$2.40M
Est. $15,886/mo · 20% down · 6.5% · 30yr
432 S Mill Street, Tehachapi, CA, 93561
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
Mortgage Calculator
Estimate your full monthly payment including taxes, insurance & PMI/MIP.
Loan Type
Loan Term
Total Monthly (PITI+MI)
$17,867
Principal · Interest · Taxes · Insurance · MI
Powered by My Mortgage Company
For illustration only. Actual rates, payments, and terms vary. Contact a licensed mortgage professional for an official loan estimate.
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
Location
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
Interested in this home?
Our agents know every pocket of Kern County.
Or call us directly
(661) 543-4663