8616 N Loop Boulevard, California City, CA 93505, California City, 93505 - bed, bath
ACTIVE$599,989/sqft
8616 N Loop Boulevard, California City, CA 93505
0Bed
0Bath
Sqft
10,019Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Property: This quadruplex offers four distinct units, providing multiple income streams and strong investment potential for a diversified portfolio.
Top Cons:
Property Age: Built in 1967, the property is over 50 years old, which may indicate a need for updates to major systems (plumbing, electrical, HVAC) and potential for higher maintenance costs.
Compared to the nearby listings
Price:$600.0K vs avg $637.5K ($-37,505.5)50%
Size: sqft vs avg 3,044.5 sqft50%
Price/sqft:$0 vs avg $5550%
More Insights
Built in 1967 (59 years old).
Condition: Built in 1967, this property is over 50 years old. While some units feature newer LVP flooring, the kitchens and bathrooms are significantly outdated with original or very old cabinets, laminate countertops, and dated fixtures. The listing explicitly states 'No appliances included,' which is a major deficiency requiring substantial investment. The overall condition indicates a need for significant rehabilitation and modernization to meet current standards and tenant expectations.
Year Built
1967
Close
-
List price
$600K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
DW25181414
Home ConditionPoor
Features
View-
About this home
4 units Right in the center of town! Close to all services. 3 units are ready to ask what you wish! No appliances included. Must make an appointment to see it. Close proximity to transit, dining, shopping, and other local attractions. Tenants pay for all power, trash, and water. 4 parking spaces in the carport. Must make an appointment to see it.
R
Robin Calderon
Listing Agent
Price History
Date
Event
Price
03/15/23
Sold
$375,000
02/10/20
Sold
$265,000
11/03/17
Sold
$175,000
05/27/04
Sold
$160,000
11/11/03
Sold
$80,000
Condition Rating
Poor
Built in 1967, this property is over 50 years old. While some units feature newer LVP flooring, the kitchens and bathrooms are significantly outdated with original or very old cabinets, laminate countertops, and dated fixtures. The listing explicitly states 'No appliances included,' which is a major deficiency requiring substantial investment. The overall condition indicates a need for significant rehabilitation and modernization to meet current standards and tenant expectations.
Pros & Cons
Pros
Multi-Unit Income Property: This quadruplex offers four distinct units, providing multiple income streams and strong investment potential for a diversified portfolio.
Prime Central Location: Situated in the center of town, the property boasts close proximity to all services, transit, dining, shopping, and local attractions, enhancing tenant appeal and demand.
Reduced Landlord Expenses: Tenants are responsible for all power, trash, and water utilities, significantly lowering the landlord's operating costs and increasing net income.
Rent Upside Potential: With '3 units ready to ask what you wish,' there's a clear opportunity to set market-rate rents or increase existing rents, maximizing the property's income generation.
Dedicated Parking: The property includes 4 parking spaces in a carport, a valuable amenity that adds convenience and desirability for tenants.
Cons
Property Age: Built in 1967, the property is over 50 years old, which may indicate a need for updates to major systems (plumbing, electrical, HVAC) and potential for higher maintenance costs.
No Appliances Included: The absence of appliances in the units means a significant upfront investment will be required for the landlord to furnish each unit, adding to initial capital expenditure.
Potential for Vacancy/Turnover: The statement '3 units are ready to ask what you wish!' suggests these units may be vacant or require tenant turnover, potentially leading to lost rental income during transition periods and additional renovation costs.