$2.28M

$2.28M

Est. $15,092/mo · 20% down · 6.5% · 30yr

432 S Mill Street, Tehachapi, CA, 93561

MLS# 202604641

Active
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7,864sqft
7,840lot sqft
1974built
43 days on market

About this home

High-Yield, Long-Term Investment - Strong Cash Flow + National Tenant Exceptional opportunity to acquire a solid, income-producing medical office asset in the growing Tehachapi market. This 7,864 SF free-standing building sits on 0.6 acres with ample parking (separate APN) and is fully leased to a well-established national behavioral health organization. The property is secured by a long-term 11-year lease structure (5 + 3 + 3), delivering predictable, passive income from day one. Current financials show $13,400/month gross income with approximately $10,800/month net, offering strong in-place returns with minimal management requirements. Recent capital improvements totaling approximately $250,000 significantly reduce deferred maintenance and future capital expenditures, including: -Full renovation of 6 restrooms -Electrical system upgrades -New carpet throughout -Complete interior and exterior repaint -Updated Landscaping Major systems are in excellent condition!

Property Details

💰

$2.28M

Price

🛏

0 bd

Bedrooms

📐

7,864 sqft

Living Area

🌿

7,840 sqft

Lot Size

🏗️

1974

Year Built

🚗

0 car

Garage

🏠

Commercial

Type

📅

43 days

Days Listed

✓ Active ListingTehachapi, CA 93561

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Loan Type

Loan Term

$2,280,000
%
3%50%
$114,000 down
%
3%12%
%
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Total Monthly (PITI+MI)

$16,980

Principal · Interest · Taxes · Insurance · MI

Principal & Interest$13,691
Property Taxes / mo$2,375
Home Insurance / mo$120
PMI (Mortgage Insurance)$794
Total Est. Payment$16,980
LTV95.0% · MI Required
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Neighborhood Snapshot

Tehachapi · 93561

Market Stats

Active Listings

343

ZIP 93561

Median List Price

$196K

ZIP 93561

Avg Days on Market

97

Bakersfield avg

Sale / List Price

97.9%

avg ratio

432 S Mill Street, Tehachapi, CA, 93561

Listed by: Lindsay C Villalpondo, Miramar International Calloway

MLS#: 202604641

Based on information from CRMLS. All data is obtained from various sources and has not been verified. Full disclaimer

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