1601 Jefferson St - Apartments FOR SALE


Bakersfield, CA 93305- East Bakersfield
$1,425,000 USD
419-206-7117
1601 Jefferson St, Bakersfield, CA for Sale
$1,425,000 USD
Apartments - FOR SALE
1/16
null | 7.51% Cap Rate

1601 Jefferson St
Bakersfield, CA 93305
East Bakersfield


HIGHLIGHTS

  • Close proximity to school
  • Laundry room on property

OVERVIEW

13-Unit Multifamily Investment Opportunity – Bakersfield, CA Located at 1601, 1603, and 1605 Jefferson Street, Bakersfield, CA 93305, this 13-unit multifamily investment offers strong in-place cash flow with additional upside potential in one of California’s most affordable rental markets. The property consists of a desirable mix of spacious one-bedroom and two-bedroom units situated across two parcels totaling approximately 18,776 square feet. With approximately 9,866 rentable square feet, the property was constructed in phases between 1961 and 1980, with additional improvements completed in 1986. The unit mix is well-positioned to meet consistent workforce housing demand, with the majority of units configured as two-bedroom apartments. This asset presents an attractive opportunity for investors seeking stable income and long-term growth potential. Contact us today for additional details.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$360 USD /SF

# OF UNITS

13

PRICE/UNIT

$109,615

CAP RATE

7.51%

% LEASED

3%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1601-1605 Jefferson St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R-3

APN/PARCEL ID

128-160-09-00-8,128-160-10-00-9

ASK ABOUT THIS PROPERTY

Eric Van DenkCentral Valley Property AdvisorsMore Info
419-206-7117

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Eric Van DenkCentral Valley Property AdvisorsMore Info
419-206-7117

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