4023 O St - Apartments FOR SALE


Bakersfield, CA 93301- Homaker Park
$2,100,000 USD
661-463-8186
4023 O St, Bakersfield, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

4023 O St
Bakersfield, CA 93301
Homaker Park


HIGHLIGHTS

  • Approved city plans and entitlements in place for a new 22-unit multifamily development, unlocking significant upside potential.
  • Allows investors to generate immediate cash flow while preparing for high-density redevelopment.
  • Strategically located on a large 1.3-acre parcel in Bakersfield with favorable zoning for multifamily use.
  • Builds on existing infrastructure and approvals, saving upfront development time and reducing entitlement risks.
  • Centrally located with easy access to neighborhood amenities, schools, and major employment areas.

OVERVIEW

GREAT Investment opportunity to acquire a 7-unit apartment portfolio spanning two well-maintained buildings one 4-plex and one triplex situated on a large parcel with a vacant rear lot fully approved for 22 additional units.The included vacant rear lot comes with city approvals and plans in place for a new 22-unit multifamily development, giving investors or developers the rare ability to generate immediate cash flow from the existing 7 units while moving forward with an expansion project that dramatically increases density and long-term returns.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$344 USD /SF

# OF UNITS

7

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

-

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

1.05 AC

LAND SF

45,738 SF

ZONING

R-3

APN/PARCEL ID

120-040-01-00-0

ASK ABOUT THIS PROPERTY

Eric MoraThe Mora Partners, Inc.More Info
661-463-8186

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Eric MoraThe Mora Partners, Inc.More Info
661-463-8186

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