427 West Reeves Avenue

Closed 7/19/24
Closed 7/19/24
Gallery Image 1
Last Sold Price
$240,000
4 beds2,500 sqft$96/sqft
427 W Reeves Ave,Ā Ridgecrest, CAĀ 93555

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. Six properties are to be sold at the same time (ask your agent for details). Please do not walk property.
LISTING CLOSED: 07/19/2024 12:00 AM

Property Details for 427 West Reeves Avenue

Status
Closed
MLS #
SB24024701
Days on Market
33
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Residential Income
Year Built
1973
Lot Size
0.39 AC / 16,985 SF
County
Kern County
Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2500
Assessor Parcel Number
41904104003
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
2500
Building Area Units
Square Feet
Stories Total
1
Entry Level
1
Pool
No
Zoning
Assessor
Senior Community
No
Parcel Number
41904104003
Area
Ridgecrest (RCR)
Directions
W. Inyokern Rd (Hwy 178) to Norma St.

Recent comparable sales

Median sold price

$270,000

Avg days on market

78

Sale-to-list ratio

94.6%

Ridgecrest, CA

9 comparable properties found

a front view of a house with garden
1/35
1

$300,000

Sold 06/26/26

3
Bedrooms
3
Bathrooms
2,001
Square Feet
0.14
Acres

Undisclosed Address, Ridgecrest, CA 93555

$340,000 | Undisclosed Address, Ridgecrest, CA 93555
1/46
2

$340,000

Sold 01/06/25

5
Bedrooms
3
Bathrooms
2,434
Square Feet
0.27
Acres

Undisclosed Address, Ridgecrest, CA 93555

a front view of a house with a yard
1/29
3

$212,000

Sold 07/18/25

3
Bedrooms
2
Bathrooms
1,107
Square Feet
0.18
Acres

Undisclosed Address, Ridgecrest, CA 93555

an aerial view of a city
1/55
4

$210,000

Sold 12/05/24

3
Bedrooms
2
Bathrooms
1,591
Square Feet
0.34
Acres

Undisclosed Address, Ridgecrest, CA 93555

5

$200,000

Sold 09/18/24

4
Bedrooms
2
Bathrooms
2,177
Square Feet
0.26
Acres

1019 North Sierra View Street, Ridgecrest, CA 93555

a front view of a house with a yard
1/34
6

$270,000

Sold 09/17/25

3
Bedrooms
2
Bathrooms
1,516
Square Feet
0.2
Acres

Undisclosed Address, Ridgecrest, CA 93555

7

$235,000

Sold 01/22/25

4
Bedrooms
3
Bathrooms
2,073
Square Feet
0.23
Acres

905 North Inyo Street, Ridgecrest, CA 93555

a front view of a house with garden and plants
1/40
8

$300,000

Sold 01/28/26

4
Bedrooms
2,697
Square Feet
0.27
Acres

636 Mamie Street, Ridgecrest, CA 93555

$303,500 | 921 West Vicki Avenue, Ridgecrest, CA 93555
1/26
9

$303,500

Sold 10/18/24

4
Bedrooms
2,504
Square Feet
0.23
Acres

921 West Vicki Avenue, Ridgecrest, CA 93555

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Location

Listing Courtesy of 3 Leaf Realty Inc

Sold By NONMEMBER MRML

Add your commute

Building Information for 427 West Reeves Avenue

Stories1Residences-Year Built1973Building Size-Lot Size0.39 AC / 16,985 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$1,499 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,220

Property Taxes

$279

HOA Dues

$0

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Property Information for 427 West Reeves Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $36,000
  • Gross Scheduled Income: $36,000
  • Net Operating Income: $36,000
  • Financing: Cash
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,500
  • Trash Expense: $1,500
  • Water Sewer Expense: $4,800
  • Total Expenses: $9,800
Tax / Assessment Info
  • Tax Tract Number: 1252
  • Tax Census Tract: 54.05
  • CFD/Mello-Roos Fee: $2,001
  • Tax Lot: 4
Community / Development
Community / Development
  • 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: 4
  • 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: 4
  • Unit Type Beds Total: 4
  • 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: 3000
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 3

Property History for 427 West Reeves Avenue

DateEvent & SourcePriceAppreciation
Jul 19, 2024

Sold

SDMLS #SB24024701

$240,000ā€”
Jul 19, 2024

Sold

CLAW #SB24024701MR

$240,000ā€”
Jul 19, 2024

Sold

CRMLS #SB24024701

$240,000ā€”
DateEvent & SourcePrice
07/19/2024

Sold

SDMLS #SB24024701

$240,000
07/19/2024

Sold

CLAW #SB24024701MR

$240,000
07/19/2024

Sold

CRMLS #SB24024701

$240,000

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

Public Records for 427 West Reeves Avenue

Taxable ValueLand$9,967Additions$103,505Total$113,472
Tax Record2025$3,348 ($279 / month)
Home Facts
Baths1Total Finished SqFt2,500 SqFtAbove Grade Finished SqFt2,500 SqFtStories1Lot Size16,985 SqFtStyleDuplexYear Built1973Year Renovated1973CountyKERNAPN419-041-04-00-3

Schools near 427 West Reeves Avenue

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 427 West Reeves Avenue, Ridgecrest, CA 93555
$240,000
4
ā€“
2,500
16,985
417 West Reeves Avenue, Ridgecrest, CA 93555
$30,000
ā€“
2
1,122
6,836
421 West Reeves Avenue, Ridgecrest, CA 93555
$50,000
ā€“
2
840
6,836
413 West Reeves Avenue, Ridgecrest, CA 93555
$10,000
ā€“
ā€“
720
6,835
425 West Reeves Avenue, Ridgecrest, CA 93555
$40,000
ā€“
ā€“
1,248
7,001
405 West Reeves Avenue, Ridgecrest, CA 93555
$50,000
ā€“
ā€“
603
20,775

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

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 visitorā€™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.