3604 Panama Ln - Apartments FOR SALE


Bakersfield, CA 93313- Venola
$712,500 USD
661-331-9555
3604 Panama Ln, Bakersfield, CA for Sale
$712,500 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

3604 Panama Ln
Bakersfield, CA 93313
Venola


HIGHLIGHTS

  • 3604 Panama Lane is a five-unit apartment building with garage-covered and uncovered parking.
  • Close to area amenities, including local shopping centers, restaurants, and thoroughfares.
  • The apartment building has a strong occupancy history, presenting a stabilized, income-generating investment opportunity.
  • Each unit is two stories and offers residents a flexible and spacious unit layout.

OVERVIEW

3604 Panama Lane is a five-unit apartment building spanning 4,837 square feet on a 0.29-acre lot. Each unit is two stories and has garage-covered and uncovered parking. The unit mix consists of two bedrooms and one-and-a-half baths. The asset is off State Route 99, which provides easy connectivity to the surrounding Bakersfield metro. Convenient retailers nearby include Costco Wholesale, WinCo Foods, Walmart Supercenter, Sam’s Club, Sprout’s Farmers Market, and more. Downtown Bakersfield is just eight miles North.

FOR SALE DETAILS

PRICE

$712,500 USD

PRICE/SF

$147 USD /SF

# OF UNITS

5

PRICE/UNIT

$142,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

R-2

APN/PARCEL ID

371-352-13-00-9

ASK ABOUT THIS PROPERTY

Michael FreedmanAmerican Real Estate & PropertyMore Info
661-331-9555

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Michael FreedmanAmerican Real Estate & PropertyMore Info
661-331-9555

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