2259 Inyo Street

Mojave, CA 93501

$400,000
Price
10
Beds
10
Baths
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 in the works). Each unit should rent for about $900 which show $9,000/month. At cap rate of 6% and 25% vacancy rate. This property can be worth about 1.3M. The estimated cost of renovation is between $300K-$400K. It has been a church, motel and apartment complex in the past. Potentially a group home. Mojave is 30 minutes from Palmdale and EAFB. Check out Aerotech News to see upcoming plans for Mojave! This...Investor's Special! This property is ready for you to turn it into 10 units (city plans are in the works). Each unit should rent for about $900 which show $9,000/month. At cap rate of 6% and 25% vacancy rate. This property can be worth about 1.3M. The estimated cost of renovation is between $300K-$400K. It has been a church, motel and apartment complex in the past. Potentially a group home. Mojave is 30 minutes from Palmdale and EAFB. Check out Aerotech News to see upcoming plans for Mojave! This opportunity is for the savvy investor.
  1. Listed by Desirea Mosman • DRE #02079622 • eXp Realty of California, Inc.
  2. Listed by Cathy Toso • DRE #01274295 • eXp Realty of California, Inc.

Property Details for 2259 Inyo Street

Area
17 - Kern Co/Mojave/Cal C
Zoning
multi-family
Cross Street
14 fwy / Inyo St

Location

Listing Courtesy of eXp Realty of California, Inc.
Add your commute
LISTING UPDATED: 04/25/2024 12:16 AM

Property Details for 2259 Inyo Street

StatusActive
MLS #24002418
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1929
Lot Size0.35 AC / 15,246 SF
CountyKern County

Location

Listing Courtesy of eXp Realty of California, Inc.
Add your commute

Building Information for 2259 Inyo Street

Stories-Residences-Year Built1929Building Size-Lot Size0.35 AC / 15,246 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

Summary
Location and General Information
  • Directions to Property: Take the 14 freeway north to Mojave. Right on Inyo St. Property is on the NE corner of K St. and Inyo St.
  • Absolute Longitude: 118
Property
Lot Information
  • SqFt Source: Assessor
Property and Assessments
  • Income Producing: Yes
  • APN: 236-212-10
  • Approx Age of Roof: 2
Utilities
  • Water - Individual: No Individual
  • Water - Primary: No Master
  • Water Heater - Individual: No Individual
  • Water Heater - Primary: No Master
  • Electric - Individual: No Individual
  • Electric - Primary: No Master
  • Gas - Individual: No Individual
  • Gas - Primary: No Master
Interior and Exterior Features
Exterior Features
  • Construction: Concrete, Frame, Stucco
  • Roof: Shingle
Interior Features
  • Cooling Type: None
  • Heating Types: None
Multi Family
Multi-Family Information
  • # of Units: 10
  • # 1 Bedroom Units: 5.00
  • # Studios: 5.00
  • Gross Rent Multi family (GRM): 900.00
Rental
Rental Information
  • Terms: Cash

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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Similar Sold Homes

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2259 Inyo Street is a multi-family home for sale in Mojave, CA 93501. This property was listed for sale on April 4, 2024 by eXp Realty of California, Inc., it's currently listed at $400,000. It has been on the market for a total of 27 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 10-bed, 10-bath, 4,501 sqft multi-family home 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.