Seller's Agent in 2024
Jerry Carew
REMAX AEGIS
(310) 714-1416
2 in this area
113 Total Sales
1324 N Norma St Ridgecrest, CA 93555
Estimated Value: $288,000 - $1,057,000
10
Beds
1
Bath
12,500
Sq Ft
$63/Sq Ft
Est. Value
Highlights
- 1.1 Acre Lot
- Laundry Room
- 1-Story Property
- Private Yard
About This Home
As of July 2024This 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.
Note this is a probate sale, subject to court confirmation and overbid. Six properties are to be sold at the same time (ask your agent for details). Please do not walk property.
Last Agent to Sell the Property
REMAX AEGIS Brokerage Phone: 310-714-1416 License #01374136 Listed on: 02/02/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1972
Lot Details
- 1.1 Acre Lot
- 1 Common Wall
- Private Yard
Parking
- 19 Parking Spaces
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 10 Bedrooms
- 12,500 Sq Ft Home
- 1-Story Property
- Laundry Room
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 1252
- Assessor Parcel Number 41904101004
- $2,990 per year additional tax assessments
Community Details
Overview
- 9 Buildings
- 19 Units
Amenities
- Laundry Facilities
Building Details
- 19 Separate Electric Meters
- 19 Separate Gas Meters
- 3 Separate Water Meters
- Insurance Expense $3,500
- Trash Expense $1,500
- Water Sewer Expense $5,000
- Operating Expense $10,000
- Gross Income $58,100
- Net Operating Income $58,100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 2, 2024
Closed on
Jul 9, 2024
Sold by
Iorillo Louis Alexander and Iorillo Philip Alan
Bought by
Leblanc Nicholas
Seller's Agent
Jerry Carew
REMAX AEGIS
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,010,000
Sold Price
$1,018,000
Premium/Discount to List
$8,000
0.79%
Views
31
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$231,333
Avg. Annual Appreciation
-15.05%
Purchase Details
Closed on
Oct 3, 2002
Sold by
Iorillo Clara
Bought by
Iorillo Clara and The Clara Iorillo Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Leblanc Nicholas | $1,018,000 | First American Title | |
| Iorillo Clara | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/19/2024 07/19/24 | Sold | $1,018,000 | +0.8% | $81 / Sq Ft |
| 03/06/2024 03/06/24 | Pending | -- | -- | -- |
| 02/02/2024 02/02/24 | For Sale | $1,010,000 | -- | $81 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,228 | $212,500 | $32,500 | $180,000 |
| 2024 | $4,152 | $109,068 | $9,581 | $99,487 |
| 2023 | $4,152 | $106,931 | $9,394 | $97,537 |
| 2022 | $4,087 | $104,835 | $9,210 | $95,625 |
| 2021 | $3,855 | $102,780 | $9,030 | $93,750 |
| 2020 | $3,747 | $101,727 | $8,938 | $92,789 |
| 2019 | $3,726 | $101,727 | $8,938 | $92,789 |
| 2018 | $3,701 | $97,779 | $8,592 | $89,187 |
| 2017 | $3,697 | $95,863 | $8,424 | $87,439 |
| 2016 | $3,585 | $93,984 | $8,259 | $85,725 |
| 2015 | $3,508 | $92,573 | $8,135 | $84,438 |
| 2014 | $2,859 | $90,760 | $7,976 | $82,784 |
Source: Public Records
Agents Affiliated with this Home
-
Jerry Carew
-
NoEmail NoEmail
N
Buyer's Agent in 2024
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
3 in this area
6,328 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24024605
APN: 419-041-01-00-4
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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