931 Monterey St - Apartments FOR SALE


Bakersfield, CA 93305
$1,125,000 USD
661-631-3819
931 Monterey St, Bakersfield, CA for Sale
$1,125,000 USD
Apartments - FOR SALE
1/24
null | 8.43% Cap Rate

931 Monterey St
Bakersfield, CA 93305


HIGHLIGHTS

  • 4-bedroom 2 bath per unit
  • Low Vacancy
  • Section 8 tenancy
  • Each tenant prequalified by Housing Authority
  • 100% fully renovated structure with new plumbing, electrical, lighting, HVAC, interior and exterior finishes.

OVERVIEW

Situated at the intersection of Monterey and Owens Street in Southeast Bakersfield, 931 Monterey stands as a Quadruplex Multi-Family unit, offering approximately 5,280 square feet of living space across four distinct four-bedroom, two-bathroom units. Recently renovated to its entirety, the property boasts brand-new plumbing, electrical systems, lighting, HVAC units, and both interior and exterior finishes, ensuring modern comfort and quality. The surrounding area experiences consistently low vacancy rates and accommodates Section 8 tenancy, with each tenant thoroughly prequalified by the Housing Authority. Zoned as R-2 for Multi-Family purposes, this property represents a compelling and fully upgraded opportunity for multi-unit living in a prime location in Southeast Bakersfield.

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

4

PRICE/UNIT

$281,250

CAP RATE

8.43%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,514 SF

ZONING

R-2

APN/PARCEL ID

015-360-06-00-1

ASK ABOUT THIS PROPERTY

Oscar BaltazarColliersMore Info
661-631-3819

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Oscar BaltazarColliersMore Info
661-631-3819

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