615 Olive St - Multi-Family FOR SALE


Bakersfield, CA 93304- Oleander/Sunset
$430,000 USD
805-453-8353
615 Olive St, Bakersfield, CA for Sale
$430,000 USD
Multi-Family - FOR SALE
1/12
null | 6% Cap Rate

615 Olive St
Bakersfield, CA 93304
Oleander/Sunset


HIGHLIGHTS

  • 100% occupied — $3,640/mo actual income
  • All 2BD/1BA units with private areas
  • Main house remodeled, re-plumbed, new AC — all within last 10 years
  • Newer windows throughout, central AC/heat well-maintained
  • Corner lot in the historic Oleander neighborhood, minutes from downtown
  • Duplex plus standalone 2-bedroom home on one parcel ?????You said: Loopnet calculated an NOI after I punched in the Price GRM and Cap Rate

OVERVIEW

Three units, all leased, all paying..... and this one is sitting in the historic Oleander neighborhood just minutes from downtown Bakersfield! 615 Olive Street is a corner lot featuring a duplex PLUS a standalone 2-bedroom home — 100% occupied and generating $3,640 a month in actual rents right now. The main house has been remodeled, re-plumbed, updated, and had a new AC installed — all within the last 10 years. Newer windows throughout, central air and heat in well-maintained condition. This is not a fixer..... this is a ready-to-perform asset with solid tenants already in place. Corner lot position gives you more presence and more footprint than a standard interior lot at this price point. At $430,000 in one of Bakersfield's most coveted historic neighborhoods, this one is not going to last. 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

$430,000 USD

PRICE/SF

$207 USD /SF

# OF UNITS

3

PRICE/UNIT

$143,333

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

615 Olive Street

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R3

APN/PARCEL ID

007-381-09-00-4

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.