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600 Hosking Ave
Bakersfield, CA 93307
Golden Valley Luxury Apartments · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Luxury units in South Bakersfield near schools and new shopping
- Updated units
- 2 and 3 bedroom townhomes
Executive Summary
Located in the growing South Bakersfield submarket, this well-maintained four-unit townhome investment opportunity
offers strong cash flow with a gross scheduled income of $85,800 and attractive community amenities that enhance
long-term tenant appeal. Priced at $879,999, the property features an excellent unit mix consisting of two spacious
3-bedroom/2-bath townhomes and two 2-bedroom/1.5-bath townhomes, all with laundry hookups and covered
parking. The units have been thoughtfully maintained with newer appliances in most units and updated finishes where
needed, providing a clean and attractive living environment for residents. The HOA maintains the gated community to
a high standard and provides tenants with access to a swimming pool, playground, basketball court, sports field, and
fitness center, creating a desirable residential setting in one of Bakersfield’s expanding rental markets
offers strong cash flow with a gross scheduled income of $85,800 and attractive community amenities that enhance
long-term tenant appeal. Priced at $879,999, the property features an excellent unit mix consisting of two spacious
3-bedroom/2-bath townhomes and two 2-bedroom/1.5-bath townhomes, all with laundry hookups and covered
parking. The units have been thoughtfully maintained with newer appliances in most units and updated finishes where
needed, providing a clean and attractive living environment for residents. The HOA maintains the gated community to
a high standard and provides tenants with access to a swimming pool, playground, basketball court, sports field, and
fitness center, creating a desirable residential setting in one of Bakersfield’s expanding rental markets
Property Facts
| Price Per Unit | $220,000 | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.45% | Building Size | 4,432 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.44 | No. Stories | 2 |
| No. Units | 4 | Year Built | 2008 |
| Property Type | Multifamily | Parking Ratio | 0.9/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-2UD - Residential | ||
| Price Per Unit | $220,000 |
| Sale Type | Investment |
| Cap Rate | 6.45% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.44 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Building Size | 4,432 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2008 |
| Parking Ratio | 0.9/1,000 SF |
| Zoning | R-2UD - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Double Pane Windows
Site Amenities
- Controlled Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Spa
- Corporate Suites
- Gated
- Basketball Court
- Cabana
- Furnished Units Available
- Package Service
- Pet Play Area
- Wi-Fi
- Lounge
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 2 | - | 1,059 |
| 3+2 | 2 | - | 1,236 |
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