For Sale
$210,000

1403 Yosemite Dr Bakersfield, CA 93308

Two-unit apartment building, remodeled, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
134
This charming two-unit apartment building, located at 1403 Yosemite Dr in Bakersfield, CA 93308, presents a compelling investment opportunity. Built in 1957, this 1,004 square foot property sits on a 3,484 square foot lot and is zoned as a duplex. Each of the two units boasts one bedroom and one bathroom, recently updated with new kitchen cabinets and durable hard surface flooring. Both units also include convenient washer/dryer hookups. The property offers a strong return on investment, boasting a 4.69% cap rate and a net operating income (NOI) of $9,851. The asking price is $210,000, translating to $105,000 per unit. The property is subject to the cancellation of a previous escrow, with the cancellation being due to no fault of the seller. This is a fantastic chance to acquire a well-maintained, income-producing property in a desirable Bakersfield location. APN: 113-072-17-7. Photos reflect the units' condition when last vacant.

Highlights

  • $210,000 asking price for a 2-unit apartment building.
  • Excellent 4.69% cap rate with a $9,851 NOI.
  • Located in Bakersfield, CA at 1403 Yosemite Dr, APN 113-072-17-7.
  • Two remodeled 1 bed/1 bath units, each with washer/dryer hookups and hard surface flooring.
  • Situated on a 3,484 sq ft lot, this 1,004 sq ft building was constructed in 1957.

Property Details for 1403 Yosemite Dr

Property type
Apartment buildings
Square Feet
1,004 SF
Class
C
Year Built
1957
Buildings
1
Stories
2
Units
2

Location Insight

City
Bakersfield
County
Kern
State
California
Latitude
35.4191669
Longitude
-119.0326006

FAQs

What type of property is this?
Apartment building - Two-unit apartment building, remodeled, high ROI.
Where is the apartment building located?
The property is located at 1403 Yosemite Dr Bakersfield, CA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: $210,000 asking price for a 2-unit apartment building.; Excellent 4.69% cap rate with a $9,851 NOI.; Located in Bakersfield, CA at 1403 Yosemite Dr, APN 113-072-17-7.
How can I contact the broker?
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1403 Yosemite Dr
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