For Sale
$364,999

710 Sequoia DrBakersfield, CA 93308

Three-unit rental property, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a three-unit multifamily property situated at 710 Sequoia Drive, Bakersfield, CA 93308. The property, built in 1949, boasts a total of 1,599 square feet across three separate buildings on a 6,098 square foot lot. The property is zoned R1. The three units consist of one two-bedroom, one-bathroom unit and two one-bedroom, one-bathroom units. Each unit features its own private gated yard. Currently operating at 100% occupancy, with an occupancy date of August 26, 2024, this property generates a substantial net operating income (NOI) of $23,760, resulting in a compelling 6.51% cap rate. The asking price is $364,999, translating to $121,666.33 per unit and $228.27 per square foot. This turnkey investment offers a strong return and immediate cash flow, making it an ideal addition to any portfolio. The property's location in Bakersfield, Kern County, provides easy access to local amenities and transportation. The property's APN is 11310112. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location.

Highlights

  • $364,999 asking price for a three-unit multifamily property.
  • Located at 710 Sequoia Dr, Bakersfield, CA 93308.
  • Features three single-family rental units totaling 1,599 square feet.
  • Offers a 6.51% cap rate with a Net Operating Income (NOI) of $23,760.
  • Currently boasts 100% occupancy, with an occupancy date of August 26, 2024.
  • Sits on a 6,098 square foot lot, zoned R1.

Property Details for 710 Sequoia Dr

Property type
Residential income homes
Square Feet
1,599 SF
Year Built
1949
Buildings
3
Stories
1
Units
3

Location Insight

City
Bakersfield
County
Kern
State
California
Latitude
35.413134321159
Longitude
-119.03420217544
710 Sequoia Dr, Bakersfield, California

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710 Sequoia Dr
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