We are honored to exclusively present for sale an enticing investment tailored to your needs: a meticulously maintained 64-unit apartment complex in Southwest Bakersfield, 93309. Crafted with your 1031 exchange goals in mind, this property offers a compelling mix of convenience, potential, and effortless ownership. Recent upgrades including new air conditioning units and new roofs, multiple water heaters have been done to ensure minimal hassles and maximum returns for you. With a dependable rental income stream and promising appreciation prospects, this property hits the mark for savvy investors seeking to optimize their exchange. Nestled in a prime location with seamless access to all necessities, from shopping to transportation, the offering guarantees strong demand and consistent occupancy rates.
3 Units in North Bakersfield, Front House is a 2 bedroom/1 bathroom with private yards. Back units are both studio apartments w/ shared yard. Entire property is fully fenced and gated. 100% Occupied, Professionally Managed. Rents have room for improvement. Value Add Opportunity!
Wonderful duplex in Bakersfield. Both units come rented out! The first unit has been completely upgraded! Brand new kitchen cabinets and countertops, with a new range. All three bathrooms have brand new vanities installed, and a new bathtub! Fresh paint throughout the whole home and new carpet on stairs and all throughout the upstairs! The sunglass door that leads to the balcony also has been upgraded! The second unit comes with original flooring and kitchen, but is in good condition!
Courtesy: Keller Williams Realty-Studio City
Courtesy: Ryan Rodman Rothstein-Serling
Courtesy: Capitol Real Estate Group, Inc
An excellent opportunity to add this cash flowing four-plex to your investment portfolio. Each unit has 2 bedrooms and 1.5 bathrooms. These units have been well taken care and are fully occupied. A history of low vacancy and increasing rents, year after year. Located in one of the busiest parts of town, these units are close to shopping centers, schools, parks, and Hwy 99.
Courtesy: Imperial Estate Management
The park has a permit for 62 spaces. It consists of 10 mobile home spaces and 52 large RV spaces. In addition, there is 1 house on Lomita and 1 house on Union. The property consists of 3 separate parcels. 922 S. Union and 908 & 910 Lomita St. The lots on Lomita are large deep lots. The lots' back portion is part of the RV/mobile home park. The house in the front portion of 910 was demolished, and the back portion has 6 spaces. The front portion of 908 has a large house, and the back portion has 9 spaces. 922 south union has 47 spaces and a house in front. The park pays for spaces’ utilities, but they are sub-metered for electricity, and the new park owner can increase revenue by billing the tenants for it. The park pays for water at a flat rate. The tenants have a month-to-month lease, but they are long-term tenants. The park is located across the street from Golden West Casino and Kern County fairgrounds, which has high traffic, especially on weekends. Since vendors at the fairgrounds set up shop on Friday afternoons for weekend events, the park could be repositioned from long-term to short-term tenancy to cater to these vendors. Similarly, the park can provide short-term tenancy to cater to the Golden West Casino clients. The sale includes 25 park-owned trailers. 4 are unassigned to a space. Additionally, the park is in an Opportunity zone. The park is sold as a package with 100 Hudson Dr., Bakersfield, CA. They are priced separately. The total price is a combination of 922 S. Union and 100 Hudson.
The park has a permit for 25 units, 4 apartments, and 21 trailer spaces. 2 of the apartments were demolished, and 4 spaces were doubled up. The 2 demolished apartment spaces are used as trailer spaces, thus bringing 2 apartments and 21 spaces available for rent. Rents are low with growth potential. The park is on a septic system, thus no sewer charges; tenants pay for the electricity, and the park pays for water. In 2024, the gas lines on master meters will convert to individual meters so tenants can be billed separately for usage. The park pays for the gas and electricity for the laundry facility. The laundry machines are coin-operated and maintained by the vendor. Park gets a portion of the laundry income. The park pays for the maintenance and utilities of the common areas. There is plenty of interest in renting the park. Current tenants refer friends and family to the park when a space becomes available. Some of the tenants have been there for over 20 years. The park is children-friendly. 1 mobile home and 1 RV are included in the sale. The rest of the mobile homes or RVs are tenant-own. This park will be sold with 922 S. Union Ave Bakersfield, CA as a package. The parks are priced individually. 922 S. Union's Listing ID is SR23119464
Courtesy: MRM & Associates, REALTORS
Bakersfield is located in California. Bakersfield, California has a population of 372,680. Bakersfield is more family-centric than the surrounding county with 37.52% of the households containing married families with children. The county average for households married with children is 36.46%.
The median household income in Bakersfield, California is $60,058. The median household income for the surrounding county is $50,826 compared to the national median of $57,652. The median age of people living in Bakersfield is 30.5 years.
The average high temperature in July is 96.7 degrees, with an average low temperature in January of 37.4 degrees. The average rainfall is approximately 10 inches per year, with 0.1 inches of snow per year.
