701 Woodrow Ave - Residential Income FOR SALE


Bakersfield, CA 93308
$694,999 USD
661-376-0575
701 Woodrow Ave, Bakersfield, CA for Sale
$694,999 USD
Residential Income - FOR SALE
1/7
null | 5.4% Cap Rate

701 Woodrow Ave
Bakersfield, CA 93308


HIGHLIGHTS

  • 4 Units Completely Remodeled
  • Value-add Potential
  • High Rental Demand

OVERVIEW

Central Valley Property Advisors is thrilled to exclusively offer this five-unit multifamily property—a robust investment opportunity with strong upside potential. The property includes a desirable unit mix: one three-bedroom, one-bathroom unit; one two-bedroom, two bathroom unit; two one-bedroom, one-bathroom units; and a studio, catering to a variety of rental needs and maximizing tenant appeal. Four of the five units have been extensively remodeled, including two down-to-the-studs renovations and two full remodels. These units now feature upgrades like stucco work, vinyl flooring, windows, AC units, countertops, and modern appliances, offering tenants a high-end rental experience. The front house, freshly painted, presents a value-add opportunity with minor TLC. With current rents falling $400-$500 below market rates, there is clear potential for rental growth. Key capital improvements further enhance the property’s appeal, including a new main sewer line from the front house to the alley and recent updates to plumbing and electrical systems, ensuring reduced maintenance costs and solid long-term performance. This property is an ideal acquisition for investors seeking immediate cash flow along with significant rental upside in a dynamic and growing rental market.

FOR SALE DETAILS

PRICE

$694,999 USD

PRICE/SF

$233 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

RS

APN/PARCEL ID

113-042-12-00-4

ASK ABOUT THIS PROPERTY

Esteban ContrerasCentral Valley Property AdvisorsMore Info
661-376-0575

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Esteban ContrerasCentral Valley Property AdvisorsMore Info
661-376-0575

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