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800 S Norma St
Ridgecrest, CA 93555
Norma Street Apartments · Multifamily Property For Sale · 66 Units
PROPERTY FACTS
| No. Units | 66 | Building Size | 55,228 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1992 |
| Building Class | C | Parking Ratio | 0.72/1,000 SF |
| Lot Size | 5.44 AC |
| No. Units | 66 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.44 AC |
| Building Size | 55,228 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1992 |
| Parking Ratio | 0.72/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Range
- Carpet
Site Amenities
- Laundry Facilities
- Pool
About 800 S Norma St , Ridgecrest, CA 93555
Outstanding Investor/Developer Opportunity. Sixty-six unit complex on a 5 acre parcel with approximately 2 acres stubbed and ready for development. Building is stable with 98.5% occupancy, great tenant demand and room for rent increases due to the influx of defense contract jobs. Garden rise with enclosed court yard and gated pool. On site laundry room, ample parking and individual patios. Units have just recently been re-roofed and parking lot is in process of being resurfaced. The 2 bed 2 bath units come with: 1 car garage & laundry hook-ups The 3 bed 2 bath units come with: 2 car garage & laundry hook-ups
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 400 |
| 1+1 | 16 | - | 600 |
| 2+1 | 24 | - | 750 |
| 2+2 | 8 | - | 780 |
| 3+2 | 10 | - | 900 |
PROPERTY TAXES
| Parcel Number | 480-010-16-00-0 | Improvements Assessment | $7,043,100 |
| Land Assessment | $239,700 | Total Assessment | $7,282,800 |
PROPERTY TAXES
zoning
| Zoning Code | R-3 |
| R-3 |
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