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    620 Magnolia Avenue

    Bakersfield, CA 93305
    • $270,000
    • STATUS: Pending
    • ON SITE: 30 days
    • ID#: 202008759
    Pending
    UPDATED: 58 min ago
    $270,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    31
    Type:
    Multi-Family
    Built:
    1957
    County:
    Area:
    31

    School Information

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

    Description

    Come see these 2 homes on 1 lot with great bones and historical significance. Inspired by Frank Lloyd Wright! There is one Main Home with 3 bedrooms and 2 bathrooms, and there is one Income Unit with 1 bedroom and 1 bathroom. Upgraded kitchen, flooring, and new roof! Potential to rent out and earn a good passive income or live in one unit and rent out the other. Owner has also created a full bath downstairs in the main house with high end finishes. Walking across the driveway you see the second unit on the property which was updated only 5 years ago. Finishes are very professional on this one. Not to mention this great mature neighborhood where all the houses have character. Just near the Panorama Bluffs for those beautiful evening walks or weekend runs, and near Bakersfield College as well.

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    Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2020. 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 Synergy Property Management 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: 2020-09-27T14:31:31.767.
    www.kerncountyhome.com/homes/109433224
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    620 Magnolia Avenue Bakersfield, CA 93305

    • Price: $270,000
    • Status: Pending
    • Updated: 58 min ago
    • ID#: 202008759
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    1957
    Built
    Neighborhood:
    31
    County:
    Kern
    Area:
    31
    Elementary School:
    Noble, Myra A.
    Middle School:
    Washington
    High School:
    East
    School District:
    Bakersfield City
    Property Description
    Come see these 2 homes on 1 lot with great bones and historical significance. Inspired by Frank Lloyd Wright! There is one Main Home with 3 bedrooms and 2 bathrooms, and there is one Income Unit with 1 bedroom and 1 bathroom. Upgraded kitchen, flooring, and new roof! Potential to rent out and earn a good passive income or live in one unit and rent out the other. Owner has also created a full bath downstairs in the main house with high end finishes. Walking across the driveway you see the second unit on the property which was updated only 5 years ago. Finishes are very professional on this one. Not to mention this great mature neighborhood where all the houses have character. Just near the Panorama Bluffs for those beautiful evening walks or weekend runs, and near Bakersfield College as well.
    Exterior Features

    Garages 0 Parking Uncovered Parking Spaces 0.00

    Property Features

    Annual Gross Income 25200.00 Annual Net Income 20160.00 Cap Rate 0.07 Disclosures None Of The Above Multifamily Type 2 Homes On 1 Lot Total Annual Expense 5040.00 Vacancy Factor 5.00

    Listing courtesy of Sanjeev Advani of Synergy Property Management.


    Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2020. 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 Synergy Property Management 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: 2020-09-27T14:31:31.767.
     
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    HomeStead Real Estate
    7440 Meany Ave Suite C
    Bakersfield CA, 93308