3300 Rio Mirada Dr | Bakersfield, CA 93308
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This Multifamily Property is no longer advertised on LoopNet.com.
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
Listing ID: 32306452
Date on Market: 7/1/2024
Last Updated:
Address: 3300 Rio Mirada Dr, Bakersfield, CA 93308
The Oildale Multifamily Property at 3300 Rio Mirada Dr, Bakersfield, CA 93308 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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