121 N Gateway Blvd - Apartments FOR SALE


Ridgecrest, CA 93555
$8,150,000 USD
909-815-7324
121 N Gateway Blvd, Ridgecrest, CA for Sale
$8,150,000 USD
Apartments - FOR SALE
1/16
null | 5.91% Cap Rate

121 N Gateway Blvd
Ridgecrest, CA 93555


OVERVIEW

CBRE is pleased to present investors with the opportunity to acquire The Gateway Villa Apartments located at 121 N Gateway Blvd, Ridgecrest, CA. Built in 1986, this well maintained 58 unit property features (25) two-bedroom, one and a half-bathroom units average 950 SF, (22) three-bedroom, two-bathroom units average 1,050 SF all single level, and (11) three-bedroom, two and half-bathroom units average 1,200 SF. The property offers garages, covered and surface parking, includes modern amenities such as a pool, washer dryer hook-ups, and some units offer yards. The Gateway Villa Apartments has a major upside in rents. The complex is conveniently located near various amenities and the nearest major highways are US-395 and CA-14

FOR SALE DETAILS

PRICE

$8,150,000 USD

PRICE/SF

$93 USD /SF

# OF UNITS

48

PRICE/UNIT

$169,792

CAP RATE

5.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gateway Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

58

LAND DETAILS

LAND ACRES

3.99 AC

LAND SF

173,804 SF

ZONING

R-2

APN/PARCEL ID

396-400-05-00-7

ASK ABOUT THIS PROPERTY

Cray CarlsonCBRE, Inc.More Info
909-815-7324

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Cray CarlsonCBRE, Inc.More Info
909-815-7324

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.