
California City, CA 93505
This Residential Income Quadruplex is a Strong Value Opportunity, listed at $584,999—positioned above the $542,609 Fair Market Value. While priced at a premium, the property offers immediate stability as a fully occupied asset with tenant-paid utilities, ensuring low overhead. Featuring a Fair Condition Rating, the units provide consistent rental demand in a central location. This asset is a proven money-maker for Buy-and-Hold Investors or Portfolio Builders seeking a turnkey, high-performing income stream with minimal management requirements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8616 N Loop Boulevard Subject | $584,999* List Price | 0 | 0 | 2,958 | $183 | - |
A 8924 N Loop Active | $495,000 List Price | 8 | 4 | 3,300 | $150 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1967, this quadruplex is well-maintained and functional but remains largely dated. While some units feature newer wood-look laminate flooring and fresh paint, the kitchens retain older cabinetry, laminate countertops, and basic electric coil stoves. The presence of popcorn ceilings and older wall-mounted heating units reflects the property's age, placing it in the fair category as it is move-in ready for tenants but lacks modern renovations.
Tenants are responsible for all power, trash, and water expenses, significantly reducing the owner's operating costs and protecting the net operating income from utility fluctuations.
Situated in the heart of town with close proximity to transit, dining, and shopping, the property is ideally positioned to maintain high occupancy rates and attract long-term tenants.
As a fully occupied quadruplex with established rental income, this property offers a turnkey investment opportunity with revenue generation starting from day one of ownership.
Built in 1967, the property may require more frequent maintenance or capital improvements to its older systems and structural components compared to modern builds.
With only four carport spaces available for four units, the property lacks additional on-site parking for multi-vehicle households or guest use.
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.
Jul 10, 2026
$584,999
$5,899,900
-90% Price Drop
Initial Listing
Jul 8, 2026
$5,899,900
$5,899,980
+0% Price Increase
Initial Listing
Jul 1, 2026
$5,899,980
$5,899,985
+0% Price Increase
Initial Listing
Jun 27, 2026
$5,899,985
$5,899,987
+0% Price Increase
Initial Listing
May 30, 2026
$5,899,987
$589,998
+900% Price Increase
Initial Listing
May 27, 2026
$589,998
$589,999
+0% Price Increase
Initial Listing
Apr 26, 2026
$589,999
$594,999
-1% Price Drop
Initial Listing
Apr 8, 2026
$594,999
$599,900
-1% Price Drop
Initial Listing
Mar 4, 2026
$599,900
$599,989
+0% Price Increase
Initial Listing
Aug 11, 2025
$599,989
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