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Multifamily

516 W Valley Blvd

516 W Valley Blvd, Tehachapi, CA 93561

Listing Price: $1,200,000

Cap Rate
5.61%
Number of Units
8
GRM
8.62
Occupancy
98.0%
Price/Unit
$150,000
Price/Gross SF
$189.87
Gross SF
6,320

Investment Overview

Marcus and Millichap are pleased to present these two-story value-add (8) unit multi-family properties located in the greater part of Tehachapi CA. Built in 1987, this property is located at 516 W. Valley Blvd. Tehachapi, CA - APN: 416-414-09-00-5.

This property features eight (8) highly desirable rental units. All units consist of 2 Bed / 1 Bath. Each unit contains a kitchen, living room, hookups for laundry, and its own designated parking garage.

These units are new to the market and a great investment opportunity! With the increase in population and employment growth, this property is located in one of Tehachapi’s strongest and highest rental markets. Rarely does an investment opportunity of this size come to the market in Tehachapi. If it does, the property is sold quickly. This geographic location is near schools, retail centers, and the downtown area with easy access on/off Highway 58. With its convenient location in Tehachapi, you are in the vicinity of a very large rental pool.

Investment Highlights

  • Rare Market Find
  • Value-add Opportunity
  • Two-story Buildings
  • Parking Garage Per Unit
  • Located in the Heart of Tehachapi
  • Near Highway 58
  • Near Schools, Retail, Eateries
  • Located in Strong Rental Market

Exclusively Listed By

Financing By

Multifamily

516 W Valley Blvd

Listing Price: $1,200,000

Cap Rate
5.61%
Number of Units
8
GRM
8.62
Occupancy
98.0%
Price/Unit
$150,000
Price/Gross SF
$189.87
Gross SF
6,320

Investment Highlights

  • Rare Market Find
  • Value-add Opportunity
  • Two-story Buildings
  • Parking Garage Per Unit
  • Located in the Heart of Tehachapi
  • Near Highway 58
  • Near Schools, Retail, Eateries
  • Located in Strong Rental Market

Investment Overview

Marcus and Millichap are pleased to present these two-story value-add (8) unit multi-family properties located in the greater part of Tehachapi CA. Built in 1987, this property is located at 516 W. Valley Blvd. Tehachapi, CA - APN: 416-414-09-00-5. This property features eight (8) highly desirable rental units. All units consist of 2 Bed / 1 Bath. Each unit contains a kitchen, living room, hookups for laundry, and its own designated parking garage. These units are new to the market and a great investment opportunity! With the increase in population and employment growth, this property is located in one of Tehachapi’s strongest and highest rental markets. Rarely does an investment opportunity of this size come to the market in Tehachapi. If it does, the property is sold quickly. This geographic location is near schools, retail centers, and the downtown area with easy access on/off Highway 58. With its convenient location in Tehachapi, you are in the vicinity of a very large rental pool.

Exclusively Listed By

Financing By

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