8531 Columbine Avenue, California City, CA 93505, California City, 93505 - 8 bed, 0 bath
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California City, CA 93505
This Residential Income Asset represents a High-Potential Investment Opportunity with a List Price of $777,000—positioned well below the $787,267 Fair Market Value by 1%. This valuation gap offers $10,267 in Instant Equity. Built in 2007, the property maintains a Condition Rating of 3, featuring four fully-occupied units with Granite Kitchens and In-unit Laundry. With immediate cash flow and modern construction, this is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8531 Columbine Avenue Subject | $769,000* List Price | 8 | 0 | 4,000 | $192 | - |
A 8616 N Loop Boulevard Active | $584,999 List Price | 0 | 0 | 2,958 | $198 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, this property is well-maintained and move-in ready. The interior features consistent tile flooring, granite countertops in the kitchen, and functional appliances including in-unit laundry. While the oak cabinetry and white appliances are original to the build and slightly dated in style, they appear to be in good condition with minimal wear, fitting the criteria for a well-maintained property between 10 and 20 years old.
The property is fully occupied with all four units currently rented, providing an immediate and positive cash flow for investors from day one.
Built in 2007, this multi-family asset is relatively modern, likely requiring less immediate capital expenditure for major systems compared to older apartment stock in the region.
Each unit comes fully equipped with all appliances, including refrigerators and in-unit washers and dryers, which significantly increases tenant appeal and retention.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4000, other record living area = 3520.
Located in California City, the property is in a remote desert area with a limited economic base, which may impact long-term appreciation and vacancy stability.
The current list price of $777,000 represents a significant jump from the 2021 sale price of $500,000, potentially resulting in a lower capitalization rate for the new owner.
This is an exceptional investment opportunity for an investor to add to their portfolio, or a new investor to start their portfolio. There are (4) 2 Bedroom, 2 bath units with all appliances including refrigerators and washer/dryers. All units are rented with an excellent positive cash flow.
No exterior & parking available.
No sensitive facilities data found.
Jun 24, 2026
$769,000
$777,000
-1% Price Drop
Initial Listing
Apr 1, 2026
$777,000
Initial Listing
Apr 9, 2021
$500,000
Public Record