4320 Columbus st - Apartments FOR SALE


Bakersfield, CA 93306- Outer East Bakersfield
$980,000 USD
805-453-8353
4320 Columbus st, Bakersfield, CA for Sale
$980,000 USD
Apartments - FOR SALE
1/9
null | 6.76% Cap Rate

4320 Columbus st
Bakersfield, CA 93306
Outer East Bakersfield


HIGHLIGHTS

  • Two 4-plex buildings on one parcel
  • Located near Bakersfield College — strong, consistent rental demand
  • Private yard areas per unit
  • Covered carport parking
  • On-site laundry room
  • Central A/C (6 of 8 units replaced within last 6 years)

OVERVIEW

Two well-maintained 4-plex buildings on one parcel..... 8 units, 100% occupied, and generating $8,960 a month in ACTUAL gross income right now! 4320 Columbus Street is a turnkey cash flow investment sitting in the desirable 93306 corridor near Bakersfield College — strong rental demand, quality tenants, and day one income with no lease-up required. Here is what really gets me excited about this one..... current rents are BELOW market. Actual rents are running $1,050–$1,250 per unit against a market rate of $1,250–$1,300. As leases turn, you bring rents up without spending a dollar on improvements. That is built-in upside sitting there waiting for you at closing. All 8 units are 2BD/1BA with private yard areas, covered carport parking, and a common area between buildings. On-site laundry room adds extra income and keeps tenants happy. 6 of the 8 central AC units are 6 years old or newer — low near-term cap ex on a critical system. Strong cash flow, strong demand, strong market..... this one checks all the boxes! Call or text Phil at (805) 453-8353 or email phil@jordanapartmentguys.com. Rents are ACTUAL; expenses are PROJECTED. Drive-by only — do not disturb tenants. Subject to interior inspection.

FOR SALE DETAILS

PRICE

$980,000 USD

PRICE/SF

$155 USD /SF

# OF UNITS

8

PRICE/UNIT

$122,500

CAP RATE

6.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4320 Columbus Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

R3

APN/PARCEL ID

146-060-07-00-2

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.