3300 Rio Mirada Dr | Bakersfield, CA 93308
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- LoopNet Team
3300 Rio Mirada Dr
Bakersfield, CA 93308
Value-Add Apartments With Operation Upside · Multifamily Property For Sale
·
208 Units
Investment Highlights
- The Rio Mirada Villas property offers a value-add, 208-unit apartment community currently 83% occupied, below market occupancy levels of 97%.
- Operational and lease upsides to implement a Ratio Utility Billing System or demolish the 10,000-SF restaurant and develop the remaining 2 acres.
- Strategically positioned just off the 99 and 204 Freeways, providing quick commutes, access to top-tier amenities, and exposure to over 163K VPD.
- Additional value-add opportunity to reposition the units by adding kitchens and marketing them as micro units for increased rent.
Property Facts
| No. Units | 208 | Lot Size | 6.43 AC |
| Property Type | Multifamily | Building Size | 123,759 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1984/2021 |
| Building Class | B | ||
| Zoning | M-1 - Residential | ||
| No. Units | 208 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 6.43 AC |
| Building Size | 123,759 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1984/2021 |
| Zoning | M-1 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Tub/Shower
Site Amenities
- Business Center
- Courtyard
- Pool
Property Taxes
| Parcel Number | 116-110-16-00-3 | Improvements Assessment | $5,076,526 |
| Land Assessment | $2,006,828 | Total Assessment | $7,083,354 |
Property Taxes
Parcel Number
116-110-16-00-3
Land Assessment
$2,006,828
Improvements Assessment
$5,076,526
Total Assessment
$7,083,354
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