NOT LISTED FOR SALE

2259 Inyo St Mojave, CA 93501

20 Beds
10 Baths
4,501 Sq Ft
0.35 Acres

Last Sold December 12, 2024

Last sale price $280,000 $62 Per Sq Ft

58 Days on Market

About This Home

As of December 2024

over 5,000 sqft building on a 15,000 sqft lot with huge potential, zoned C-2, can be used for numerous commercial and/or residential uses, the property needs lots of TLC, this is not ground up construction, use the existing building, the property will require a complete remodeling. current owner received Kern County planning commission CUP approval to convert into a 10-unit apartment building consist of 5 studios and 5 one-bedroom units, all electric units with separate meters, no additions or major building alterations required, using the existing structure and available parking. Currently plans are in approval process with building and safety, rents in the area increased by a lot in recent years, proforma shows between $100-$130k in gross annual rents. And with a low expense ratio, the cap rate is estimated to be between 8-12% once completed. With the new space port being developed in Mojave, alternative energy developments and Edwards Air Force base increasing activities, the rents in the area are in high demand. Mojave is just 45 minutes from Bakersfield and 30 minutes from Lancaster. The building is secure and being guarded, seller may carry for qualified buyers, contact broker for more information and showing.

Last Agent to Sell the Property

ami tabak

Sandstone Realty Inc. License #01961197 Listed on: 09/24/2024

Last Buyer's Agent

Unknown Member

NON-MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 0.35

Home Design

  • 4,501 Sq Ft Home
  • Frame Construction

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 10 Bathrooms

Additional Features

  • 0.35 Acre Lot
  • Central Air

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 236-212-10-00-3

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Directions To Property: HWY14 pass HWY 58 junction, continue to Inyo st, right on inyo .
  • Income Producing: No
  • Listing Member Name: Ami Tabak
  • Lot Measurement: SqFt
  • Prop. Type: Multi-Family
  • Sp Percent Lp: 0.94
  • Square Footage: 4501.00
  • Tract Suffix: Street
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Unit: 29900.00
  • Total Bathrooms: 10.00

Exterior Features

  • Exterior Construction: Frame

Utilities

  • Cooling Type: Central Air/Refrig
  • HeatingTypes: Heat Pump

Condo/Co-op/Association

  • Units in Building: 10

Lot Info

  • Lot Acres: 0.35
  • Zoning: C-2

Tax Info

  • Assessor Parcel Number: 236-212-10-00-3

Multi Family

  • Number1 Bedroom Units: 5.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 List to Sale Price per Sq Ft Prior Sale
12/12/2024 12/12/24 Sold $280,000 -6.4% $62 / Sq Ft
11/21/2024 11/21/24 Pending -- -- --
11/16/2024 11/16/24 Price Changed $299,000 -10.7% $66 / Sq Ft
09/24/2024 09/24/24 For Sale $335,000 +24.1% $74 / Sq Ft
12/20/2021 12/20/21 Sold $270,000 -15.6% $53 / Sq Ft View Prior Sale
10/22/2021 10/22/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $320,000 -- $62 / Sq Ft
Source: Greater Antelope Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • a

    Seller's Agent in 2024

    ami tabak

    Sandstone Realty Inc.

    (213) 509-9328

    2 in this area

    16 Total Sales

    ami tabak
    Section Image

  • U

    Buyer's Agent in 2024

    Unknown Member

    NON-MEMBER OFFICE

  • Sinan Zakaria

    Seller's Agent in 2021

    Sinan Zakaria

    Listed Simply

    (619) 654-9866

    1 in this area

    604 Total Sales

    Sinan Zakaria
    Section Image

  • N

    Buyer's Agent in 2021

    NoEmail NoEmail

    None MRML

    (646) 541-2551

    5 in this area

    6,235 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: Greater Antelope Valley Association of REALTORS®

MLS Number: 24007237

Greater Antelope Valley Association of REALTORS®

APN: 236-212-10-00-3

California Kern County Mojave 93501

2259 Inyo St, Mojave, CA

Not Listed for Sale

MultiFamily

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