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    1880 Pacific Street

    Bakersfield, CA 93305
    • $399,000
    • STATUS: Active
    • ON SITE: 87 days
    • ID#: 202011115
    UPDATED: 10 min ago
    $399,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,801
      SQFT
    • $142
      $/SQFT
    Neighborhood:
    32
    Type:
    Multi-Family
    Built:
    1922
    County:
    Area:
    32

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    We are proud to present for sale this unique five (5) unit multi-family property.? Consisting of one (1) three (3) bedroom, two (2) bathroom unit, & four (4) studios, the offering sits on a 10,454sq.ft. lot and has a gross rentable square footage of 2801 sq.ft.. Located in a strong rental area, these units have no issue staying rented, not to mention the remodel/rehab done on the main house, consisting of an open/sensible new layout, new flooring, renovated restrooms, new water heaters, redone gas lines & fresh paint. The studios are also in great shape being rehabbed upon ownership; reflected by the condition of the parcel, this property boasts extreme pride of ownership shown by the tenants in place, a true diamond in the rough.? This offering provides an excellent opportunity for a buyer to invest in one of the most historically affordable, cash-flow driven submarkets in California.

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    Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2021. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Central Valley Property Advisors or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2021-01-18T12:31:39.923.
    www.kerncountyhome.com/homes/111271428
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    1880 Pacific Street Bakersfield, CA 93305

    • Price: $399,000
    • Status: Active
    • Updated: 10 min ago
    • ID#: 202011115
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    2,801
    SQFT
    $142
    $/SQFT
    1922
    Built
    Neighborhood:
    32
    County:
    Kern
    Area:
    32
    Elementary School:
    Mann, Horace
    Middle School:
    Stiern, Walter
    High School:
    East
    School District:
    Bakersfield City
    Property Description
    We are proud to present for sale this unique five (5) unit multi-family property.? Consisting of one (1) three (3) bedroom, two (2) bathroom unit, & four (4) studios, the offering sits on a 10,454sq.ft. lot and has a gross rentable square footage of 2801 sq.ft.. Located in a strong rental area, these units have no issue staying rented, not to mention the remodel/rehab done on the main house, consisting of an open/sensible new layout, new flooring, renovated restrooms, new water heaters, redone gas lines & fresh paint. The studios are also in great shape being rehabbed upon ownership; reflected by the condition of the parcel, this property boasts extreme pride of ownership shown by the tenants in place, a true diamond in the rough.? This offering provides an excellent opportunity for a buyer to invest in one of the most historically affordable, cash-flow driven submarkets in California.
    Exterior Features

    Garages 0 Parking Uncovered Parking Spaces 0.00

    Property Features

    Annual Gross Income 39000.00 Annual Net Income 24481.00 Cap Rate 0.06 Disclosures None Of The Above Multifamily Type 5 - 10 Units Total Annual Expense 13349.00 Vacancy Factor 3.00

    Listing courtesy of Esteban Contreras of Central Valley Property Advisors.


    Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2021. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Central Valley Property Advisors or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2021-01-18T12:31:39.923.
     
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    HomeStead Real Estate
    7440 Meany Ave Suite C
    Bakersfield CA, 93308