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$ 2,999,000
Est. payment | /mo
9,500 Sqft Lot
$ 2,999,000
Est. payment | /mo
9,500 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24222299
HOA Y/N No
Year Built 1981
Lot Size 9,500 Sqft
Property Sub-Type Multi Family
Property Description
Exceptional 20-Unit Investment Portfolio – Prime Rental Opportunity with Growth Potential - Introducing an exceptional 20-unit investment portfolio featuring four well-maintained residential buildings, each with five spacious units. Each unit offers 2 bedrooms, 1.5 bathrooms, and 952 square feet, catering to modern tenant expectations. With two recently renovated units achieving significantly higher rents than non-renovated units, there's a proven value-add opportunity for increased revenue through selective updates across the portfolio. Each building includes an on-site laundry facility, providing tenants with convenient access to amenities. Parking is ample, with a combination of covered carport spaces and abundant street parking for residents and guests alike. A central green space between buildings enhances community appeal, offering tenants a recreational area for leisure and gatherings. Situated in a highly desirable location, the property is close to schools, community parks, and a variety of shopping and dining options, attracting a diverse tenant base. Additionally, its proximity—just 30 minutes—to Dignity Health Memorial Hospital makes this portfolio especially appealing to medical professionals seeking nearby housing. With its strong rental history, tenant-friendly amenities, and clear potential for revenue growth, this portfolio presents an ideal opportunity for investors seeking long-term stability and increased returns in a competitive market. - ** This Listing is for the 4 Building, 20-Unit Property Portfolio located at 2501 (5 Rental Units), 2517 (5 Rental Units), 2533 (5 Rental Units), and 2549 (5 Rental Units) 7th Street. This portfolio is being sold as a full package (total of 4 buildings, 5 units each, for a total of 20 units). **
Location
State CA
County Kern
Area Wsco - Wasco
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Fence Wood
Building
Lot Description Landscaped
Story 2
Water Public
Others
Tax ID 48813220006
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Listed by Alex Parker • Douglas Elliman of California • 917.215.9295
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
josh.gregoriorealestategroup@gmail.com
3400 Calloway Dr Suite 700, Bakersfield, California, 93312, USA