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214 Beardsley Avenue

Bakersfield, CA 93308
  • $1,450,000
  • STATUS: Active
  • ON SITE: 42 Days
  • ID#: 202400631
UPDATED: 63 min ago
$1,450,000
  • 0
    BEDS
  • 0.72
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,747
    SQFT
  • $187
    $/SQFT
Neighborhood:
21
Type:
Multi-Family
Built:
1946
County:
Area:
21

School Information

Middle School:
High School:
School District:

Description

Explore a unique investment in North Bakersfield: a commercial multifamily property with 13 residential units AND a profitable store. Current monthly rent is $13,795 with potential to increase to $15,174.50. Benefit from above-average store lease rates and Seller Financing without extra fees. Possibility of a Lot Line Adjustment to separate the store, enhancing flexibility and value. Listed at $1.450M, average price per unit is around $103,571.43, dropping to under $99,900 with the store's income. This indicates a 9.13 GRM, a top investment in Kern County. An income source with growth potential. Contact for details. Rent roll and Owner provide IE statement provided on request.

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Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2024. 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 MV & Associates Real Estate 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: 2024-02-29T06:32:28.617.
www.kerncountyhome.com/homes/146715953
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214 Beardsley Avenue Bakersfield, CA 93308

  • Price: $1,450,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 63 min ago
  • ID#: 202400631
0
Beds
0
Baths
0
½ Baths
0.72
Acres
7,747
SQFT
$187
$/SQFT
1946
Built
Neighborhood:
21
County:
Kern
Area:
21
Middle School:
Beardsley
High School:
North
School District:
Beardsley
Property Description
Explore a unique investment in North Bakersfield: a commercial multifamily property with 13 residential units AND a profitable store. Current monthly rent is $13,795 with potential to increase to $15,174.50. Benefit from above-average store lease rates and Seller Financing without extra fees. Possibility of a Lot Line Adjustment to separate the store, enhancing flexibility and value. Listed at $1.450M, average price per unit is around $103,571.43, dropping to under $99,900 with the store's income. This indicates a 9.13 GRM, a top investment in Kern County. An income source with growth potential. Contact for details. Rent roll and Owner provide IE statement provided on request.
Exterior Features

Garages 0 Parking Uncovered Parking Spaces 0.00

Property Features

Annual Gross Income 158760.00 Annual Net Income 119070.00 Cap Rate 0.08 Disclosures Corp. Owned Multifamily Type 11 Plus Total Annual Expense 39690.00 Vacancy Factor 5.00

Listing courtesy of Sanjeev Advani of Synergy Property Management: .


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2024. 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 MV & Associates Real Estate 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: 2024-02-29T06:32:28.617.
 
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MV & Associates Real Estate
5329 Office Center Ct, Ste 201
Bakersfield CA, 93313