19 Leased Single Family Homes, Bakersfield, CA 93305

$2,390,000 Approx. USD 51 beds, 24 baths
21,217 sqft
Reduced by $110,000 on 10/20/2016

Agent Remarks

PRICE REDUCTION! We are pleased to present for sale a single-family home portfolio with very strong/steady cash flow and stable tenants located in Bakersfield, California. This portfolio is comprised of 19 fully leased homes with an actual 6.7% cap rate and presents an exciting and rare opportunity for an investor who sees the significant and immediate upside in a non-rent controlled market coupled with more aggressive management. The 19 homes are comprised of 21,217 combined square feet of building and are situated on 129,803 combined square feet of land. The homes are within close proximity of one another, allowing for easy management and maintenance. These desirable neighborhoods are located close to a large Bakersfield employment base generated by oil, retail, office, restaurants, bars and entertainment venues.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 16-149810
List price is $2,390,000 Reduced by $110,000 on 10/20/2016
Beds: 51
Baths: 24
21,217 sqft
1 Story stories
County: Kern
Parking type: Other
Interior features: Other
Heating description: Other
MLS area: Bakersfield (BKSF)

Last Updated: 10/20/2016

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This listing belongs to the Bakersfield (BKSF) MLS area

Lat/Long: 35.396497, -118.981973.
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Broker: Courtesy of Kohan & Associates Real Estate
Listing Agent: Eddie Kohan

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

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