Listed by Colliers - Bakersfield, California
$850,000
11720 Main St
Details
APN 187-030-28
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,280
Units 10
NOI $54,275
Occupancy 100%
Tenancy Multi
Buildings 8
Acreage 4.200
Zoning R-2 & C-2 PD FPS
Investment Type Stabilized
Residential Income Property | 10 Units + Excess Land
Marketing description
11720 Main St is located near the center of Lamont, CA. An investment opportunity featuring 10 residential income-producing units on an oversized parcel of land offering strong future development potential.
Investment highlights
- Property consists of eight (8) buildings for a total of 10 units
- Six (6) single tenant buildings
- Two (2) duplex buildings
- All 10 units are fully leased
- Month to month tenancy allows for immediate upside in rent
- NOI of approx. $54,275. See attached financial analysis
- All 8 buildings are situated on approx. 1 acre of R-2 zoned land
- Approx. 1.55 acres of excess R-2 land for future development
- Approx. 1.65 acres of excess C-2 PD land for future development with +/- 335' of frontage on Main St.
- Located within an Opportunity Zone where long-term investments may be eligible for preferential federal tax treatment
- Adjacent property for also for sale which allows for larger future development
- Several other properties for sale from this portfolio. Call agent for details.
- Make offer subject to interior inspection of residential units.
Listing Contacts
Listed by Colliers - Bakersfield, California
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$54,275.00
$4,522.92/mo
Valuation Metrics
0
DSCR
6.39%
Cap Rate
6.39%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
