420-426 Real Rd - Apartments FOR SALE


Bakersfield, CA 93309- Wible Orchard
$9,500,000 USD
714-423-3819
420-426 Real Rd, Bakersfield, CA for Sale
$9,500,000 USD
Apartments - FOR SALE
1/15
null | 6.86% Cap Rate

420-426 Real Rd
Bakersfield, CA 93309
Wible Orchard


HIGHLIGHTS

  • ProForma CAP Rate of 6.86% With a ProForma GRM of 9.10. Current CAP Rate of 6.02%.
  • Located 8 minutes from Cal State University Bakersfield (3.5 Miles).CSUB has a faculty of 1,100+, With an impressive enrollment of over 1,000 Students
  • Easy Freeway Access to Hwy 99 & Hwy 58. The Property Also Has Abundant Public Transportation Access.
  • Unit Amenities include: Secure Covered Parking, Private Patios, Onsite Laundry, Additional Storage, A/C, Large Closets, and Renovated Units.

OVERVIEW

The Chateau Villa Apartments were built in 1963 and is located at 420-426 South Real Road, Bakersfield, CA. 93309. The apartment community is composed of 15 buildings and possesses an attractive unit mix of 64 two bedroom units. 426 South Real Rd. consist of 12 units that are approximately 100 sq ft. larger in size with central air and heat. The property has recent improvements such as; new septic pumps, renovated units to include but not limited to; flooring, paint, and fixtures. All units feature spacious living rooms and bedrooms, balconies / patios, play areas, storage and covered parking. Each unit is individually metered for gas and electric.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$183 USD /SF

# OF UNITS

64

PRICE/UNIT

$148,438

CAP RATE

6.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chateau Villa Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

64

LAND DETAILS

LAND ACRES

3.17 AC

LAND SF

138,085 SF

ZONING

R-3

APN/PARCEL ID

149-240-12-00-9,149-240-13-00-2,149-240-14-00-5

ASK ABOUT THIS PROPERTY

Anthony LeLe Investment GroupMore Info
714-423-3819

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Anthony LeLe Investment GroupMore Info
714-423-3819

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