$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
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$17,867
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Neighborhood Snapshot
Tehachapi · 93561
Market Stats
Active Listings
128
ZIP 93561
Median List Price
$270K
ZIP 93561
Avg Days on Market
93
Bakersfield avg
Sale / List Price
297.7%
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
EC Rosa Jr
Realtor® · DRE #02084272
Contact EC directly about this property.
Call EC directly
6614960316