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30698284
30698303

8616 N Loop Boulevard, California City, CA 93505 For Sale

$584,999
341 days on market
Updated 8 days ago

8616 N Loop Boulevard

Details
APN 21304215002
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,958
Net Rentable (SqFt) 5,200
Units 4
Cap Rate 0.89%
NOI $5,200
Occupancy 100%
Pro-Forma Cap Rate 0.89%
Pro-Forma NOI $5,200
Price per SqFt $198
Year Built 1960
Buildings 1
Stories 2
Acreage 0.230
Zoning Assessor
Parking Spaces 6 spaces
Parking per 1,000 SqFt 2.03

Multifamily | 4 Units

Marketing description

Phenomenal Turnkey Investment Opportunity in the Heart of the City! Attention investors and portfolio builders: This fully occupied, high-performing 4-unit residential income property offers immediate cash flow from day one. Situated in a prime, high-demand location right in the center of town, this asset combines rock-solid rental history with effortless management. The Property Profile The property features a highly rentable unit mix designed to appeal to a wide range of long-term tenants: Two (2) Spacious 2-Bedroom, 1-Bathroom Units Two (2) Efficient 1-Bedroom, 1-Bathroom Units 4 Dedicated Carport Parking Spaces (one for each unit) Premium Investment Appeal & Strong Financials 100% Fully Occupied: Skip the headache of lease-ups and immediate vacancy costs. Every single unit is occupied by reliable tenants paying great market rents (see attached rent schedule for full breakdown). Ultimate Tenant-Paid Utilities: Maximize your net operating income (NOI)! Tenants are fully responsible for paying their own power, trash, and water, keeping landlord overhead remarkably low. Unbeatable Central Location: Positioned in a high-walkability pocket close to absolutely everything. Tenants enjoy seamless proximity to public transit, diverse dining options, stores, and local attractions. This central convenience guarantees historically low vacancy rates and consistent long-term demand. Whether you are looking to execute a 1031 exchange or expand your local real estate portfolio, this property is a proven money-maker that checks every single box for passive wealth building. Showing Instru

Investment highlights

All units occupied!

total rents $5200/mo

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$5,200.00
$433.33/mo

Valuation Metrics

0
DSCR
0.89%
Cap Rate
0.89%
ROI

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