1324 N Norma St

Ridgecrest, CA 93555

$1,018,000
Last Sold Price
10
Beds
—
Baths
12,500 Sq. Ft.
$81 / Sq. Ft.
12,500
Sq. Ft.
$81
per Sq. Ft.
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Closed 7/19/24
Closed 7/19/24
a view of a house with patio

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

Property Details for 1324 North Norma Street

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
LISTING CLOSED: 07/19/2024 12:00 AM

Property Details for 1324 North Norma Street

StatusClosed
MLS #SB24024605
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1972
Lot Size1.10 AC / 48,000 SF
CountyKern County
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Location

Listing Courtesy of 3 Leaf Realty Inc

Sold By NONMEMBER MRML

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Building Information for 1324 North Norma Street

Stories1Residences-Year Built1972Building Size-Lot Size1.10 AC / 48,000 SF

Payment Calculator

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$5,633 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,174

Property Taxes

$459

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1324 North Norma Street

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
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

DateEvent & SourcePriceAppreciation
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—
DateEvent & SourcePrice
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

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$32,500Additions$180,000Total$212,500
Tax Record2025$5,509 ($459 / month)
Home Facts
Total Finished SqFt2,500 SqFtAbove Grade Finished SqFt2,500 SqFtStories1Lot Size12,196 SqFtStyleQuadraplexYear Built1972ZoningR-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
Richmond Elementary School
Public - K to 5
Murray Middle School
Public - 6 to 8
Burroughs High School
Public - 9 to 12
Mesquite Continuation High School
Public - 9 to 12
Rating
School
Distance
Richmond Elementary School
PublicK to 5

Murray Middle School
Public6 to 8

Burroughs High School
Public9 to 12

Mesquite Continuation High School
Public9 to 12

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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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.