Multiple Addresses
Bakersfield, CA 93311
Old River Place · Multifamily Property For Sale · 249 Units

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INVESTMENT HIGHLIGHTS

  • • Immediate Loss to Lease Upside Greater than 10%
  • • Desirable Mix of Large Two & Three-Bedroom Units
  • • Consistent High Occupancy Levels
  • • Priced Below Replacement Cost
  • • Spacious Floorplans & High Demand Unit Amenities
  • • 249 Units on 72 Individual, Contiguous Duplex, Triplex, and Quadplex Lots

PROPERTY FACTS

No. Units 249
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 22.27 AC
Building Size 274,796 SF
Average Occupancy 92%
No. Stories 1
Year Built 2011
Parking Ratio 1.81/1,000 SF
Zoning R-2

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Fireplace
  • Microwave
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Kitchen
  • Granite Countertops
  • Oven
  • Range
  • Tub/Shower

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 125 $1,795 1,004
3+2 124 $1,975 1,204

LINKS

  • For more information and to access all marketing materials

PROPERTY TAXES

Parcel Numbers 544-571-07-00-9, 544-293-03-00-0 Improvements Assessment $719,618
Land Assessment $227,238 Total Assessment $946,856

MAP

  • Listing ID: 31190975

  • Date on Market: 3/12/2024

  • Last Updated:

  • Address: Multiple Addresses, Bakersfield, CA 93311

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