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1437 Lake St Bakersfield, CA 93305
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Key Details
Sold Price $365,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22242535
Sold Date 01/23/23
HOA Y/N No
Year Built 1964
Lot Size 5,662 Sqft
Property Sub-Type Quadruplex
Property Description
Price reduction to $389,000! Seller motivated. Under $100,000 per unit! Bakersfield is a stand-alone market within proximity to the LA market area that is pricing at a 6% plus cap rate. This property is priced at a 6.5% cap rate with rental adjustments, scheduled for 1/1/22, bringing the cap rate to 7.9%. Submit offers today. Turn-key profit-generating property. 4 units in the heart of Bakersfield. Perfect 1031 Exchange opportunity with immediate cash flow.
Location
State CA
County Kern
Area Bksf - Bakersfield
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Suburban
Private Pool No
Building
Lot Description Street Level
Story One
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 01542024000
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA
Listing Terms Cash, Cash to New Loan, Conventional, FHA
Financing Conventional
Special Listing Condition Standard
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Bought with Adam Olayiwola UNIVERSAL WEST FINANCIAL & REALTY INC.
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