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4023 O St 7 Unit Apartment Building $2,938,530 CAD ($419,790 CAD/Unit) Bakersfield, CA 93301
Investment Highlights
- Approved city plans and entitlements in place for a new 22-unit multifamily development, unlocking significant upside potential.
- Strategically located on a large 1.3-acre parcel in Bakersfield with favorable zoning for multifamily use.
- Centrally located with easy access to neighborhood amenities, schools, and major employment areas.
- Allows investors to generate immediate cash flow while preparing for high-density redevelopment.
- Builds on existing infrastructure and approvals, saving upfront development time and reducing entitlement risks.
Executive Summary
GREAT Investment opportunity to acquire a 7-unit apartment portfolio spanning two well-maintained buildings one 4-plex and one
triplex situated on a large parcel with a vacant rear lot fully approved for 22 additional units.The included vacant rear lot comes with
city approvals and plans in place for a new 22-unit multifamily development, giving investors or developers the rare ability to generate
immediate cash flow from the existing 7 units while moving forward with an expansion project that dramatically increases density and
long-term returns.
triplex situated on a large parcel with a vacant rear lot fully approved for 22 additional units.The included vacant rear lot comes with
city approvals and plans in place for a new 22-unit multifamily development, giving investors or developers the rare ability to generate
immediate cash flow from the existing 7 units while moving forward with an expansion project that dramatically increases density and
long-term returns.
Property Facts
| Price | $2,938,530 CAD | Building Class | C |
| Price Per Unit | $419,790 CAD | Lot Size | 1.05 AC |
| Sale Type | Investment | Building Size | 6,104 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-3 - Multiple Dwelling | ||
| Price | $2,938,530 CAD |
| Price Per Unit | $419,790 CAD |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.05 AC |
| Building Size | 6,104 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Opportunity Zone |
Yes |
| Zoning | R-3 - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Online Services
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 7 | $1,145 CAD | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 120-040-01-00-0 | Improvements Assessment | $1,051,844 CAD |
| Land Assessment | $483,848 CAD | Total Assessment | $1,535,693 CAD |
Property Taxes
Parcel Number
120-040-01-00-0
Land Assessment
$483,848 CAD
Improvements Assessment
$1,051,844 CAD
Total Assessment
$1,535,693 CAD
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4023 O St
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