420-426 Real Rd | Bakersfield, CA 93309
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420-426 Real Rd
Bakersfield, CA 93309
Chateau Villa Apartments · Multifamily Property For Sale
·
64 Units
Investment Highlights
- ProForma CAP Rate of 8.04% With a ProForma GRM of 8.14. Current CAP Rate of 7.29%.
- Easy Freeway Access to Hwy 99 & Hwy 58. The Property Also Has Abundant Public Transportation Access.
- Located 8 minutes from Cal State University Bakersfield (3.5 Miles).CSUB has a faculty of 1,100+, With an impressive enrollment of over 1,000 Students
- Attractive Seller Financing is available for qualified buyers, featuring a 5.00% Interest-Only Rate.
- Over $500,000 in Improvements Such As; New Septic Pumps, Retaining Wall, and 61 Renovated Units.
- Unit Amenities include: Secure Covered Parking, Private Patios, Onsite Laundry, Additional Storage, A/C, Large Closets, and Renovated Units.
Property Facts
| No. Units | 64 | Lot Size | 3.17 AC |
| Property Type | Multifamily | Building Size | 46,376 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1968 |
| Building Class | C | Parking Ratio | 1.38/1,000 SF |
| Zoning | R-3 | ||
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.17 AC |
| Building Size | 46,376 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Heating
- Ceiling Fans
- Double Vanities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
Site Amenities
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 64 | - | 698 - 890 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,192,079 | |
| Land Assessment | $366,115 | Total Assessment | $4,558,194 |
Property Taxes
Parcel Numbers
Land Assessment
$366,115
Improvements Assessment
$4,192,079
Total Assessment
$4,558,194
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