant Renovation: Converting existing motel units into residential micro-studios with kitchenettes, even with a 'low-cost refresh' strategy, will require substantial capital expenditure and project management.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Condition: This property, currently operating as an older motel, is explicitly described as a 'value-add investment opportunity' requiring 'significant renovation' to be repositioned into modern micro-studios. While four units are noted as having full kitchens and being 'rent-ready,' the majority of units would require the addition of kitchenettes and general updates to meet residential standards. Exterior images show an aged property with visible window AC units, indicating outdated cooling systems. The overall condition suggests substantial repairs and rehabilitation are needed to make the property suitable and comfortable for modern residential living, aligning with the 'poor' condition criteria.
Year Built
Close
-
List price
$799K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
250039733
Home ConditionPoor
Features
Good View:
View-

About this home

SELLER FINANCING AVAILABLE!! 331-339 W Church Ave is a unique value-add investment opportunity located just minutes from NAWS China Lake. Currently operated as a motel, the property offers ±250 sq ft units that can be repositioned into modern micro-studios, each with a private bathroom, closet, kitchenette, and bed. This low-cost refresh strategy aligns with strong demand for efficient, affordable housing and positions the asset as a sustainable multifamily community. The property appeals to multiple tenant bases, including contractors and temporary workers at NAWS China Lake, younger renters seeking affordable independence, and seniors on fixed incomes. With kitchenettes added, units are capable of achieving significantly higher rents than non-kitchen layouts, while flexible leasing options (extended stay or annual) broaden tenant demand. Four units already feature full kitchens and require no upgrades, providing immediate rent-ready functionality. Additional upside potential exists through possible garage conversions. The property is zoned R-4 multifamily, and the City has confirmed that motel-to-residential conversion is a permitted use. This zoning support provides investors with a clear, de-risked path to execute the business plan and unlock long-term value.

J
Jason Lee
Listing Agent

Price History

Date
Event
Price
10/22/19
Sold
$325,000
Condition Rating
Poor

This property, currently operating as an older motel, is explicitly described as a 'value-add investment opportunity' requiring 'significant renovation' to be repositioned into modern micro-studios. While four units are noted as having full kitchens and being 'rent-ready,' the majority of units would require the addition of kitchenettes and general updates to meet residential standards. Exterior images show an aged property with visible window AC units, indicating outdated cooling systems. The overall condition suggests substantial repairs and rehabilitation are needed to make the property suitable and comfortable for modern residential living, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Cons

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