THIS FOUR ON A LOT PROPERTY IS ON AUTO-PILOT, MGMNT CO HANDLES EVERYTHING. Exceptional multi-unit investment opportunity in the heart of Ridgecrest! This Four on a lot offers four individual homes on a 13,504 sq ft lot, totaling 2,568 sq ft of living space. Each home provides comfortable layouts with strong rental demand and low turnover in a stable desert community. Front homes are 2/1, rear homes 1/1 . Built in 1959, the property has stood the test of time and continues to perform with consistent occupancy and a 6.8% annual ROI. Tenants enjoy ample off-street parking, and convenient proximity to shopping, dining, and the Naval Air Weapons Station China Lake. Perfect for investors seeking reliable income with minimal management headaches. A local property management company oversees day-to-day operations, making this a turnkey asset with dependable cash flow and future upside potential. With a mix of strong market rents and steady demand from the Ridgecrest workforce, this property is ideal for anyone looking to grow or diversify their portfolio in a high-yield, low-maintenance market.
Ridgecrest is located in California. Ridgecrest, California has a population of 27,989. Ridgecrest is less family-centric than the surrounding county with 35.85% of the households containing married families with children. The county average for households married with children is 36.03%.
The median household income in Ridgecrest, California is $77,534. The median household income for the surrounding county is $58,824 compared to the national median of $69,021. The median age of people living in Ridgecrest is 36.6 years.
The average high temperature in July is 103.3 degrees, with an average low temperature in January of 31.6 degrees. The average rainfall is approximately 5.4 inches per year, with 0.2 inches of snow per year.
