432 S Mill Street Tehachapi, CA $ 2,400,000
432 S Mill Street
$ 2,400,000
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432 S Mill Street

Tehachapi, CA, 93561
$ 2,400,000
Bedrooms-- Baths-- Sq 7,864

Monthly Estimate*

$ 14,777

432 S Mill Street, Tehachapi, CA 93561 - Image 1
432 S Mill Street, Tehachapi, CA 93561 - Image 2
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Commercial Property for sale in Tehachapi, CA

for $2,400,000. This 7,864 square foot building was built in 1974 on a lot size of 0.18.

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!

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Commercial Active

Price

$ 2,400,000

Property Type

Commercial

Taxes

$ 0

Style

Commercial

Lot Size

0.18

Year Built

1974

Town/City

Tehachapi

County/Region

Kern

MLS | Web ID

202604641

Features
General
Living Area 7864.00
Year Built 1974
Subdivision The Paulys Addition
Stories Count 0
Property Subtype Commercial
Parcel Number 04007020
County Kern
Net Operating Income 129600.00
Property Type Commercial / Ind.
Close Price 0.00
Status Active
City Tehachapi
Zoning Description T-4.5 - TCL
MLS Area 80
Lot Size Units SqFt
Lot Size Square Feet 7840.00
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Exterior
Lot Size Acres 0.1800
Lot Size Source (Public Record)
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Internal Only
Street Number 1 432
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* Excluded Features
List By
Lindsay C. Villalpondo

Listing Agent

Miramar International Calloway

Broker

realtorlindsayv@gmail.com

Email

Affordability Calculator

$14,777
Per Month
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Monthly Principal & Interest
$14,777
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1904930 Elementary School
1905132 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/29/2026$2,400,000 Listed Price

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432 S Mill Street, Tehachapi, CA, 93561 is a Commercial Property for sale at $2,400,000 with 7,864 sqft and a lot size of 0.18. 432 S Mill Street was built in 1974. The property's zip code is 93561 which is in Tehachapi, CA