9820 Greenacres Dr - Apartments FOR SALE


Bakersfield, CA 93312- Greenacres
$619,000 USD
661-932-6677
9820 Greenacres Dr, Bakersfield, CA for Sale
$619,000 USD
Apartments - FOR SALE
1/14
null | 6.69% Cap Rate

9820 Greenacres Dr
Bakersfield, CA 93312
Greenacres


HIGHLIGHTS

  • Three-unit residential income property with a pool on an expansive 0.58-acre lot.
  • Located in a desirable northwest Bakersfield area, close to Rosedale and Calloway.
  • Strong current income with a gross rent multiplier of 10.98 and annual net income over $41,000.
  • Functional layouts including a 2-bedroom main house and two 1-bedroom units, each with dedicated baths and laundry hookups.
  • Features include central air conditioning, uncovered parking, and brick/stucco construction with a composition roof.
  • Ideal for investors seeking a well-performing property with room for value-add potential.

OVERVIEW

This income-producing property offers a rare opportunity to acquire three residential units on a large lot of over half an acre with a pool. Located in the desirable northwest Bakersfield neighborhood near Rosedale and Calloway, the property provides a balance of stability and flexibility for investors. Each unit is individually metered and well-configured for long-term occupancy. The front home includes two bedrooms and one full bath with laundry facilities, while the other two units feature one bedroom and one bath each. Outdoor amenities include a pool and ample uncovered parking on a spacious lot, providing both tenant appeal and operational efficiency. Current gross scheduled income is strong, paired with a low 5% vacancy assumption and annual net income exceeding $41,000. With existing income and future potential through upgrades or market rent adjustments, this asset stands as an attractive option for portfolio growth. Seller intends to complete a 1031 exchange, making this a strategic acquisition opportunity for exchange buyers and seasoned investors alike.

FOR SALE DETAILS

PRICE

$619,000 USD

PRICE/SF

$456 USD /SF

# OF UNITS

3

PRICE/UNIT

$206,333

CAP RATE

6.69%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

R-1

APN/PARCEL ID

110-030-26-00-7

ASK ABOUT THIS PROPERTY

Jason MossMoss Real EstateMore Info
661-932-6677

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Jason MossMoss Real EstateMore Info
661-932-6677

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