$2.28M
Est. $15,092/mo · 20% down · 6.5% · 30yr
432 S Mill Street, Tehachapi, CA, 93561
MLS# 202604641






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
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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
Location
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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