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$240,000
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Property 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, 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.
Full Property Details
Full Property Details for 427 W Reeves Ave
General
- Sold For: $240,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SB24024701
- Added to Site: 779 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Location
- Area: RCR - Ridgecrest
- County: Kern
- Development Name: RCR - Ridgecrest
- Driving Directions: W. Inyokern Rd (Hwy 178) to Norma St.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 3
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,500
- Year Built: 1973
Lot Features
- Lot Size (Acres): 0.3899
- Lot Size Source: Assessor
- Lot Description: Yard
Financial Considerations
- Price Per Sq. Ft.: $96
- Price Per Unit: 60000
Listed by 3 Leaf Realty Inc, Jeremiah Carew
Sold by Dosen Real Estate Inc., Christine Dosen
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Schools
Schools serving 427 W Reeves Ave
School District:Sierra Sands Unified School District
| Name | Grades | Distance |
|---|---|---|
Richmond Elementary School 348 Rowe Street, Ridgecrest, CA 93555 | K-5 | 0.9 mi |
Murray Middle School 200 E. Drummond Ave., Ridgecrest, CA 93555 | 6-8 | 1.1 mi |
Burroughs High School, Ridgecrest, CA 500 East French Avenue, Ridgecrest, CA 93555 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 427 W Reeves Ave
Date
Details
Price
Change
Source
7/19/2024
Sold
$240,000
—
MLS
2/02/2024
Listed
$240,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
427 W Reeves Avenue, Ridgecrest, CA 93555 (MLS# SB24024701) is a Multi-Family property that was sold at $240,000 on July 19, 2024. Want to learn more about 427 W Reeves Avenue? Do you have questions about finding other Multi-Family real estate for sale in Ridgecrest? You can browse all Ridgecrest real estate or contact a Coldwell Banker agent to request more information.

