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For sale
  • Price cut: $30K (7/18)
    $740,000

    21411 Golden Hills Blvd, Tehachapi, CA 93561

    --beds
    --baths
    3,632sqft
    : 
    Multi Family
    Built in 1992
    -- sqft lot
    $724,100 Zestimate®
    $204/sqft
    $-- HOA

    What's special

    $770,000 | 4 Units + Garages + Laundry | Prime Golden Hills Investment Opportunity21411 Golden Hills Blvd, Tehachapi, CA 93561Welcome to a solid, income-producing fourplex located in the desirable Golden Hills neighborhood of Tehachapi. Each of the four 2-bedroom, 1-bath units is thoughtfully laid out and includes its own 1-car detached garage, a private laundry closet with washer/dryer hookups, and access to ample street parkinga rare and highly attractive feature for both tenants and investors.This property is located just off Tucker Road, with quick access to schools, shopping, and Hwy 58making it ideal for both long-term tenants and owner-investors.💰 Rental Income Snapshot:Unit 1: $1,060Unit 2: $1,400Unit 3: $1,190Unit 4: $1,360Total Current Rent: $5,010/month | $60,120/yearMarket Rent Potential: $1,400-$1,600 per unitAt $1,400: $5,600/month | $67,200/yearAt $1,500: $6,000/month | $72,000/yearAt $1,600: $6,400/month | $76,800/year📈 Investor Highlights:Price: $770,000GRM (Current): ~12.8GRM (Pro Forma at $1,600/unit): ~10.0Estimated Cap Rate (Current w/ 30% expenses): ~4.5%Estimated Cap Rate (Pro Forma at market rents): ~6.2%+Separately metered utilities (except water)Stable tenant base with room to increase rentsLight cosmetic updates could unlock full market potentialThis is an ideal acquisition for investors seeking steady income with value-add upside, whether for a 1031 exchange or long-term portfolio growth.🏡 Property Features:Four 2 bed / 1 bath unitsPrivate 1-car detached garage per unitIn-unit laundry closets with washer/dryer hookupsStreet parking available for tenants and guestsSpacious layouts with natural lightWalkable to schools and close to parks, shopping, and downtownProfessionally managed (optional to continue)Properties like this with solid income, upside potential, and highly desirable tenant featuresdon't last long in the Golden Hills area. Shown by appointment only.
    72 days
    on Zillow
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    455
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    15
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    Zillow last checked: 9 hours ago

    Listing updated: July 18, 2025 at 04:29am

    Listed by:

    Lola Traylor 805-570-9017,

    Property Star

    Source: TAAR,MLS#: 9992677Originating MLS: Tehachapi MLS
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    Facts & features

    Interior

    Interior area
    • Total structure area: 3,632
    • Total interior livable area: 3,632 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Open
    • Covered spaces: 4
    • Uncovered spaces: 2
    • Details: Open Parking
    Lot
    • Size: 0.25 Acres
    • Features: Level
    Details
    • Parcel number: 46813108
    • Zoning: R-3

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1992

    Utilities & green energy

    • Electric: SCE
    • Gas: Socalgas
    • Sewer: Septic
    • Water: Ghcsd

    Community & HOA

    Location
    • Region: Tehachapi

    Financial & listing details

    • Price per square foot: $204/sqft
    • Tax assessed value: $410,112
    • Annual tax amount: $5,484
    • Date on market: 6/3/2025
    • Total actual rent: 5010
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