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432 S Mill Street, Tehachapi, CA 93561

$2,400,000
  • 432 S Mill Street, Tehachapi, CA 93561 Main Photo

10 Photos

New to the Market Active
SQUARE FEET7,864 MLS#9993811
STATUSActive PROPERTY TYPECommercial - Business

Property Description

High-Yield, Long-Term Investment - Strong Cash Flow + National TenantExceptional 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 LandscapingMajor systems are in excellent condition, with roof life estimated at 10 remaining years and 8 HVAC units averaging only 6 years in age, creating a true low-maintenance, turn-key asset.Originally designed as a medical facility, the building features over 24 rooms including exam rooms, offices, labs, and reception areas, and is X-ray ready, reinforcing its long-term usability and tenant demand.Strategically located near downtown Tehachapi with strong accessibility, this asset benefits from consistent tenant demand in the medical and behavioral health sectorone of the most resilient commercial asset classes.Ideal for 1031 exchange buyers or investors seeking stable yield, long-term lease security, and minimal landlord responsibility.Do not disturb tenant or Discuss Sale With Tenant. All inquiries and showings by appointment only.

432 S Mill Street | MLS# 9993811

This commercial property located at 432 S Mill Street, Tehachapi, CA 93561 is currently listed for sale with an asking price of $2,400,000. Search Tehachapi real estate on www.cce-escrow.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 0.18 Acres
Year Built: 1974

Feature Descriptions

Days on Site: 3
Zoning: T-4.5 รข?? TCL

Listed By / Shown By

Listed By

Agency Name: 661-822-2387

Shown By

Agency Title: Watson Realty - Central California Escrow
Agency Phone: (661) 716-5000

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 04/03/2026. The listing information on this page last changed on 04/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 04/03/2026 12:40:41 AM EST) or CRMLS (last updated Fri 04/03/2026 12:28:23 AM EST) or GEMLS (last updated Thu 04/02/2026 11:13:26 PM EST) or Tehachapi MLS (last updated Thu 04/02/2026 11:00:40 PM EST). Real estate listings held by brokerage firms other than Watson Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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