Listed by Mary Furnish · Elite Properties
$825,000
617 E Ridgecrest BLVD, Ridgecrest, CA 93555
Est. $4,172/mo (20% down, 6.5% rate, 30yr fixed)
4+ Units, Income Property · Multi Family
Built in 1979
10,890 sq ft lot
$123 / sqft
0 days on market
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About This Property
This well-positioned apartment complex is also just 3.5 miles from NAVAIR China Lake, 5 miles from Cerro Coso Community College, and minutes from schools, shopping, dining, and everyday conveniences. The property offers a desirable unit mix of five 2-bedroom apartments and four 1-bedroom apartments. Select units feature balconies or small fenced backyard spaces, adding to resident appeal. The property is currently undergoing revitalization to enhance its overall appearance; several units have already been updated with modern finishes including luxury vinyl plank flooring, quartz countertops, and premium fixtures. Additional units have been upgraded within the past decade, and the remaining apartments offer an excellent opportunity for further value-add improvements. With strong income potential and returns that exceed those commonly found in today's market, this property presents an exceptional investment opportunity. Whether you're an experienced investor looking to expand your portfolio with a high-yield asset or a new investor seeking an attractive entry into the market, this apartment complex offers outstanding upside and long-term potential.
Features
Property Details
Multi Family · 4+ Units, Income Property
1979
0.25 acres
0
Dual Pack, On Roof
Dual Pack, Ducted to All Rooms
2608736
Jul 29, 2026
0
Listing Agent
Mary Furnish
Elite Properties
Location
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