331 W Church Ave - Hospitality FOR SALE


Ridgecrest, CA 93555
$875,000 USD
858-336-9688
331 W Church Ave, Ridgecrest, CA for Sale
$875,000 USD
Hospitality - FOR SALE
1/31
null | 10.39% Cap Rate

331 W Church Ave
Ridgecrest, CA 93555


HIGHLIGHTS

  • Value-Add Opportunity – Refresh ±250 SF motel units into modern micro-studios with private bath, closet, kitchenette, and bed.
  • Tenant Demand Drivers – Strong rental demand from NAWS China Lake contractors, single tenants, and seniors seeking affordable housing.
  • Proven Upside – Higher achievable rents versus non-kitchen units; flexible leasing potential (extended stay or annual).
  • Zoning Advantage – R-4 multifamily zoning with City confirmation of motel-to-residential conversion as a permitted use.
  • Immediate Income – Four units already include full kitchens and require no upgrades.
  • Additional Potential – Garage conversion opportunity offers further value-add upside.

OVERVIEW

331-339 W Church Ave offers investors a rare repositioning opportunity in Ridgecrest’s rising rental market, just minutes from NAWS China Lake and it's ongoing expansion. Currently operating as a motel, the ±250 sq ft units have a direct pathway to being refreshed into modern micro-studios featuring a private bathroom, closet, kitchenette, and bed—aligning with the national demand for minimalist, affordable living. Through light, cost-effective upgrades such as compact kitchenettes with a cooktop, under-counter fridge, microwave, and clean finishes, investors can transform the existing layout into a sustainable multifamily community. The refreshed units are ideally suited to multiple tenant groups, including contractors and temporary workers stationed at NAWS China Lake, single tenants and younger renters seeking affordable independence, and seniors or Social Security recipients looking for cost-effective, all-inclusive housing. Investor upside includes higher achievable rents compared to non-kitchen units, an expanded tenant pool spanning both workforce and fixed-income demographics, and flexible leasing structures that support both long-term stays and standard year leases. In addition, garage conversion potential presents another avenue for value-add opportunity. Four units already feature full kitchens and require no upgrades, providing immediate functionality. The property is zoned R-4 multifamily, and the City has confirmed in writing that motel-to-residential conversion is a permitted use. This zoning support significantly de-risks the repositioning strategy, ensuring investors have a clear pathway to execute the business plan. It is even situated between two recently completed multi-family projects in the area, demonstrating the rapid changes occurring in the area since the city's re-zoning towards residential usage.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$148 USD /SF

# OF ROOMS

17

PRICE/ROOM

$51,471 {currency}

CAP RATE

10.39%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Desert Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1960

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,591 SF

ZONING

R-4

APN/PARCEL ID

478-062-03-00-4,478-062-16-00-2

ASK ABOUT THIS PROPERTY

Jason LeeNara AdvisorsMore Info
858-336-9688

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Jason LeeNara AdvisorsMore Info
858-336-9688

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