305 Warren StTaft, CA 93268

Property Details for 305 Warren St

Year built

1940

Construction

WOOD

Lot size

0.29 AC

Property size (Sq ft)

3,258 SF

Zone code

R-1

Property type

Apartment buildings

APN

031-390-06-00-8

APU

3139006008

Description

This exceptional investment opportunity presents a stabilized, six-unit multifamily property located at 305 Warren St, Taft, CA 93268, in Kern County. The property boasts a total of 3,258 square feet situated on a 12,632 square foot lot, zoned R3. Each of the six individual buildings comprises a single-story, two-bedroom, one-bathroom unit, featuring individually fenced yards and its own HVAC system. Currently operating at 100% occupancy (as of August 20, 2024), this portfolio generates a substantial net operating income (NOI) of $53,280, representing a 7.35% cap rate. The asking price is $725,000, translating to $222.53 per square foot and $120,833.33 per unit. Tenants are responsible for their own utilities. The property benefits from professional management and includes some long-term tenants. An attractive feature is the availability of an assumable loan with a 6% interest rate and a monthly payment of $2,338. Offers are subject to interior inspection. This turnkey property is ideal for both seasoned investors and those new to real estate, offering immediate passive income potential.

Location Insight

City

Taft

County

Kern

State

California

Latitude

35.1453

Longitude

-119.454

CBSA code

12540

CBSA name

BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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