NOT LISTED FOR SALE

21533 Golden Hills Blvd Tehachapi, CA 93561

10 Beds
10 Baths
6,600 Sq Ft
0.31 Acres

Last Sold June 17, 2024

Last sale price $1,125,000 $170 Per Sq Ft

164 Days on Market

Highlights

  • Property is near a park
  • Living Room Balcony
  • Laundry Room
  • Park or Greenbelt View
  • Park
  • Accessible Parking

About This Home

As of June 2024

This is an amazing opportunity to own these ten unit apartment in Tehachapi. The units feature cozy living rooms, spacious kitchens with dining areas, and good size balcony. The building has been recently renovated and is in good condition. Each unit has its own gas and electric meters.

The location of this property is perfect for investors who want to benefit from the robust rental market in Tehachapi. The area is one of the most sought-after in the region, with a high quality of life and a low cost of living. The property is close to everything that Tehachapi has to offer, such as schools, shopping centers, restaurants, parks, and highways. Tehachapi is a fast-growing community with a strong economy and a diverse population. The demand for rental units is high and the vacancy rates are low, which means steady income and appreciation for the owner. The whole portfolio has a total of 52 units. Buyer can purchase 8 units, 10 units, 16 units or 20 units or 52 units at a time.

Last Agent to Sell the Property

Tina Lai

Pinnacle Real Estate Group Brokerage Phone: 626-823-7133 License #01855640 Listed on: 10/18/2023

Pinnacle Real Estate Group

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1986 | Remodeled

Lot Details

  • 0.31 Acre Lot
  • No Common Walls
  • Fenced
  • Fence is in average condition

Home Design

  • Entry on the 1st floor
  • Composition Roof
  • Stucco

Interior Spaces

  • 6,600 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Living Room Balcony
  • Park or Greenbelt Views
  • Fire and Smoke Detector
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Parking

  • 10 Open Parking Spaces
  • 16 Parking Spaces
  • 6 Carport Spaces
  • Parking Available

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Septic Type Unknown

Additional Features

  • Accessible Parking
  • Property is near a park

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 137
  • Tax Tract Number 3111
  • Assessor Parcel Number 46714311007
  • $1,280 per year additional tax assessments

Community Details

Recreation

  • Park

Building Details

  • 9 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $218
  • Fuel Expense $276
  • Gardener Expense $1,800
  • Insurance Expense $5,000
  • Professional Management Expense $8,844
  • Trash Expense $1,870
  • Water Sewer Expense $2,861
  • Operating Expense $32,334
  • Gross Income $74,894
  • Net Operating Income $74,894

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1986 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.55
  • Price Per Unit: 125900
  • Professional Management Expense: 8844.00
  • Property Attached: No
  • Road Frontage Type: Access Road
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 2861.00
  • Zoning: R-3
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 46714311007
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Living Room Balcony
  • Stories: 2
  • Entry Location: First Level
  • Common Walls: No Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 170.45

Exterior Features

  • View: Park/Greenbelt
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 16.00
  • Uncovered Spaces: 10.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Septic Type Unknown
  • Trash Expense: 1870.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 13333.00
  • Lot Size Acres: 0.3061
  • Latitude Manual: 35.13183900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 660 Square Feet
  • Electric Expense: 218.00
  • Fuel Expense: 276.00
  • Gross Income: 74894.00
  • Gross Operating Income: 107228.00
  • Gross Scheduled Income: 110544.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 13333.0000 Square Feet
  • Net Operating Income: 74894.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 9
  • Number Of Units Total: 10
  • Operating Expense: 32334.00
  • Rent Control: No
  • Total Actual Rent: 9212.00
  • Total Expenses: 32334.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 60.03
  • Tax Lot: 137
  • Tax Tract Number: 3111
  • TaxOtherAnnualAssessmentAmount: 1280.00

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
06/17/2024 06/17/24 Sold $1,125,000 -10.6% $170 / Sq Ft
03/30/2024 03/30/24 Pending -- -- --
01/08/2024 01/08/24 Price Changed $1,259,000 0.0% $191 / Sq Ft
01/08/2024 01/08/24 For Sale $1,259,000 +11.9% $191 / Sq Ft
12/11/2023 12/11/23 Off Market $1,125,000 -- --
10/18/2023 10/18/23 For Sale $1,350,000 -- $205 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS23190510

California Regional Multiple Listing Service (CRMLS)