Apartment Buildings /CA /Kern County /Bakersfield /1601 Lotus Ln
Apartment Buildings /CA /Kern County /Bakersfield /1601 Lotus Ln

1601 Lotus Ln - Apartments FOR SALE


Bakersfield, CA 93307 | 
$6,700,000 USD
916-204-9804
1601 Lotus Ln, Bakersfield, CA for Sale
$6,700,000 USD
Apartments - FOR SALE
1/5
null | 5.43% Cap Rate
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1601 Lotus Ln
Bakersfield, CA 93307

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HIGHLIGHTS

  • IRS Section 42 LIHTC Restricted. Built in 2008 With Extended Use Restrictions on Regulatory Agreement for 55 Years.
  • Unique Opportunity to Purchase 70+ Units of 2008 Construction at well below Replacement Value
  • Excellent Unit Make Up With 36-Two-Bedrooms, 33-Three-Bedrooms, and 4-Four-Bedrooms

FOR SALE DETAILS

PRICE

$6,700,000 USD

PRICE/SF

$85 USD /SF

# OF UNITS

72

PRICE/UNIT

$93,056

CAP RATE

5.43%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

King Square Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2009

PARKING SPACES

81

LAND DETAILS

LAND ACRES

4.78 AC

LAND SF

208,217 SF

ZONING

R-2

APN/PARCEL ID

170-060-11-00-0

ASK ABOUT THIS PROPERTY

Isaak HeitzebergMarcus and Millichap Investment ServicesMore Info
916-204-9804

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Isaak HeitzebergMarcus and Millichap Investment ServicesMore Info
916-204-9804

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

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