$465,000
$489,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
2,475 SqFt
SOLD DATE : 08/15/2025
Key Details
Sold Price $465,000
Property Type Commercial
Sub Type 5 - 10 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 2,475 sqft
Price per Sqft $187
MLS Listing ID 202507761
Sold Date 08/15/25
Year Built 1953
Property Sub-Type 5 - 10 Units
Property Description
Offered at $489,000, 1017 El Tejon is a well-located 5-unit apartment building featuring five 1-bedroom, 1-bath units. Built in 1953 and totaling approximately 2,475 square feet, the property is priced at just $97,800 per unitmaking it an attractive entry-level investment. With a gross scheduled income of $54,204 and a 6.13% cap rate based on actual income and new property taxes, this asset offers strong in-place cash flow and upside potential. Ideal for investors seeking steady returns in a manageable, small-scale multifamily property.
Location
State CA
County Kern
Area 21
Exterior
Parking Features Uncovered
Building
Story 1
Schools
Middle Schools Beardsley
High Schools North
School District Beardsley
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Bought with Frank St. Clair • St. Clair Realty
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