NOT LISTED FOR SALE

20949 83rd St California City, CA 93505

12 Beds
12 Baths
6,032 Sq Ft
0.29 Acres

Last Sold August 18, 2023

Last sale price $860,000 $143 Per Sq Ft

70 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

About This Home

As of August 2023

This beautiful two-story 8-units multifamily investment located in California City. The property features 2 separate buildings with the total of 6032 sq with a huge lot size of 12,632 sq ft, built in 1986. Four (4) of the units are 2 beds/2baths, and four (4) units are 1 bed/1 bath. This is a premier multifamily investment; with its incredible location and placement within a thriving market, the property presents investors with a worthy endeavor with significant upside. Originally constructed in 1986, the property underwent full renovations with many upgrades including fresh interior paint, new water- resistant wood flooring and many more. All units are occupied with great tenants. Property 20961-83rd St (APN # 20314102003) and property 20949 83rd St (Apn # 20314103006) can be sold together or sold separately. These two properties are next to each other with 2 seperate APNs. Each property consist of 8 units.This is a fantastic income opportunity, A Must see, don't miss out!

Last Agent to Sell the Property

Shun Zhang

RE/MAX CHAMPIONS License #01825334 Listed on: 04/14/2023

RE/MAX CHAMPIONS

Last Buyer's Agent

Richard Valderrama Calle

The Dara Group Inc. License #02148207

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1986

Lot Details

  • 0.29 Acre Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Planned Development
  • Copper Plumbing

Interior Spaces

  • 6,032 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Kitchen

  • Electric Range
  • Disposal

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Parking

  • Parking Available
  • Driveway
  • On-Site Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 260
  • Tax Tract Number 2067
  • Assessor Parcel Number 20314103006

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $368
  • Fuel Expense $2,134
  • Insurance Expense $3,600
  • Professional Management Expense $5,400
  • Trash Expense $3,651
  • Water Sewer Expense $3,461
  • Operating Expense $28,234
  • Gross Income $6,975
  • Net Operating Income $55,466

Property Details

Home Type

Apartment

Year Built

Built in 1986

Lot Details

0

Listing Details

  • CapRate: 6.00
  • Price Per Unit: 112375
  • Professional Management Expense: 5400.00
  • Property Attached: No
  • Water Sewer Expenses: 3461.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 20314103006
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 142.57

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, On Site

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Electric Range, Disposal
  • Heating Type: Forced Air
  • Sewer: Public Sewer
  • Trash Expense: 3651.20
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 12632.00
  • Lot Size Acres: 0.2900

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 368.22
  • Fuel Expense: 2133.80
  • Gross Income: 6975.00
  • Gross Scheduled Income: 83700.00
  • Insurance Expense: 3600.30
  • Lot Size Area: 12632.0000 Square Feet
  • Net Operating Income: 55466.45
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Number Wall A C: 8
  • Number With Dishwasher: 8
  • Number With Disposal: 8
  • Number With Range: 8
  • Operating Expense: 28233.50
  • Rent Control: No
  • Total Actual Rent: 83700.00
  • Total Expenses: 28233.55

Tax Info

  • Tax Lot: 260
  • Tax Tract Number: 2067

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2023 08/18/23 Sold $860,000 -4.3% $143 / Sq Ft
06/23/2023 06/23/23 Pending -- -- --
04/14/2023 04/14/23 For Sale $899,000 +172.4% $149 / Sq Ft
03/25/2021 03/25/21 Sold $330,000 0.0% $55 / Sq Ft
03/05/2021 03/05/21 Pending -- -- --
01/27/2021 01/27/21 For Sale $330,000 +38.1% $55 / Sq Ft
12/26/2013 12/26/13 Sold $239,000 -4.0% $40 / Sq Ft
12/19/2013 12/19/13 Pending -- -- --
08/09/2013 08/09/13 For Sale $249,000 -- $41 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Shun Zhang

    Seller's Agent in 2023

    Shun Zhang

    RE/MAX

    (626) 230-2271

    2 in this area

    67 Total Sales

    Shun Zhang
    Section Image
  • Richard Valderrama Calle

    Buyer's Agent in 2023

    Richard Valderrama Calle

    The Dara Group Inc.

    (818) 383-9952

    6 in this area

    35 Total Sales

    Richard Valderrama Calle
    Section Image

  • N

    Seller's Agent in 2021

    Naylan Bender

    Bender Realty & Management

    Section Image

  • M

    Buyer's Agent in 2021

    Mark Phan Hitt

    Keller Williams Tehachapi

    Section Image

  • L

    Seller's Agent in 2013

    Leland Krelle

    West Coast Realty

    (760) 373-9200

    16 in this area

    28 Total Sales

    Leland Krelle
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS23062848

California Regional Multiple Listing Service (CRMLS)
California Kern County California City 93505

20949 83rd St, California City, CA

This home is located at 20949 83rd St, California City, CA 93505 since 14 April 2023. This property was built in 1986. 20949 83rd St is a home located in Kern County with nearby schools including Robert P. Ulrich Elementary School, California City Middle School, and California City High School.

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California Regional Multiple Listing Service (CRMLS) 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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