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    1820 Quincy Street

    East Bakersfield, CA 93305
    • $1,450,000
    • STATUS: Active
    • ON SITE: 66 days
    • ID#: DW21045031
    UPDATED: 59 min ago
    $1,450,000
    • 0
      BEDS
    • 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,202
      SQFT
    • $129
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    A golden opportunity in Bakersfield, California. The property consists of (13) Two-Bedroom/One Bath, (1) Single Family Home that has Two-Bedroom/One Bath, and (2) One-Bedroom/ One Bath for a total of (15) rentable units. The 15 unit apartment sits on three separate parcels which is highly convenient for a savvy investor that may want to partially liquidate in the future. Bakersfield has low vacancy rates due to the rapid growth of population. This has to do with Bakersfield conveniently being located between San Francisco and Los Angeles which prices have sky rocketed. In addition, large manufacturing and distribution companies have chosen Bakersfield as their home which drives jobs and thus keeps apartments rented. Dont miss this opportunity to own the Quincy Apartments!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T19:36:26.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.debonishomes.com/homes/114748922
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    1820 Quincy Street East Bakersfield, CA 93305

    • Price: $1,450,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: DW21045031
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.5
    Acres
    11,202
    SQFT
    $129
    $/SQFT
    1960
    Built
    Neighborhood:
    EBAK - East Bakersfield
    County:
    Kern
    Area:
    EBAK - East Bakersfield
    Property Description
    A golden opportunity in Bakersfield, California. The property consists of (13) Two-Bedroom/One Bath, (1) Single Family Home that has Two-Bedroom/One Bath, and (2) One-Bedroom/ One Bath for a total of (15) rentable units. The 15 unit apartment sits on three separate parcels which is highly convenient for a savvy investor that may want to partially liquidate in the future. Bakersfield has low vacancy rates due to the rapid growth of population. This has to do with Bakersfield conveniently being located between San Francisco and Los Angeles which prices have sky rocketed. In addition, large manufacturing and distribution companies have chosen Bakersfield as their home which drives jobs and thus keeps apartments rented. Dont miss this opportunity to own the Quincy Apartments!
    Exterior Features

    Carport Spaces 15 Carport YN Yes Lot Features 11-15 Units/Acre Number Of Separate Electric Meters 15 Open Parking Spaces 10 Parking Total 25 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN Yes Association Fee 0 Association YN No Cap Rate 5.69 Common Interest None Community Features CurbsDog Park Electric Expense 240 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 142500 Insurance Expense 5000 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 7125 Net Operating Income 82458 New Construction YN No New Taxes Expense 17517 Number Of Separate Gas Meters 15 Number Of Separate Water Meters 15 Number Of Units Leased 15 Operating Expense 55767 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 11875 Trash Expense 4018 Vacancy Allowance Rate 3 Water Sewer Expense 9343 Water Source Public Zoning R-3

    Listing provided courtesy of Charly Ubaldo of Keller Williams - Downtown La


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T19:36:26.273. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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