Property listed by Side, Inc, Ashish Gupta, 650-273-3832.
$470,000
Investor opportunity in East Bakersfield: two detached buildings on one parcel, no shared walls, with income in place and clear upside. The front home is 1,204 sq. ft. over two stories a bright, open main level with a half bath, three spacious bedrooms and two full baths upstairs including one… Read More attached to the primary, plus an attached 1-car garage. It's leased at $1,500/month through March 2027, roughly $500 below current market rents, with meaningful upside at lease expiration. The back unit is 744 sq. ft., 2 bedrooms and 1 bath, delivered vacant so a new owner sets market rent from day one. Both units have paid-off solar, permanently reducing operating costs. Each unit is separately metered with PG&E. As recent construction, this property is exempt from California's statewide rent cap, full flexibility to reset rents to market. Two buildings, two tenancies, one parcel. Read Less
Listing Snapshot
Days Online
66
Last Updated
Property Type
Duplex
Lot Size
0.09 Acres
Year Built
2024
MLS Number
OC26180866
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: Paved
Appliances & Equipment
Microwave
Building
Built in 2024, 2 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: 1, Construction Materials: Drywall, DuctsProfessionallyAirSealed, Concrete, Stucco
Community
Gutters, StreetLights, Sidewalks
Cooling
CentralAir
Expenses
Operating: $3,000
Fence
Wood
Fireplaces
None
Floors
Carpet, Vinyl
Foundation
Slab
Garage
1 spaces
Heating
Central
Income
Gross Income: $42,000, Gross ScheduledIncome: $42,000, Net Operating Income: $36,900
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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