2212 Cullen Court, Bakersfield, CA 93314
$860,000
$900,000
4.4%
Est.Price: ?

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0.29 Acres Lot

2212 Cullen Court Bakersfield, CA 93314

Est. payment /mo
SOLD DATE : 05/01/2024

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Key Details

Sold Price $860,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24007140

Sold Date 05/01/24

HOA Y/N No

Year Built 2004

Lot Size 0.290 Acres

Property Sub-Type Quadruplex

Property Description

Price Improvement for Pride of Ownership Multifamily! The Liberty Park apartments are a Pride of Ownership, single story 4 Unit multifamily property built in 2004, and located in prime northwest Bakersfield, CA. The subject property is listed as part of a 12 Unit portfolio sale with the following properties in the same tract: 12906 Merlot Dr (4U), 12912 Merlot Dr. (4U). Sellers preference is for all 3 fourplexes to be sold together to one buying entity. The subject property is a single story, 4 unit apartment building situated on one spacious 12,575 sf lot. The subject property boasts an excellent unit mix of 2(3+2) and 2 (2+2), with numerous tenant amenities including: garage parking, central AC/HT, in unit washer & dryer hookups, patios, separate gas & electric meters and hot water heaters for each unit. The Liberty Park apartments are ideally located in the award winning Rosedale Union School District (Liberty High School, Rosedale Middle, Independence Elementary), and in very close proximity to numerous, vibrant surrounding retail, restaurant, and entertainment venues. The Liberty Park apartments are offered at only $208 CPSF with upside to a Cap rate of 7 at market rents - they are a perfect fit for an investor looking for long term growth with a pride of ownership income property asset.

Location

State CA

County Kern

Area Bksf - Bakersfield

Interior

Heating Central

Cooling Central Air

Fireplaces Type Family Room, Gas

Fireplace Yes

Laundry Inside, In Garage

Exterior

Parking Features Concrete, Door-Multi, Driveway, Garage, Garage Door Opener, Paved, Garage Faces Side

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Curbs, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected

Total Parking Spaces 8

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Sewer Public Sewer, Sewer Tap Paid

Water Public

New Construction No

Others

Senior Community No

Acceptable Financing Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash to New Loan, Conventional, 1031 Exchange

Financing Conventional

Special Listing Condition Standard

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Listed by Brad New Vanguard Property Group 714-928-6833, DRE #01347742
Bought with JUSTIN CHU KELLER WILLIAMS REALTY
Jessica Lam

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