$2,675,000
$2,650,000
0.9%For more information regarding the value of a property, please contact us for a free consultation.
20,160 SqFt
SOLD DATE : 01/24/2022
Key Details
Sold Price $2,675,000
Property Type Commercial
Sub Type 11 Plus
Listing Status Sold
Purchase Type For Sale
Square Footage 20,160 sqft
Price per Sqft $132
MLS Listing ID 202111423
Sold Date 01/24/22
Year Built 1971
Property Sub-Type 11 Plus
Property Description
CVPA is proud to present for this one of a kind opportunity to acquire a value-add multi-family asset located in the heart of Bakersfield CA. Situated on a 69,173 sq.ft. lot, with a gross rentable square footage of 20,160 the offering consists of eighteen (18) one bedroom, one bathroom units and fifteen (15) studios. This is a true value-add opportunity allowing any savvy investor the potential to increase rents 15%-20% above current gross income! & not to mention the ability to capitalize on Kern Counties 1%-2% vacancy rate!! Bakersfield Is home to the e-commerce giant Amazon, with its one-million+ square-foot fulfillment center & a second center currently under construction.
Location
State CA
County Kern
Area 10
Exterior
Parking Features Uncovered
Building
Story 1
Schools
Elementary Schools Mckinley
Middle Schools Emerson
High Schools Bakersfield
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Eric VanDenk • Central Valley Property Adviso
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
9700 Stockdale Highway St 325, Bakersfield, California, 93311, USA