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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.

  • Year Built
    1944
  • Stories
    1.0
  • Garage Spaces
    0.0
  • Appliances
    Gas Range
  • Pool Features
    None
  • Cooling
    EnergyStar Qualified Equipment
  • Heating
    EnergyStar Qualified Equipment

  • Acres
    0.3526
  • Lot Features
    Zero To One Unit Acre
  • View
    Neighborhood
  • Utilities
    Sewer Connected, Water Connected
  • Water
    Public

  • Area
    MOJV - Mojave
  • County
    Kern
  • City
    Mojave
  • Zip Code
    93501

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Frequently Asked Questions

How do I schedule a tour of 16039 L?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 16039 L.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 16039 L?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $650,000. We can talk through recent upgrades, potential seller motivation, how this apartment compares to others in Mojave, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 16039 L?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 16039 L at around $3,524. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 16039 L?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Kern County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 16039 L?

In most cases, yes. Whether 16039 L is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Mojave's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 16039 L?

We can handle that for you. Our preferred local agent specializes in residential incomes in Mojave and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $650,000 with 3,863 sqft of space—that comes out to approximately $168 per square foot.

How long has this property been on the market?

16039 L was listed on May 18, 2026, which means it's been on the market for 173 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1944, making it approximately 82 years old.

What is the lot size of this property?

16039 L sits on a 0.35-acre lot, which is 15,246 square feet.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $0.

Is 16039 L still available for sale?

This home is pending sale, which means the seller has accepted an offer. You can favorite it to track status or ask our expert to help you find similar homes in this area. We'll also let you know if this property comes back on the market.

Source: ez Home Search, MLS Data

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Based on information from California Regional Multiple Listing Service as of November 07, 2026 at 09:08AM 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. Properties may or may not be listed by the office/agent presenting the information. This information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Last Updated: November 07, 2026 at 09:08AM | Source: California Regional Multiple Listing Service | MLS#: SR26108389