16218 Mil Potrero Highway

    Pine Mountain Club, CA 93222
    • $538,950
    • STATUS: Active
    • ON SITE: 121 days
    • ID#: SR19064980
    UPDATED: 6 min ago
    $538,950
    • 0
      BEDS
    • 0.05
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,100
      SQFT
    • $131
      $/SQFT
    Type:
    Commercial
    Built:
    1973
    County:

    School Ratings & Info

    Description

    8 Unit Commercial Office Building fully rented bringing in $4,300 monthly with 8.00% cap rate, very low maintenance with business tenants (real estate , internet co. & contractor), most with long term leases. Located in popular Pine Mountain Club, approx. 1 1/2 hours north of Hollywood & Los Angeles, area showing signs of new build growth, price increases & popularity for surrounding cabin homes, the annual festivals, events, golf, tennis, hiking & the changing seasons. Building was previously featured in TV Series with open contract for possible future filming (buyer to verify), also sits off the main highway entering community (high visibility) front & back parking, next to gas station, local market & sports bar. Improvements made, new roof, new windows & laminated floors in some units. Building has 2 meters, some skylights, a small loft, stone fireplace, bathrooms & end unit with own shower. Amazing views from building to mountains, golf course, small lake & club house.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-07-23T18:38:36.87. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.discoverslocountyrealestate.com/homes/92975332

    16218 Mil Potrero Highway Pine Mountain Club, CA 93222

    • Price: $538,950
    • Status: Active
    • Updated: 6 min ago
    • ID#: SR19064980
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.05
    Acres
    4,100
    SQFT
    $131
    $/SQFT
    1973
    Built
    Neighborhood:
    PMCL - Pine Mountain Club
    County:
    Kern
    Area:
    PMCL - Pine Mountain Club
    Property Description
    8 Unit Commercial Office Building fully rented bringing in $4,300 monthly with 8.00% cap rate, very low maintenance with business tenants (real estate , internet co. & contractor), most with long term leases. Located in popular Pine Mountain Club, approx. 1 1/2 hours north of Hollywood & Los Angeles, area showing signs of new build growth, price increases & popularity for surrounding cabin homes, the annual festivals, events, golf, tennis, hiking & the changing seasons. Building was previously featured in TV Series with open contract for possible future filming (buyer to verify), also sits off the main highway entering community (high visibility) front & back parking, next to gas station, local market & sports bar. Improvements made, new roof, new windows & laminated floors in some units. Building has 2 meters, some skylights, a small loft, stone fireplace, bathrooms & end unit with own shower. Amazing views from building to mountains, golf course, small lake & club house.
    Exterior Features

    Construction Materials Drywall WallsFrameWood Siding Fence YN No Fencing None Lot Features 0-1 Unit/AcreClose To ClubhousePavedWalkstreet Lot Size Source Assessor Lot Size Units Square Feet Roof CompositionShingle Waterfront Features Fishing in CommunityPond

    Interior Features

    Building Features Phone SystemTv System Condo Area Units Square Feet Cooling Wall/Window Unit(S)Heat Pump Cooling YN Yes Heating Heat PumpWoodFireplace(S) Heating YN Yes Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Anchors Co Tenants 1 Asset Class Office Building Area Units Square Feet Building Name Real Estate Building Status Existing Business Type AccountingComputerConstruction/ContractorReal Estate Country Us Current Use Comments Business Tenants Insurance Expense 1462.00 Investment Property YN Yes Land Lease YN No Land Use OfficeRetail Laundry YN No Leasable Area Units Square Feet Lease Considered YN No Living Area Source Owner Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 6 Occupancy Occupied Other Expense 840.00 Property Sub Type Office Real Estate Tax Expense 3025.00 Security Features 24 Hour SecuritySecurity Lights Special Listing Conditions Standard Tax Rate 1.21 Utilities Cable ConnectedElectricity ConnectedPhone ConnectedPropaneWater Connected Water Sewer Expense 480.00 Water Source Private Year Built Source Assessor Zoning C-2 Pd

    Listing provided courtesy of Javier Alvarez of Rodeo Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-07-23T18:38:36.87. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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