Log In/Sign Up
Your email has been sent.
4023 O St
Bakersfield, CA 93301
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Approved city plans and entitlements in place for a new 22-unit multifamily development, unlocking significant upside potential.
- Strategically located on a large 1.3-acre parcel in Bakersfield with favorable zoning for multifamily use.
- Centrally located with easy access to neighborhood amenities, schools, and major employment areas.
- Allows investors to generate immediate cash flow while preparing for high-density redevelopment.
- Builds on existing infrastructure and approvals, saving upfront development time and reducing entitlement risks.
Executive Summary
GREAT Investment opportunity to acquire a 7-unit apartment portfolio spanning two well-maintained buildings one 4-plex and one
triplex situated on a large parcel with a vacant rear lot fully approved for 22 additional units.The included vacant rear lot comes with
city approvals and plans in place for a new 22-unit multifamily development, giving investors or developers the rare ability to generate
immediate cash flow from the existing 7 units while moving forward with an expansion project that dramatically increases density and
long-term returns.
triplex situated on a large parcel with a vacant rear lot fully approved for 22 additional units.The included vacant rear lot comes with
city approvals and plans in place for a new 22-unit multifamily development, giving investors or developers the rare ability to generate
immediate cash flow from the existing 7 units while moving forward with an expansion project that dramatically increases density and
long-term returns.
Property Facts
| Price Per Unit | $300,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.05 AC |
| No. Units | 7 | Building Size | 6,104 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1986 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-3 - Multiple Dwelling | ||
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.05 AC |
| Building Size | 6,104 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Opportunity Zone |
Yes |
| Zoning | R-3 - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Online Services
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 7 | $818.00 | - |
Property Taxes
| Parcel Number | 120-040-01-00-0 | Improvements Assessment | $765,000 |
| Land Assessment | $351,900 | Total Assessment | $1,116,900 |
Property Taxes
Parcel Number
120-040-01-00-0
Land Assessment
$351,900
Improvements Assessment
$765,000
Total Assessment
$1,116,900
1 of 33
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
