1601 Lotus Ln | Bakersfield, CA 93307
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1601 Lotus Ln
Bakersfield, CA 93307
King Square Apartments · Multifamily Property For Sale
·
72 Units
Investment Highlights
- IRS Section 42 LIHTC Restricted. Built in 2008 With Extended Use Restrictions on Regulatory Agreement for 55 Years.
- Excellent Unit Make Up With 36-Two-Bedrooms, 33-Three-Bedrooms, and 4-Four-Bedrooms
- Unique Opportunity to Purchase 70+ Units of 2008 Construction at well below Replacement Value
Property Facts
| No. Units | 72 | Building Size | 78,804 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2009 |
| Building Class | C | Parking Ratio | 1.02/1,000 SF |
| Lot Size | 4.78 AC | ||
| Zoning | R-2 - Residential | ||
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.78 AC |
| Building Size | 78,804 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2009 |
| Parking Ratio | 1.02/1,000 SF |
| Zoning | R-2 - Residential |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Recycling
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 36 | - | 902 |
| 3+2 | 32 | - | 1,136 |
| 4+2 | 4 | - | 1,336 |
Property Taxes
| Parcel Number | 170-060-11-00-0 | Improvements Assessment | $7,533,427 |
| Land Assessment | $961,289 | Total Assessment | $8,494,716 |
Property Taxes
Parcel Number
170-060-11-00-0
Land Assessment
$961,289
Improvements Assessment
$7,533,427
Total Assessment
$8,494,716
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