4300 Columbus St - Apartments FOR SALE


Bakersfield, CA 93306
$930,000 USD
619-309-9559
4300 Columbus St, Bakersfield, CA for Sale
$930,000 USD
Apartments - FOR SALE
1/8
null | 6.77% Cap Rate

4300 Columbus St
Bakersfield, CA 93306


HIGHLIGHTS

  • Well Maintained -Courtyard Single Level- 8 Residential Units with Covered Parking off Alley - All units with A/C -(Gas & Elect metered Sep)
  • Great Unit Mix, On Site Laundry, Each Unit with Extra storage unit. 4300 has 4 (Two Bedrooms) and 4 (One) Bedroom Units
  • Convenient Location, Schools, Shopping, Restaurants, Parks, Public Transportation- Complete next door for sale too! Could buy all 16 units,

OVERVIEW

The Franklin Plaza Apartments at 4300 Columbus represent an exceptional investment opportunity in Bakersfield's thriving Northeast neighborhood. This well maintained 8-unit residential complex offers a rare combination of prime location and strong unit mix of 1 & 2 Bedroom Units. Situated within walking distance of community amenities including the local community college, shopping centers, schools, parks and public transportation, The property appeals to a wide range of potential tenants. The single-story courtyard buildings features modern conveniences such as dual-pane windows, individual A/C units, skylights, and private storage closets, community laundry, units ensuring both comfort and functionality. Sitting above Columbus St. the central grass courtyard and covered parking off alley further enhance the property's attractiveness, making it a standout option in Bakersfield's competitive rental market. With the adjacent property at 4236 Columbus also available for sale, this presents a unique opportunity for expanded investment potential. See attachment. 4 Two Bedroom and 4 One Bedroom Units. See Brochure -- Call Stephanie for more information. Nestled in the heart of California's San Joaquin Valley, Bakersfield offers a compelling blend of affordability, economic opportunity, and strategic location. As the ninth-largest city in California, Bakersfield has emerged as a dynamic market for real estate investors and residents alike. The city's diverse economy, anchored by agriculture, energy production, and a growing services sector, provides a stable economic foundation. With its relatively low cost of living compared to coastal California cities, Bakersfield attracts both professionals seeking career opportunities and investors looking for promising real estate investments.

FOR SALE DETAILS

PRICE

$930,000 USD

PRICE/SF

$148 USD /SF

# OF UNITS

8

PRICE/UNIT

$116,250

CAP RATE

6.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Franklin Plaza Apartments 4300

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,395 SF

ZONING

R-3

APN/PARCEL ID

146-060-08-00-5

ASK ABOUT THIS PROPERTY

Judy PrestonJP Equity Real Estate Corp.More Info
619-309-9559

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Judy PrestonJP Equity Real Estate Corp.More Info
619-309-9559

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