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828 Iris St 5.2 Acres of Commercial Land Offered at $1,226,646 CAD in Bakersfield, CA 93308

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Executive Summary

Ideal property for multi-housing development. This is an infield property. Seller is selling 2 separate parcels APN's 118-120-27 & 28

Property Facts

Price	$1,226,646 CAD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Multifamily Apartment Units Apartment Units - Condo Apartment Units - Dorms Apartment Units - Senior Apartment Units - Subsidized Manufactured Homes or Mobile Home Park
Sale Conditions	1031 Exchange Build to Suit	Total Lot Size	5.20 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land
Zoning	R-3 - Residential

Price	$1,226,646 CAD
Sale Type	Investment
Sale Conditions	1031 Exchange Build to Suit
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Apartment Units Apartment Units - Condo Apartment Units - Dorms Apartment Units - Senior Apartment Units - Subsidized Manufactured Homes or Mobile Home Park
Total Lot Size	5.20 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-3 - Residential

1 Lot Available

Lot

Price	$1,226,646 CAD	Lot Size	5.20 AC
Price Per AC	$235,893.45 CAD

Price	$1,226,646 CAD
Price Per AC	$235,893.45 CAD
Lot Size	5.20 AC

2 separate parcels at 2.6 acres each

Description

With a population of over 400,000, Bakersfield is among the 50 largest cities in the country, well-known for its Basque-style restaurants, attractions and its approach to country music. Represented by artists like Merle Haggard and Buck Owens, the "Bakersfield sound" refers to twangy country ballads that incorporate rock-and-roll. With an expanding real estate market and a peculiar vibe, Bakersfield is also a prominent hub for energy and agriculture in the Central Valley.

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Property Taxes

Parcel Number	118-120-28-00-5	Improvements Assessment	$0 CAD
Land Assessment	$449,882 CAD	Total Assessment	$449,882 CAD

Property Taxes

Parcel Number

118-120-28-00-5

Land Assessment

$449,882 CAD

Improvements Assessment

$0 CAD

Total Assessment

$449,882 CAD

(661) 331-2982

Contact

Joseph Leon
Americana Realty Investment

Listing ID: 37739825
Date on Market: 2025-09-19
Last Updated:
Address: 828 Iris St, Bakersfield, CA 93308

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