NOT LISTED FOR SALE

132 L St Bakersfield, CA 93304

Oleander-Sunset Neighborhood
-- Bed
-- Bath
20,160 Sq Ft
1.59 Acres

Last Sold January 24, 2022

Last sale price $2,675,000 $133 Per Sq Ft

66 Days on Market

Highlights

  • Heated Floors
  • 69,260 Sq Ft lot
  • 1-Story Property

About This Home

As of January 2022

CVPA is proud to present for this one of a kind opportunity to acquire a value-add multi-family asset located in the heart of Bakersfield CA. Situated on a 69,173 sq.ft. lot, with a gross rentable square footage of 20,160 the offering consists of eighteen (18) one bedroom, one bathroom units and fifteen (15) studios. This is a true value-add opportunity allowing any savvy investor the potential to increase rents 15%-20% above current gross income! & not to mention the ability to capitalize on Kern Counties 1%-2% vacancy rate!! Bakersfield Is home to the e-commerce giant Amazon, with its one-million+ square-foot fulfillment center & a second center currently under construction.

Last Listed By

Esteban Contreras

Watson Realty License #01975384 Listed on: 10/20/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 1.59 Acre Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 20,160 Sq Ft Home
  • 1-Story Property
  • Heated Floors

Schools

  • Mckinley Elementary School
  • Emerson Middle School
  • Bakersfield High School

Listing and Financial Details

  • Assessor Parcel Number 01032131

Community Details

Overview

  • 33 Units
  • The Lowell Addition Subdivision

Building Details

  • Gross Income $253,008
  • Net Operating Income $146,935

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1971
  • Building Stories: 1
  • Property Sub Type: 11 Plus
  • Co List Office Mls Id: 11174
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 20160.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Floor/Wall Heater

Schools

  • High School: Bakersfield
  • Middle Or Junior School: Emerson

Lot Info

  • Lot Size Sq Ft: 69260.00
  • Parcel #: 01032131

Multi Family

  • Total Annual Expense: 98483.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 33
  • Annual Gross Income: 253008.00
  • Property Net Operating Income: 146935.00

MLS Schools

  • Elementary School: McKinley

Range of Values:

Collateral Analytics

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2022 01/24/22 Sold $2,675,000 +0.9% $133 / Sq Ft
12/25/2021 12/25/21 Pending -- -- --
10/20/2021 10/20/21 For Sale $2,650,000 +60.6% $131 / Sq Ft
03/17/2017 03/17/17 Sold $1,650,000 -2.9% $82 / Sq Ft
02/15/2017 02/15/17 Pending -- -- --
12/07/2016 12/07/16 For Sale $1,700,000 -- $84 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Esteban Contreras

    Seller's Agent in 2022

    Esteban Contreras

    Watson Realty

    (661) 206-2447

    14 in this area

    154 Total Sales

    Section Image
  • Eric Van Denk

    Seller Co-Listing Agent in 2022

    Eric Van Denk

    Central Valley Property Adviso

    (419) 206-7117

    16 in this area

    238 Total Sales

    Eric Van Denk
    Section Image
  • Daniel Mena

    Seller's Agent in 2017

    Daniel Mena

    Golden Valley RealEstate Group

    (661) 333-8513

    1 in this area

    21 Total Sales

    Daniel Mena
    Section Image

  • N

    Buyer's Agent in 2017

    Non-Member Non-Member

    Non-Member Office

See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202111423

Bakersfield Association of REALTORS® / GEMLS

California Kern County Bakersfield 93304 Oleander-Sunset

132 L St, Bakersfield, CA

Homes for Sale in Bakersfield, CA

This home is located at 132 L St, Bakersfield, CA 93304 since 20 October 2021. This property was built in 1971. 132 L St is a home located in Kern County with nearby schools including McKinley Elementary School, Emerson Middle School, and Bakersfield High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
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