
California City, CA 93505
This 4-unit residential income property represents a Strong Value Opportunity, listed at $579,999—positioned above the $533,731 Fair Market Value. While priced above the current estimate, the asset offers immediate cash flow with 100% occupancy and tenant-paid utilities, ensuring low overhead. Featuring a Fair Condition Rating with a 1967 build date, the property provides a stable, high-demand rental history in a central location. This is a proven, income-generating asset ideal for Buy-and-Hold Investors or Portfolio Builders seeking immediate, passive revenue streams.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8616 N Loop Blvd Subject 7 bd · 0 ba · 2,958 sqft · $180 | $579,999* List Price | 7 | 0 | 2,958 | $180 | - |
A 8924 N Loop Active 8 bd · 4 ba · 3,300 sqft · $144 · 0.5 mi | $475,000 List Price | 8 | 4 | 3,300 | $144 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1967, this 4-unit property is functional and fully occupied, but shows its age. The kitchens are dated with older cabinetry and appliances, though some units have received minor cosmetic updates like newer laminate flooring.
The property is 100% occupied with a proven rental history, providing immediate revenue and eliminating the need for initial lease-up efforts.
Tenants are responsible for power, trash, and water utilities, which significantly reduces landlord overhead and maximizes Net Operating Income (NOI).
Located in a high-walkability area near public transit and dining, the property benefits from consistent tenant demand and historically low vacancy rates.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 6.
With over 400 days on the market, the property may face perception issues regarding its valuation or potential underlying maintenance needs.
Originally constructed in 1967, the building may require more frequent maintenance or capital improvements to aging systems compared to modern developments.
Phenomenal Turnkey Investment Opportunity in the Heart of the City! Attention investors and portfolio builders: This fully occupied, high-performing 4-unit residential income property offers immediate cash flow from day one. Situated in a prime, high-demand location right in the center of town, this asset combines rock-solid rental history with effortless management. The Property Profile The property features a highly rentable unit mix designed to appeal to a wide range of long-term tenants: Two (2) Spacious 2-Bedroom, 1-Bathroom Units Two (2) Efficient 1-Bedroom, 1-Bathroom Units 4 Dedicated Carport Parking Spaces (one for each unit) Premium Investment Appeal & Strong Financials 100% Fully Occupied: Skip the headache of lease-ups and immediate vacancy costs. Every single unit is occupied by reliable tenants paying great market rents (see attached rent schedule for full breakdown). Ultimate Tenant-Paid Utilities: Maximize your net operating income (NOI)! Tenants are fully responsible for paying their own power, trash, and water, keeping landlord overhead remarkably low. Unbeatable Central Location: Positioned in a high-walkability pocket close to absolutely everything. Tenants enjoy seamless proximity to public transit, diverse dining options, stores, and local attractions. This central convenience guarantees historically low vacancy rates and consistent long-term demand. Whether you are looking to execute a 1031 exchange or expand your local real estate portfolio, this property is a proven money-maker that checks every single box for passive wealth building. Showing Instructions: Property is fully occupied. Do not disturb tenants. Strict appointment required for all showings. Contact listing agent to schedule.
No exterior & parking available.
No sensitive facilities data found.
Aug 11, 2025
$579,999
Initial Listing
Mar 15, 2023
$375,000
Public Record
Feb 10, 2020
$265,000
Public Record
Nov 3, 2017
$175,000
Public Record
May 27, 2004
$160,000
Public Record
Nov 11, 2003
$80,000
Public Record