710 Sequoia Dr Bakersfield, CA 93308

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.