8318 Dogbane Avenue, California City, CA 93505

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Property Description

Reduced Price! Motivated Seller! Discover the perfect investment opportunity at 8318 Dogbane Ave., California City, California. Nestled in a prime location, this property boasts six split-level 2 bedrooms and 1 bath units. With approximately 5280 sq. feet of living space, there's ample room for tenants to enjoy. Several units have been recently remodeled. Currently 3 units are vacant, one of which is remodeled/ move-in ready, and two that the buyer can update to their liking. Whether you're looking to expand your rental portfolio or start anew, this property promises great potential and value-add. Situated approximately 20 miles from Edwards Air Force Base, 35 miles from the city of Lancaster, 65 miles from Bakersfield and 125 miles to Los Angeles. Fully rented at market, the property has a pro forma income of $78,612 with a GRM of 8.76 and a cap rate of 7.8%. Can be purchased together with another six unit property at 6611 California City Blvd., California City.


Interior Features

Interior Information
Cooling Type Central Air

Listing Information

Address 8318 Dogbane Avenue
City California City
State CA
Zip 93505
County Kern
Listing Agent Will Tiao DRE #01918965
Co-Listing Agent Bryan Danna DRE #02149282
Courtesy Of The Collective Realty
List Price $689,000
Status Active
Type Residential Income
Structure Size 5,280
Lot Size 7,841
Year Built 1989

Listing information courtesy of: Will Tiao, Bryan Danna, The Collective Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 5:41 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.