2 months on rocket

2924 Claire St, Lake Isabella, CA, 93240

$1,199,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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2924 Claire St, Lake Isabella$1,199,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingCarport
Year Built1964
CoolingEvaporative Cooling
FireplaceFamily Room
ViewMountain(s)
MLS #SR24031139
Lot Size0.65 Acres
StatusActive

About 2924 Claire St

Don't miss out on your next investment opportunity! Priced at an attractive $119,900 per unit, this property has undergone over $240,000 in recent capital improvements, ensuring continuous appreciation in value. With the rise of remote work, tenants prioritize lifestyle over commuting, making locations like Lake Isabella highly desirable. Offering breathtaking mountain views, lake proximity, and abundant outdoor recreation, like hiking, boating, and fishing, this property truly distinguishes itself in the market. Moreover, with affordable rents and limited multi-family housing in the Kern River Valley, vacancies are rare. This meticulously maintained, 10-unit garden-style complex promises solid returns and substantial rental upside. Six units have undergone extensive renovations with upgrades such as new flooring, blinds, stylish cabinets, quartz countertops, and more, enabling rents to surpass $1,100 per month for 2-bedroom units. The property spans 8,656 square feet and includes 4 duplexes (each 2 bd/1 bath, approx. 826 sf), a 1 bd/1 bath unit (approx. 520 sf), and a 3 bd/1 bath house (approx. 1528 sf). Outside, relish in the tranquil community area with BBQ facilities, comfortable seating, and lush landscaping. With positive cash flow, a strong cap rate and GRM, plus significant upside potential, this opportunity is not to be missed. Contact us today for further details!

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage
  • Year Built: 1964
  • Stories: 1

Listing Office:

  • Office Name: Coldwell Banker Preferred Realtors
  • Office Phone: (661) 331-0598
  • Listing Agent: Laurie McCarty

Interior Features

Interior Information:

  • Appliances: Dishwasher, Gas Oven
  • Flooring Type: Vinyl
  • Fireplace: Family Room

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Mountain(s)

Parking Information:

  • Parking: Carport

Lot Features

Lot Information:

  • Lot Size: 0.65 Acres

Utilities

Utilities Information:

  • Cooling: Evaporative Cooling

School Info

Assigned Schools Information:

  • Kern Valley High School, Public District Grades 9-12
  • Woodrow Wallace Middle School, Public District Grades 5-8
  • Woodrow W. Wallace Elementary School, Public District Grades KG-4

Other

Directions Information:

  • Directions: Take CA-178 E/E 178 Fwy to Elizabeth Norris Rd in Lake Isabella. Take exit 42 from CA-178 E/E 178 Fwy. Continue on Elizabeth Norris Rd, turn left on Lake Isabella Blvd, turn right on Erskine Creek Rd and right on Claire St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,199,000

Tax Information:

  • Annual Amount: $2,780
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lake Isabella, CA.

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Lake Isabella, CA

City

Med. Sold Price

$210K

Med. Price/SqFt

$198

Avg. Days On Market

14

# of Sold Homes

2

2924 Claire St vs Lake Isabella

78 DAYS ON ROCKET

+64 Days

$1,199,000

+$989K More

KEY TAKEAWAY

This property is $989K more than the Median Sold Price in Lake Isabella, CA.

Based on homes sold in April 2024

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SR24031139

Listing Office:

  • Office Name: Coldwell Banker Preferred Realtors
  • Office Phone: (661) 331-0598
  • Listing Agent: Laurie McCarty

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 8:20:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 25, 2019Home Sold
$556,500
Jun 25, 2003Home Sold
$200,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,780$206,113
2020$2,661$204,000
2019$863$62,303
2018$856$61,082
2017$856$59,885

History based on county public records data.

Payment Calculator

$6,052

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,661

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4983417
3
/10

  • Woodrow W. Wallace Elementary School

  • 3240 Erskine Creek Rd

  • 0.48 miles

  • Public District Grades KG-4

Middle School

school-card-donut-4983418
4
/10

  • Woodrow Wallace Middle School

  • 3240 Erskine Creek Rd

  • 0.48 miles

  • Public District Grades 5-8

High School

school-card-donut-4983419
5
/10

  • Kern Valley High School

  • 3340 Erskine Creek Rd

  • 0.59 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,000. Most Lake Isabella, CA residents have annual incomes less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Kern County›Lake Isabella›93240›2924 Claire St

This home is located at 2924 Claire St in Lake Isabella, CA and zip code 93240. This home, which was built in 1964, sits on a 0.65 acre lot. It has been listed on Rocket Homes since February 14, 2024 and is currently priced at $1,199,000.

In April 2024 more than 0 listings in Lake Isabella, CA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below. The number of listings in Lake Isabella, CA increased by 4.5% between March 2024 and April 2024. In April 2024 median list price was $210,000 and the average listing age was 14 days.

From Rocket Homes Real Estate and based on county public records data.

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