$949,999

20961 83rd St California City, CA 93505

Estimated payment $6,116/month

Total Views 69
11 Beds
12 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling System Mounted To A Wall/Window
  • Block Wall Fence
  • Heating Available

About This Home

Introducing an exceptional investment opportunity at 20961 83rd Street, California City, California! This two-story multi-family apartment building comprises eight units, offering a lucrative investment prospect for discerning buyers. The property features a well-designed layout, with four units consisting of 2 bedrooms and 2 bathrooms, and the remaining four units featuring 1 bedroom and 1 bathroom each. This diverse configuration caters to various tenant preferences, enhancing the property's rental potential. With a focus on easy maintenance, the exterior of the property is designed for efficiency, minimizing upkeep requirements and allowing for seamless property management. This ensures that property owners can enjoy hassle-free ownership and optimize their investment returns. Additionally, the property offers an easy commute to Lancaster, with a range of amenities and employment opportunities - Edwards Air Force Base is located nearby as well. This convenient access enhances the property's appeal to potential tenants and contributes to its long-term viability as an investment. Whether you're a seasoned investor seeking to expand your portfolio or a newcomer looking to enter the real estate market, the property presents an enticing opportunity.

Listing Agent

Raymond Deckert

Keller Williams West Ventura County License #01761150 Listed on: 08/28/2025

Keller Williams West Ventura County

Co-Listing Agent

Robert Perron

Keller Williams West Ventura C License #02019595

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 0.29 Acre Lot
  • No Common Walls
  • Block Wall Fence
  • No Sprinklers

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 12 Bathrooms

Parking

  • 16 Parking Spaces
  • Parking Available

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Additional Features

  • Dishwasher
  • Suburban Location

Listing and Financial Details

  • Tax Lot 260
  • Assessor Parcel Number 20314102003
  • Seller Considering Concessions

Community Details

Overview

  • 2 Buildings

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $389
  • Fuel Expense $1,995
  • Insurance Expense $2,520
  • Trash Expense $2,100
  • Water Sewer Expense $3,675
  • Operating Expense $10,679
  • Gross Income $106,500
  • Net Operating Income $80,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 8.00
  • Property Attached: No
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 3675.00
  • Property Type: Residential Income
  • Parcel Number: 20314102003
  • Year Built: 1986
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: Yes

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Total Parking Spaces: 16.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Appliances: Dishwasher
  • Trash Expense: 2100.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 12632.00
  • Lot Size Acres: 0.2900

Multi Family

  • Electric Expense: 389.00
  • Fuel Expense: 1995.00
  • Gross Income: 106500.00
  • Gross Scheduled Income: 106500.00
  • Insurance Expense: 2520.00
  • Lot Size Area: 12632.0000 Square Feet
  • Net Operating Income: 80500.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 2
  • Operating Expense: 27300.00
  • Rent Control: No
  • Total Expenses: 10679.00

Tax Info

  • Tax Lot: 260

Map

Range of Values:

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ICE

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Average Value
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List Price
Sold Price
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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
08/28/2025 08/28/25 For Sale $949,999 +14.5% --
08/18/2023 08/18/23 Sold $830,000 -7.7% $138 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
04/14/2023 04/14/23 For Sale $899,000 -- $149 / Sq Ft
Source: Ventura County Regional Data Share

Source: Ventura County Regional Data Share

MLS Number: V1-32055

Ventura County Regional Data Share