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$490,000
Est. payment /mo
5 Beds
3 Baths
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26180866
Bedrooms 5
Lot Size 3,920 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Investor opportunity in East Bakersfield: two detached buildings on one parcel, no shared walls, with income in place and clear upside. The front home is 1,204 sq. ft. over two stories a bright, open main level with a half bath, three spacious bedrooms and two full baths upstairs including one attached to the primary, plus an attached 1-car garage. It's leased at $1,500/month through March 2027, roughly $500 below current market rents, with meaningful upside at lease expiration. The back unit is 744 sq. ft., 2 bedrooms and 1 bath, delivered vacant so a new owner sets market rent from day one. Both units have paid-off solar, permanently reducing operating costs. Each unit is separately metered with PG&E. As recent construction, this property is exempt from California's statewide rent cap, full flexibility to reset rents to market. Two buildings, two tenancies, one parcel.
Location
State CA
County Kern
Zoning Assessor
Direction Right onto Monterey, left onto Haley, right onto Oregon
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 01515019008
Acceptable Financing Cash, Conventional, FHA, Land Contract, VA
Listing Terms Cash, Conventional, FHA, Land Contract, VA
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Listed by Ashish Gupta, DRE#02197681 Side, Inc
NEARBY SCHOOLS & PROPERTIES
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