$2.28M

$2.28M

Est. $15,092/mo · 20% down · 6.5% · 30yr

432 S Mill Street, Tehachapi, CA, 93561

MLS# 202604641

Active
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7,864sqft
7,840lot sqft
1974built
43 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

💰

$2.28M

Price

🛏

0 bd

Bedrooms

📐

7,864 sqft

Living Area

🌿

7,840 sqft

Lot Size

🏗️

1974

Year Built

🚗

0 car

Garage

🏠

Commercial

Type

📅

43 days

Days Listed

✓ Active ListingTehachapi, CA 93561

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My Realty Company, Inc. dba My Mortgage Company · CA DRE #02161424 · NMLS #2263210

Omar L. Ortiz, Broker · CA DRE #02056548 · NMLS #951384
5500 Ming Ave, Ste 372, Bakersfield, CA 93309 · 661-543-HOME (661-543-4663)

Licensed by the California Department of Real Estate. Equal Housing Opportunity. NMLS Consumer Access

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Neighborhood Snapshot

Tehachapi · 93561

Market Stats

Active Listings

324

ZIP 93561

Median List Price

$300K

ZIP 93561

Avg Days on Market

87

Bakersfield avg

Sale / List Price

98.7%

avg ratio

432 S Mill Street, Tehachapi, CA, 93561

Listed by: Lindsay C Villalpondo, Miramar International Calloway

MLS#: 202604641 · Source: Bakersfield AOR · Updated: Apr 29, 2026

Based on information from Golden Empire MLS, Inc. (a subsidiary of Bakersfield Association of REALTORS®, Inc.). All data is obtained from various sources and has not been verified. Full disclaimer

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