515 Wilson Ave - Multi-Family FOR SALE


Bakersfield, CA 93308- Outer NW Bakersfield
$315,000 USD
805-453-8353
515 Wilson Ave, Bakersfield, CA for Sale
$315,000 USD
Multi-Family - FOR SALE
1/34
null | 8.09% Cap Rate

515 Wilson Ave
Bakersfield, CA 93308
Outer NW Bakersfield


HIGHLIGHTS

  • Long-term tenants who have kept the property in excellent condition
  • Large, remodeled basement in the main house
  • Fully fenced, private rear one-bedroom with its own driveway
  • Hold as investment or convert to owner-occupied
  • Long tandem-parking driveways serve both residences
  • Central Oildale location, easy access to Hwy 99 & N. Chester Ave

OVERVIEW

515 Wilson Ave is a two-residence investment opportunity in Oildale, Bakersfield, offered at $315,000. The property consists of a main house and a fully independent rear one-bedroom residence, both currently occupied. Main House: Originally built in 1930 as a 2-bedroom, 1-bathroom residence per Kern County Assessor records (980 SF). The current owner completed several modifications, including converting the original front porch into an enclosed interior living space, and adding a third bedroom with a small en-suite bathroom off the dining room. These additions expand the home's functional living space beyond its assessor-recorded footprint. Rear One-Bedroom: A separate, fully fenced residence was constructed at the rear of the lot, built from the ground up without permits and not reflected in County Assessor records. This unit includes its own kitchen, bedroom, and en-suite bathroom, and is completely independent from the main house — separate entrance, separate fencing, and its own private driveway for tandem parking. Both residences are currently occupied. All income and expense figures reflected in this listing are proforma estimates. Buyer and buyer's agent are responsible for independently verifying square footage, permit status, unit legality, zoning compliance, and all other information prior to submitting an offer. Property sold as-is.

FOR SALE DETAILS

PRICE

$315,000 USD

PRICE/SF

$321 USD /SF

# OF UNITS

2

PRICE/UNIT

$157,500

CAP RATE

8.09%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

515 Wilson Ave

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,662 SF

ZONING

R3

APN/PARCEL ID

113-082-05-00-6

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.