1316 E California Ave - Apartments FOR SALE


Bakersfield, CA 93307- East Bakersfield
$649,500 USD
661-230-6411
1316 E California Ave, Bakersfield, CA for Sale
$649,500 USD
Apartments - FOR SALE
1/20
null | 5.93% Cap Rate

1316 E California Ave
Bakersfield, CA 93307
East Bakersfield


HIGHLIGHTS

  • Most of property upgraded in 2016
  • Tenants pay their own gas electric utilities
  • Dual Pane windows, AC units serviced regularly, mostly granite countertops and tile floors

OVERVIEW

Excellent Bakersfield 4-plex offering in Central/East Bakersfield with $5245/month rents, and a 10.3 GRM! Each unit is a 3 bedroom/1 bath unit with rents ranging from $1245 to $1350. Tenants all paying timely rents, and pay their own gas and electric bills. Still 10% upside on the rents to make your investment even sweeter! C and D units were remodeled just 2 years ago with granite countertops, fresh paint walls/cabinets, tile floors,appliances. Units have central air/heating, W/D hookups, dual-pane windows. Unit A possibly to make a move in April, gives buyer an opportunity to OWNER OCCUPY or pick a tenant of their choice, captivating a full market rent! Happy, clean tenants. Modern 100-Amp electric so no insurance issues. AC units are serviced every year-are believed to all be 10 years old or newer. The new roof is estimated at 2016 install. 3932 SF AS PER PUBLIC RECORD.

FOR SALE DETAILS

PRICE

$649,500 USD

PRICE/SF

$165 USD /SF

# OF UNITS

4

PRICE/UNIT

$162,375

CAP RATE

5.93%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,668 SF

ZONING

C-2

APN/PARCEL ID

017-360-10-00-6

ASK ABOUT THIS PROPERTY

Philip JordanJordan Apartment GuysMore Info
661-230-6411

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Philip JordanJordan Apartment GuysMore Info
661-230-6411

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