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2924 Claire Street

Lake Isabella, CA 93240

– beds
– baths
– sqft
~3/4 acre lot
1964 build
– on site

Don't miss out on your next investment opportunity! Priced at an attractive $119,900 per unit, this property has undergone over $240,000 in recent capital improvements, ensuring continuous appreciation in value. With the rise of remote work, tenants prioritize lifestyle over commuting, making locations like Lake Isabella highly desirable. Offering breathtaking mountain views, lake proximity, and abundant outdoor recreation, like hiking, boating, and fishing, this property truly distinguishes itself in the market. Moreover, with affordable rents and limited multi-family housing in the Kern River Valley, vacancies are rare. This meticulously maintained, 10-unit garden-style complex promises solid returns and substantial rental upside. Six units have undergone extensive renovations with upgrades such as new flooring, blinds, stylish cabinets, quartz countertops, and more, enabling rents to surpass $1,100 per month for 2-bedroom units. The property spans 8,656 square feet and includes 4 duplexes (each 2 bd/1 bath, approx. 826 sf), a 1 bd/1 bath unit (approx. 520 sf), and a 3 bd/1 bath house (approx. 1528 sf). Outside, relish in the tranquil community area with BBQ facilities, comfortable seating, and lush landscaping. With positive cash flow, a strong cap rate and GRM, plus significant upside potential, this opportunity is not to be missed. Contact us today for further details!

Listed By CRMLS_CA / Laurie McCarty / Coldwell Banker Preferred Realtors / 661-331-0598

Last checked: Checking… • Last updated May 2, 2024 •

MLS# SR24031139 —

The Building

Year Built:

1964
Year Built Source:

Assessor
New Construction:

No
Architectural Style:

Cottage
Roof:

Composition
Entry Level:

1
Common Walls:

No Common Walls
Building Area Total:

8656.00
Building Area Units:

Square Feet
# of Buildings:

3
Total Number Of Units:

10
Stories Total:

1

Interior

Levels:

One
Entry Location:

front
Flooring:

Vinyl
Room Type:

Great Room, Kitchen, Laundry, See Remarks
Fireplace:

Yes
Fireplace:

Family Room
Laundry:

Washer Hookup
Laundry:

1

Location

Directions:

Take CA-178 E/E 178 Fwy to Elizabeth Norris Rd in Lake Isabella. Take exit 42 from CA-178 E/E 178 Fwy. Continue on Elizabeth Norris Rd, turn left on Lake Isabella Blvd, turn right on Erskine Creek Rd and right on Claire St.
Latitude:

35.61568400
Longitude:

-118.47499900

The Property

Property Type:

Residential Income
Subtype:

Duplex
Zoning:

R-3
Lot Features:

Lot 20000-39999 Sqft
Lot Size Area:

28313.0000
Lot Size Acres:

0.6500
Lot Size SqFt:

28313.00
Lot Size Source:

Assessor
View:

1
View:

Mountain(s)
Road Frontage:

City Street
Road Surface Type:

Paved
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

52.05
Tax Tract:

1777
Tax Lot:

38

The Listing

Buyer's Brokerage Compensation:

2.500%
Special Listing Conditions:

Standard
Buyer's Brokerage Compensation:

$2.50
Parcel Number:

26314401009

Heating & Cooling

Cooling:

Yes
Cooling:

Evaporative Cooling

Utilities

Utilities:

Electricity Connected, Other, Water Connected
Sewer:

Septic Type Unknown
Water Source:

Public

Appliances

Appliances:

Dishwasher, Gas Oven
Included:

Yes

The Community

Senior Community:

No
Features:

Biking, Hiking, Lake, Watersports, Mountainous
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No

Parking

Parking:

Yes
Parking:

Carport
Parking Spaces:

8.00
Carport Spaces:

8.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price
2/13/24 Feb 13, 2024	Listed / Active	CRMLS_CA	$1,199,000
10/23/23 Oct 23, 2023	Price Changed	CRMLS_CA
8/1/23 Aug 1, 2023	Listed / Active	CRMLS_CA

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This multifamily located in Lake Isabella, CA 93240 is currently for sale for $1,199,000. 2924 Claire Street is a – square foot multifamily with – beds and – baths that has been on Estately for 80 days. This multifamily is in the attendance area of Kern Valley High School.

Listing Courtesy of: CRMLS_CA and Coldwell Banker Preferred Realtors. Based on information from California Regional Multiple Listing Service, Inc. as of 23:56 on May 02.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.