2924 Claire St Lake Isabella, CA 93240

• May, 2024

• May 23, 2024

  Date

  Expired

  CRMLS: SR24031139

  $1,199,000

  Price

• Feb 13, 2024

  Date

  Active

  CRMLS: SR24031139

  $1,199,000

  Price

• Listing provided courtesy of CRMLS

  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!

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• December, 2023

• Dec 5, 2023

  Date

  Canceled

  CRMLS: 23293443

  $1,395,000

  Price

• Jul 22, 2023

  Date

  Active

  CRMLS: 23293443

  $1,495,000

  Price

• Listing provided courtesy of CRMLS

  PRICE IMPROVEMENT. 2924 Claire is everything you should be seeking in an investment property. SELLER FINANCING at a below market interest rate is appealing. Real estate investing is changing, WAKE UP to the fundamentals of owning a quality investment property. It used to be "buy investment property where jobs are located." Today, as more tenants work remotely, properties outside the city have gained in popularity. Today's Millennials take their jobs with them. Renting a home TODAY is about the quality of life, NOT about the commute. Additionally, rents are more affordable in Lake Isabella. The Result: Cities like Lake Isabella are seeing rents rise faster than in large high-density cities. Seller will carry a first trust deed up to 40% of sale price in favor of a qualified buyer at a rate of 5.75% for up to 3 years, interest only. The Kern River Valley is lacking in multi-family housing. This is such a good opportunity, maybe you'll like it so much, you'll want to live in the 3 bedroom house! Lake Isabella is not saddled with city (local) rent control, noise, traffic, gangs, graffiti, crowding or polluted air. With its lake, mountains, hiking trails, boating and fishing and more, Lake Isabella offers a great quality of life. Retirees, remote workers, or young families; people love it. This 10 unit, pride-of-ownership garden style, low density apartment complex offers all of the above, a solid return on your investment plus big upside on the rents and appreciation. The owner has extensively upgraded 4 of the homes with rents now surpassing $1,100 per month. Before all the investors figure this out and prices skyrocket in this area, purchase this investment property today, below replacement cost, at only $139,500 per (large) home; invest in Lake Isabella!

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• December, 2023

• Dec 5, 2023

  Date

  Canceled

  CRMLS: 23295929

  $1,395,000

  Price

• Jul 22, 2023

  Date

  Active

  CRMLS: 23295929

  $1,495,000

  Price

• Listing provided courtesy of CRMLS

  PRICE IMPROVEMENT. 2924 Claire is everything you should be seeking in an investment property. SELLER FINANCING at a below market interest rate is appealing. Real estate investing is changing, WAKE UP to the fundamentals of owning a quality investment property. It used to be "buy investment property where jobs are located." Today, as more tenants work remotely, properties outside the city have gained in popularity. Today's Millennials take their jobs with them. Renting a home TODAY is about the quality of life, NOT about the commute. Additionally, rents are more affordable in Lake Isabella. The Result: Cities like Lake Isabella are seeing rents rise faster than in large high-density cities. Seller will carry a first trust deed up to 40% of sale price in favor of a qualified buyer at a rate of 5.75% for up to 3 years, interest only. The Kern River Valley is lacking in multi-family housing. This is such a good opportunity, maybe you'll like it so much, you'll want to live in the 3 bedroom house! Lake Isabella is not saddled with city (local) rent control, noise, traffic, gangs, graffiti, crowding or polluted air. With its lake, mountains, hiking trails, boating and fishing and more, Lake Isabella offers a great quality of life. Retirees, remote workers, or young families; people love it. This 10 unit, pride-of-ownership garden style, low density apartment complex offers all of the above, a solid return on your investment plus big upside on the rents and appreciation. The owner has extensively upgraded 4 of the homes with rents now surpassing $1,100 per month. Before all the investors figure this out and prices skyrocket in this area, purchase this investment property today, below replacement cost, at only $139,500 per (large) home; invest in Lake Isabella!

  Continue Reading

• April, 2019

• Apr 25, 2019

  Date

  Sold (Public Records)

  Public Records

  $556,500

  Price

• June, 2003

• Jun 25, 2003

  Date

  Sold (Public Records)

  Public Records

  $200,000

  Price

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