Investment Opportunity in Mojave, CA Exceptional opportunity to own an 8-unit residential income property in the growing community of Mojave, California, offered at $650,000. Conveniently located near the Mojave Air & Space Port, Highway 14, and public transportation, this property offers strong upside potential for both investors and owner-operators. This unique multi-unit property features a desirable layout where most units do not share common walls, providing added privacy and a more desirable living experience for tenants. Two units are currently leased with excellent tenants already in place, creating immediate income while still leaving significant opportunity for future rental growth and value-add improvements. Property Highlights: 8 residential units with strong rental potential Convenient access to the 14 Freeway and public transportation Close proximity to Mojave Air & Space Port and local employers Many units offer private-style living with minimal shared walls Excellent opportunity for investors seeking long-term upside Notable Unit Features: 16039 L St - Spacious 2-bedroom unit featuring laundry hookups inside, a newer roof, and an updated kitchen and bathroom. 16049 L St Unit C - Fully renovated interior completed in 2025, including a newly remodeled kitchen and bathroom, plus in-unit laundry hookups. 16037 L St - Includes convenient in-unit laundry hookups. With strong future potential, flexible unit layouts, and continued growth in the Mojave area, this property presents an outstanding opportunity to add value and increase cash flow over time. Perfect for investors looking to capitalize on the expanding High Desert rental market.
For sale
$650,000
16039 L St, Mojave, CA 93501
10beds
8baths
3,863sqft
Multi Family
Built in 1944
-- sqft lot
$629,100 Zestimate®
$168/sqft
$-- HOA
What's special
Newer roofFully renovated interiorNewly remodeled kitchenUpdated kitchen
- 143 days
- 335
- 11
Zillow last checked:
Listing updated:
Listed by:
Virginia Meza DRE #01783201 818-522-4481,
J&V Real Estate Group Inc.
Source: GAVAR,MLS#: 26004021
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
Cooling
- Has cooling: Yes
Interior area
- Total structure area: 3,863
- Total interior livable area: 3,863 sqft
Property
Lot
- Size: 0.35 Acres
Details
- Parcel number: 23617205
- Zoning: R-3 Pd H F
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Shingle
Condition
- Year built: 1944
Community & HOA
Location
- Region: Mojave
Financial & listing details
- Price per square foot: $168/sqft
- Date on market: 5/20/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
$629,100
$598,000 - $661,000
$1,238/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2026 | Listed for sale | $650,000+13%$168/sqft |
Source: | ||
| 5/30/2025 | Listing removed | $1,450 |
Source: Zillow Rentals Report a problem | ||
| 5/10/2025 | Listed for rent | $1,450 |
Source: Zillow Rentals Report a problem | ||
| 3/31/2023 | Sold | $575,000-8%$149/sqft |
Source: | ||
| 1/18/2023 | Listed for sale | $625,000+92.3%$162/sqft |
Source: | ||
| 6/16/2022 | Pending sale | $325,000-13.3%$84/sqft |
Source: | ||
| 6/15/2022 | Price change | $375,000+15.4%$97/sqft |
Source: | ||
| 6/15/2022 | Listed for sale | $325,000-48%$84/sqft |
Source: | ||
| 3/1/2022 | Listing removed | -- |
Source: | ||
| 1/27/2022 | Price change | $625,000+66.7%$162/sqft |
Source: | ||
| 10/28/2021 | Price change | $375,000-40%$97/sqft |
Source: | ||
| 10/20/2021 | Price change | $625,000-7.4%$162/sqft |
Source: | ||
| 9/22/2021 | Listed for sale | $675,000+610.5%$175/sqft |
Source: | ||
| 4/7/2017 | Sold | $95,000-36.7%$25/sqft |
Source: | ||
| 3/25/2016 | Listing removed | $150,000$39/sqft |
Source: Watson Realty ERA #21503320 Report a problem | ||
| 1/17/2016 | Listed for sale | $150,000$39/sqft |
Source: Watson Realty ERA #21503320 Report a problem | ||
| 10/5/2015 | Pending sale | $150,000$39/sqft |
Source: Watson Realty ERA #21503320 Report a problem | ||
| 9/18/2015 | Listed for sale | $150,000$39/sqft |
Source: Watson Realty ERA #21503320 Report a problem | ||
| 4/9/2015 | Listing removed | $150,000$39/sqft |
Source: Watson Realty ERA #21503320 Report a problem | ||
| 3/25/2015 | Listed for sale | $150,000-24.2%$39/sqft |
Source: Watson Realty ERA #21503320 Report a problem | ||
| 3/24/2011 | Listing removed | $198,000$51/sqft |
Source: Owner Report a problem | ||
| 11/29/2010 | Price change | $198,000-32.9%$51/sqft |
Source: Owner Report a problem | ||
| 8/7/2010 | Listed for sale | $295,000$76/sqft |
Source: Owner Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment






