1324 North Norma Street

Closed 7/19/24

Sold

Last Sold Price

$1,018,000

10 beds12,500 sqft

1324 N Norma St, Ridgecrest, CA 93555

Multi FamilyProperty Type

1.10 acresLot Size

1972Year Built

$81/sq ftPrice per sq ft

19 carsParking Spaces

Description

This property is sold with adjacent properties, and combined, offer a tremendous investment opportunity. The lot size is approximately 65,000sf, and living space approximately 15,000+sf, and a total of 23 doors, opportunity awaits in Ridgecrest. This listing comprises of one single family home, two triplexes, and eight duplexes, with plenty of onsite parking. Conveniently some of the units are vacant allowing you to make updates and maximize the rent potential. Note that many units are under-rented,...This property is sold with adjacent properties, and combined, offer a tremendous investment opportunity. The lot size is approximately 65,000sf, and living space approximately 15,000+sf, and a total of 23 doors, opportunity awaits in Ridgecrest. This listing comprises of one single family home, two triplexes, and eight duplexes, with plenty of onsite parking. Conveniently some of the units are vacant allowing you to make updates and maximize the rent potential. Note that many units are under-rented, or vacant. The single family home has 3 bedrooms and 2 bathrooms, and is 1,498sf on a 6,028sf lot. Live in this home and have your 22 door investment near at hand! All the other units are 1 bedroom/1 bathroom and approx. 600 sf. Located near China Lake Naval Air Station and close to shopping, these properties, at capacity, offer excellent cash flow for years to come. The property is lower maintenance and nicely located. Note this is a probate sale, subject to court confirmation and overbid. Six properties are to be sold at the same time (ask your agent for details). Please do not walk property.

Listed by: Jeremiah Carew DRE #01374136 Brokerage DRE #01856734 • 3 Leaf Realty Inc 310-714-1416

Listing closed: 07/19/2024 12:00 AM • Source: CRMLS, MLS#: SB24024605

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Avg days on market

Sale-to-list ratio

123.2%

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an aerial view of residential houses with outdoor space

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Location

Listing Courtesy of 3 Leaf Realty Inc

Sold By NONMEMBER MRML

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$5,720 per month

30 year fixed, 6.71% Interest

Principal and Interest

$5,261

Property Taxes

$459

HOA Dues

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Property Information for 1324 North Norma Street

Property Details

MLS Type: Residential Income
County: Kern County
Parking Spaces Total: 19
Private Pool: No
Total Units: 19.0
Building Type: Attached
Lot Size Source: Estimated
Living Area: 12500
Assessor Parcel Number: 41904101004
Property Attached YN: true
Common Walls: 1 Common Wall
New Construction: No
Average Studio Area Units: Square Feet
Average 1 Bed Area Units: Square Feet
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Building Area Total: 12500
Building Area Units: Square Feet
Stories Total: 1
Entry Level: 1
Pool: No
Zoning: Assessor
Senior Community: No
Parcel Number: 41904101004
Area: Ridgecrest (RCR)
Directions: W. Inyokern Rd (Hwy 178) to Norma St.

Building Information

Stories: 1
Year Built: 1972
Lot Size: 1.10 AC / 48,000 SF

Income / Expense / Tax Details

Income Details

Gross Income: $58,100
Gross Scheduled Income: $68,160

Net Operating Income: $58,100
Financing: Cash

Expense Details

Operating Expense: $10,000
Fuel Expense: $0

Electric Expense: $0
Insurance Expense: $3,500
Professional Management Expense: $0
Trash Expense: $1,500
Water Sewer Expense: $5,000
Total Expenses: $10,000

Tax / Assessment Info

Tax Tract Number: 1252
Tax Census Tract: 54.05

CFD/Mello-Roos Fee: $2,990
Tax Lot: 1

Community / Development

Assessments YN: Yes
Assessments: Unknown

Community Features: Sidewalks

Property / Structure Info

Interior Features

Laundry: Yes
Laundry Features: Community

Exterior Features

Entry Location: 1
Pool Features: None

Pool Description: None
Pool: N/K
Pool Heat: N/K

Land/Lot Info

Lot Features: Yard
Number Of Units: 19

Land Lease: No
Land Lease Type: Fee
Levels: One
Water: Public
Sewer: Public Sewer
Water Source: Public

Parking Info

Garage Spaces: 0
Parking Garage Spaces: 0

Carport Spaces: 0

Property / Structure Info

Residential Styles: Res Income 2-4 Units

Unit Information

Unit 1

Unit Type Units Total: 1
Unit Type Beds Total: 1

Unit Type Baths Total: 0
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $425
Unit Type Total Rent: $425
Unit Type Pro Forma: 750
Unit Type Type: 1

Unit 2

Unit Type Units Total: 1
Unit Type Beds Total: 1

Unit Type Baths Total: 0
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $750
Unit Type Total Rent: $750
Unit Type Pro Forma: 750
Unit Type Type: 10

Unit 3

Unit Type Units Total: 1
Unit Type Beds Total: 1

Unit Type Baths Total: 0
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $525
Unit Type Total Rent: $525
Unit Type Pro Forma: 750
Unit Type Type: 2

Unit 4

Unit Type Units Total: 1
Unit Type Beds Total: 1

Unit Type Baths Total: 0
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $650
Unit Type Total Rent: $650
Unit Type Pro Forma: 750
Unit Type Type: 3

Unit 5

Unit Type Units Total: 9
Unit Type Beds Total: 1

Unit Type Baths Total: 0
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $0
Unit Type Total Rent: $0
Unit Type Pro Forma: 6750
Unit Type Type: 4

Unit 6

Unit Type Units Total: 1
Unit Type Beds Total: 1

Unit Type Baths Total: 0
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $500
Unit Type Total Rent: $500
Unit Type Pro Forma: 750
Unit Type Type: 5

Unit 7

Unit Type Units Total: 1
Unit Type Beds Total: 1

Unit Type Baths Total: 0
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $700
Unit Type Total Rent: $700
Unit Type Pro Forma: 750
Unit Type Type: 6

Unit 8

Unit Type Units Total: 2
Unit Type Beds Total: 1

Unit Type Baths Total: 0
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $600
Unit Type Total Rent: $1,200
Unit Type Pro Forma: 1500
Unit Type Type: 7

Unit 9

Unit Type Units Total: 1
Unit Type Beds Total: 1

Unit Type Baths Total: 0
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $480
Unit Type Total Rent: $480
Unit Type Pro Forma: 750
Unit Type Type: 8

Unit 10

Unit Type Units Total: 1
Unit Type Beds Total: 1

Unit Type Baths Total: 0
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $450
Unit Type Total Rent: $450
Unit Type Pro Forma: 750
Unit Type Type: 9

Unit Information

Rent Controlled: No
Number Of Buildings: 9

Number Of Separate Electric Meters: 19
Number Of Separate Gas Meters: 19
Number Of Separate Water Meters: 3

Property History for 1324 North Norma Street

Date	Event & Source	Price	Appreciation
Jul 19, 2024	Sold SDMLS #SB24024605	$1,018,000	—
Jul 19, 2024	Sold CRMLS #SB24024605	$1,018,000	—
Jul 19, 2024	Sold Southern Sierra MLS #2605956	$1,018,000	—
Jul 19, 2024	Sold CLAW #SB24024605MR	$1,018,000	—
Mar 8, 2024	Pending Southern Sierra MLS #2605956		—
Mar 7, 2024	Pending CRMLS #SB24024605		—
Mar 6, 2024	Pending CLAW #SB24024605MR		—
Mar 6, 2024	Pending SDMLS #SB24024605		—
Feb 3, 2024	Listed (Active) Southern Sierra MLS #2605956	$1,010,000	—
Feb 2, 2024	Listed (Active) CRMLS #SB24024605	$1,010,000	—
Feb 2, 2024	Listed (Active) SDMLS #SB24024605	$1,010,000	—
Feb 2, 2024	Listed (Active) CLAW #SB24024605MR	$1,010,000	—

Date	Event & Source	Price
07/19/2024	Sold SDMLS #SB24024605	$1,018,000
07/19/2024	Sold CRMLS #SB24024605	$1,018,000
07/19/2024	Sold Southern Sierra MLS #2605956	$1,018,000
07/19/2024	Sold CLAW #SB24024605MR	$1,018,000
03/08/2024	Pending Southern Sierra MLS #2605956	—
03/07/2024	Pending CRMLS #SB24024605	—
03/06/2024	Pending CLAW #SB24024605MR	—
03/06/2024	Pending SDMLS #SB24024605	—
02/03/2024	Listed (Active) Southern Sierra MLS #2605956	$1,010,000
02/02/2024	Listed (Active) CRMLS #SB24024605	$1,010,000
02/02/2024	Listed (Active) SDMLS #SB24024605	$1,010,000
02/02/2024	Listed (Active) CLAW #SB24024605MR	$1,010,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1324 North Norma Street

Taxable ValueLand$33,150Additions$183,600Total$216,750

Tax Record2025$5,509 ($459 / month)

Home Facts

Baths1Total Finished SqFt2,500 SqFtAbove Grade Finished SqFt2,500 SqFtStories1Lot Size12,228 SqFtStyleDuplexYear Built1972Year Renovated1972ZoningR-2CountyKERNAPN419-041-01-00-4

Schools near 1324 North Norma Street

This home is within Sierra Sands Unified School District.


Rating	School	Type	Grades	Distance
6/10	Richmond Elementary School	Public - Serves this home	K to 5	2.2 mi
2/10	Murray Middle School	Public - Serves this home	6 to 8	1.7 mi
7/10	Burroughs High School	Public - Serves this home	9 to 12	1.3 mi
2/10	Mesquite Continuation High School	Public - Choice school	9 to 12	0.6 mi
NR	High Desert School	Public - Nearby school	7 to 12	0.7 mi
NR	Vieweg STEM Academy	Public - Nearby school	K to 8	0.9 mi
NR	Immanuel Christian	Private - Nearby school	K to 11	0.4 mi
NR	Heritage Montessori School	Private - Nearby school	PK to 5	0.6 mi
NR	Adventist Christian School	Private - Nearby school	1 to 8	1.1 mi


Rating	School	Distance
6/10	Richmond Elementary School PublicK to 5 Serves this home	2.2 mi
2/10	Murray Middle School Public6 to 8 Serves this home	1.7 mi
7/10	Burroughs High School Public9 to 12 Serves this home	1.3 mi
2/10	Mesquite Continuation High School Public9 to 12 Choice school	0.6 mi
NR	High Desert School Public7 to 12 Nearby school	0.7 mi
NR	Vieweg STEM Academy PublicK to 8 Nearby school	0.9 mi
NR	Immanuel Christian PrivateK to 11 Nearby school	0.4 mi
NR	Heritage Montessori School PrivatePK to 5 Nearby school	0.6 mi
NR	Adventist Christian School Private1 to 8 Nearby school	1.1 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 1324 North Norma Street, Ridgecrest, CA 93555	$1,018,000	10	–	12,500	48,000
439 West Reeves Avenue, Ridgecrest, CA 93555	$120,000	2	1	984	7,405
435 West Reeves Avenue, Ridgecrest, CA 93555	–	3	2	1,498	6,028
431 West Reeves Avenue, Ridgecrest, CA 93555	–	–	1	1,875	6,697
440 West Moyer Avenue, Ridgecrest, CA 93555	–	–	2	2,500	11,477
426 West Moyer Avenue, Ridgecrest, CA 93555	–	–	1	3,125	11,580
1355 North Norma Street, Ridgecrest, CA 93555	–	–	–	–	–
425 West Reeves Avenue, Ridgecrest, CA 93555	$40,000	–	–	1,248	7,001
1400 North Norma Street, Ridgecrest, CA 93555	–	–	–	37,932	131,116
428 West Moyer Avenue, Ridgecrest, CA 93555	–	2	1	816	13,714
421 West Reeves Avenue, Ridgecrest, CA 93555	$50,000	–	2	840	6,836
437 West Moyer Avenue, Ridgecrest, CA 93555	–	–	–	–	6,676
427 West Reeves Avenue, Ridgecrest, CA 93555	$240,000	4	–	2,500	16,985
1314 North Norma Street, Ridgecrest, CA 93555	$645,000	–	–	4,004	13,068
429 West Moyer Avenue, Ridgecrest, CA 93555	–	–	2	1,344	6,676

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Listing Courtesy of 3 Leaf Realty Inc

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Ridgecrest, CA

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