2259 Inyo Street
2259 Inyo Street
$400,000
—
4,501
4,501
$89
Description
Investor's Special! This property is ready for you to turn it into 10 units (city plans are awaiting approval) Each unit should rent for about $900 which shows $9000/ Month. At cap rate of 6% and 25% vacancy rate this property can be worth about 1.3M. The cost to renovate the property would be about $300K-$400K (based on two rough estimates) It has been a church in the past, and has other uses - potentially a group home? It is located just 1/2 hour from Palmdale, Edwards Airforce Base and Bakersfield!...Investor's Special! This property is ready for you to turn it into 10 units (city plans are awaiting approval) Each unit should rent for about $900 which shows $9000/ Month. At cap rate of 6% and 25% vacancy rate this property can be worth about 1.3M. The cost to renovate the property would be about $300K-$400K (based on two rough estimates) It has been a church in the past, and has other uses - potentially a group home? It is located just 1/2 hour from Palmdale, Edwards Airforce Base and Bakersfield! Check out Aerotech News to see some upcoming plans for Mojave! This is a great opportunity to take advantage of some great things to come! This is for a savvy investor.
- Listed by Catherine Toso • DRE #01274295 • Brokerage DRE #01878277 • eXp Realty of California Inc • 818-679-3696
Property Details for 2259 Inyo Street
Lot Size Source
Assessor
Building Area Total4501
Building Area UnitsSquare Feet
Stories Total1
Entry Level1
ZoningC-2 PD H F
Parcel Number23621210003
AreaMojave (MOJV)
Location
LISTING UPDATED: 04/29/2024 06:41 AM
Property Details for 2259 Inyo Street
Status | Active |
---|---|
MLS # | SR24043616 |
Days on Market | 63 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale / Mixed Use |
Year Built | 1929 |
Lot Size | 0.35 AC / 15,114 SF |
County | Kern County |
Location
Building Information for 2259 Inyo Street
Stories1Residences-Year Built1929Lot Size0.35 AC / 15,114 SF
Payment Calculator
$2,461 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2259 Inyo Street
Property History for 2259 Inyo Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2259 Inyo Street
Taxable ValueLand$46,920Additions$228,480Total$275,400
Tax Record2023$3,337 ($278 / month)
Home Facts
Total Finished SqFt4,501 SqFtAbove Grade Finished SqFt4,501 SqFtStories1Lot Size15,245 SqFtStyleHotel / MotelYear Built1929Year Renovated1930ZoningC-2 PD H FCountyKERNAPN236-212-10-00-3
Schools near 2259 Inyo Street
This home is within Mojave Unified.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 12 | |||
Public - | 3 to 5 |
Rating | School | Distance |
---|---|---|
Mojave Elementary School PublicK to 5 | ||
Mojave Jr./Sr. High Public6 to 12 | ||
Hacienda Elementary School Public3 to 5 |
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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