Detailed Introduction Of This Home
Welcome to 6611 California City Blvd., a prime investment opportunity nestled in the heart of California City. This expansive property boasts six 2-bedroom, 2-bathroom apartment units spanning approximately 5,200 sq. feet. At approximately a quarter acre, the lot has the possibility to expand with additional units. Situated approximately 20 miles from Edwards Air Force Base, 35 miles from the city of Lancaster, 65 miles from Bakersfield and 125 miles to Los Angeles. The property not only offers convenience but also promises great rental income potential making it an ideal choice for savvy investors seeking long-term returns. Fully rented at market, the property has a pro forma income of $89,940 giving it an incredible 8.66 GRM and 9.04% cap rate. Can be purchased together with another six unit property at 8318 Dogbane Ave, California City.