1316 E California Ave - Apartments FOR SALE


Bakersfield, CA 93307- East Bakersfield
$629,000 USD
805-453-8353
1316 E California Ave, Bakersfield, CA for Sale
$629,000 USD
Apartments - FOR SALE
1/30
null | 5.84% Cap Rate

1316 E California Ave
Bakersfield, CA 93307
East Bakersfield


HIGHLIGHTS

  • Minutes from Downtown Bakersfield
  • Modern 100-Amp electrical
  • Central air/heat and W/D hookups in every unit
  • Two units recently renovated
  • Immediate upside via vacant unit
  • Tenant-paid utilities

OVERVIEW

Bakersfield 4-plex in Central/East Bakersfield, offering $5,100/month in current rents with onev acant unit for upside or owner-occupancy. Each unit is a 3 bedroom/1 bath; Units C and Dwere remodeled with granite countertops, fresh paint, and updated appliances. Central air/heating, W/D hook-ups, tile floors, and dual-pane windows throughout. Modern 100-Ampelectric. AC units serviced annually. Roof estimated 2016 install. 3,932 SF per public record. Rents are actual, expenses are proforma.

FOR SALE DETAILS

PRICE

$629,000 USD

PRICE/SF

$160 USD /SF

# OF UNITS

4

PRICE/UNIT

$157,250

CAP RATE

5.84%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,668 SF

ZONING

C-2

APN/PARCEL ID

017-360-10-00-6

ASK ABOUT THIS PROPERTY

Philip JordanJordan Apartment GuysMore Info
805-453-8353

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Philip JordanJordan Apartment GuysMore Info
805-453-8353

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.