$2.40M

$2.40M

Est. $15,886/mo · 20% down · 6.5% · 30yr

432 S Mill Street, Tehachapi, CA, 93561

Active
0beds
7,864sqft
7,840lot sqft
1974built
1 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

💰

$2.40M

Price

🛏

0 bd

Bedrooms

📐

7,864 sqft

Living Area

🌿

7,840 sqft

Lot Size

🏗️

1974

Year Built

🏠

Commercial

Type

📅

1 days

Days Listed

✓ Active ListingTehachapi, CA 93561

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Loan Type

Loan Term

$2,400,000
%
3%50%
$120,000 down
%
3%12%
%
$
$

Total Monthly (PITI+MI)

$17,867

Principal · Interest · Taxes · Insurance · MI

Principal & Interest$14,411
Property Taxes / mo$2,500
Home Insurance / mo$120
PMI (Mortgage Insurance)$836
Total Est. Payment$17,867
LTV95.0% · MI Required
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Neighborhood Snapshot

Tehachapi · 93561

Market Stats

Active Listings

126

ZIP 93561

Median List Price

$285K

ZIP 93561

Avg Days on Market

91

Bakersfield avg

Sale / List Price

97.9%

avg ratio

Nearby Schools

🏫 Elementary

Tompkins Elementary School

🏫 Middle School

Jacobsen Middle School

🏫 High School

Monroe High School

🏫 School

Saint Malachys School

Nearby Amenities

🏪 Convenience

  • Texaco
  • Chevron

🍽️ Restaurant

  • Red House BBQ
  • Taco Samich

🍔 Dining

  • Burger King
  • Taco Bell

💊 Pharmacy

  • Walgreens
  • Rite Aid

🛒 Grocery

  • Albertsons
  • Save Mart

🌳 Park

  • Philip Marx Central Park
  • West Park
  • Meadowbrook Park

432 S Mill Street, Tehachapi, CA, 93561

Listed by: Lindsay C Villalpondo, Miramar International Calloway

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

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