2259 Inyo Street

Mojave, CA 93501

$400,000
Price
—
Beds
4,501 Sq. Ft.
$89 / Sq. Ft.
4,501
Sq. Ft.
$89
per Sq. Ft.

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.
  1. 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 Total
4501
Building Area Units
Square Feet
Stories Total
1
Entry Level
1
Zoning
C-2 PD H F
Parcel Number
23621210003
Area
Mojave (MOJV)

Location

Listing Courtesy of eXp Realty of California Inc
Add your commute
LISTING UPDATED: 04/29/2024 06:41 AM

Property Details for 2259 Inyo Street

StatusActive
MLS #SR24043616
Days on Market63
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1929
Lot Size0.35 AC / 15,114 SF
CountyKern County

Location

Listing Courtesy of eXp Realty of California Inc
Add your commute

Building Information for 2259 Inyo Street

Stories1Residences-Year Built1929Lot Size0.35 AC / 15,114 SF

Payment Calculator

$2,461 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,183

Property Taxes

$278

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2259 Inyo Street

Income / Expense / Tax Details
Income Details
  • Current Financing: None
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Cooling: None
  • Heating: None
Exterior Features
  • Construction Materials: Stucco
  • Roof: Composition, Shingle
  • Fence: No
  • Fencing: None
Land/Lot Info
  • Lot Features: Lot 10000-19999 Sqft
  • Land Use: Multi-Family, Other
  • Utilities: Electricity Available
  • Water Source: Public
Property / Structure Info
  • Building Status: Under Construction
  • Building Features: Living Quarters
Unit Information
Unit Information
  • Number Of Units Leased: 0
  • Number Of Buildings: 1

Property History for 2259 Inyo Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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2259 Inyo Street is a mixed use property for sale in Mojave, CA 93501. This property was listed for sale on March 3, 2024 by eXp Realty of California Inc, it's currently listed at $400,000. It has been on the market for a total of 63 days and was last sold on December 21, 2021. This listing's school district is Mojave Unified. Nearby schools include Mojave Elementary School, Mojave Jr./Sr. High and Hacienda Elementary School. 2259 Inyo Street is a 0-bed, 0-bath, 4,501 sqft mixed use property built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California 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.