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1601 Jefferson Bakersfield, CA 93305
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Key Details
Sold Price $1,425,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR22091106
Sold Date 05/11/22
HOA Y/N No
Year Built 1980
Annual Tax Amount $3,665
Lot Size 0.432 Acres
Property Description
Great opportunity to add 13 units to your portfolio. The Jefferson apartments consist of (11) Two-Bedroom/One Bath and (2) One-Bedroom/ One Bath for a total of 13 units. The property is turnkey and all three buildings have a brand new roof. The Jefferson apartments consist of 3 buildings (1601, 1603 and 1605 Jefferson Street) on 2 lots. The current rents range from $620-900 for an annual gross income of $118,440. There is immediate upside potential in rents on these units since the current Bakersfield vacancy rate is hovering around 1%. Building priced at $113,500 a unit.
Location
State CA
County Kern
Area 699 - Not Defined
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Washer Hookup, In Kitchen
Exterior
Pool None
Community Features Rural
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Private Pool No
Building
Lot Description Corner Lot
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 12816009005
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Roshawn Helmandi HG Realty
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