8400 White Rock Dr - Apartments FOR SALE


Bakersfield, CA 93312- Pheasant Run
$23,000,000 USD
661-616-3585
8400 White Rock Dr, Bakersfield, CA for Sale
$23,000,000 USD
Apartments - FOR SALE
1/31
null | 5.28% Cap Rate

8400 White Rock Dr
Bakersfield, CA 93312
Pheasant Run


HIGHLIGHTS

  • One of the most desirable apartment communities in Bakersfield and the Central Valley
  • Quality construction of 2 and 3 bedroom units with attached 2 car-garages for each unit
  • A plus location that resides between SW and NW Bakersfield. Close to all major shopping and CSUB

OVERVIEW

The offering consists of the 20 fourplex buildings (80 units – on 20 individual parcel lots) retained by the developer for his personal investment portfolio. An additional 20 fourplex buildings within the community are individually owned by private investors, further validating the long-term desirability and investment strength of the project. Each fourplex is comprised of two 3-bedroom/2-bath units averaging approximately 1,400 square feet and two 2-bedroom/2-bath units averaging approximately 1,120 square feet. All units aresingle-story and feature attached two-car garages with direct interior access. Unit amenities include in-unit laundry, fireplaces, dishwashers, microwaves, walk-in closets, 10-foot ceilings, and covered patios—features far more commonly associated with single-family homes than traditional multifamily housing. Residents also benefit from an extensive amenity package rarely found in fourplex communities, including a gated entrance, professionally staffed leasing office, clubhouse with kitchen facilities, swimming pool, spa, fitness center, and private community park. The property is maintained to an exceptionally high standard through an HOA structure that preserves the integrity and appearance of the community while enhancing long-term asset value.

FOR SALE DETAILS

PRICE

$23,000,000 USD

PRICE/SF

$99 USD /SF

# OF UNITS

80

PRICE/UNIT

$287,500

CAP RATE

5.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jasmine Parke Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

PARKING SPACES

40

LAND DETAILS

LAND ACRES

17.68 AC

LAND SF

769,936 SF

ZONING

R-1

APN/PARCEL ID

501-221-05-00-8,501-221-06-00-1

ASK ABOUT THIS PROPERTY

Marc ThurstonMarc A. Thurston Apartment Real EstateMore Info
661-616-3585

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Marc ThurstonMarc A. Thurston Apartment Real EstateMore Info
661-616-3585

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