3321 Chester Lane Bakersfield CA 93309 | PW24006820

3321 Chester Lane
Bakersfield, CA, 93309
$1,990,000
Beds
0 Baths
SqFt
0.92 Acres
$1,990,000
3321 Chester Lane
Bakersfield, CA, 93309
Major price adjustment – seller willing to meet the market. The Chester Lane Townhomes is a true opportunity for a savvy investor; priced well below replacement cost ($131 CPSF) and 6.42 Cap/8.8 GRM on actual rents with upside to 7.67 Cap/7.95 GRM on market rents. The subject property is a 16 unit multifamily property located approximately 1/4 of a mile from the 99 frwy and California Avenue Exit (west Bakersfield), in a quiet cul-de-sac street. Built in 1984, the Chester Lane Townhomes are situated on a self-contained, gated access, 40,000 sf lot and consists of 16 spacious (2+1.5) townhome style units with approx. 950 sf each; all units have central AC/HT, patios, in-unit washer & dryer hookups, separate gas/electric meters, and RUBS in place for lower overall landlord utility expense. There is ample parking available with a total of 33 onsite spaces of which 12 are covered. There are two potential onsite storage rooms (currently unrented) for additional landlord income. The Chester Lane Townhomes is priced to sell, well below replacement – a perfect apartment investment for investors looking for cash flow and equity growth.

Property Details

Price:
$1,990,000
MLS #:
PW24006820
Status:
Active
Baths:
0
Address:
3321 Chester Lane
Type:
Residential Income
Subtype:
Townhouse
City:
Bakersfield
Listed Date:
Jan 17, 2024
State:
CA
ZIP:
93309
Subdivision:
Lot Size:
40,075 sqft / 0.92 acres (approx)
Year Built:
1984

Schools

Interior

Cooling
Central Air
Heating
Central

Exterior

Community Features
Curbs, Sidewalks
Fencing
Block
Garage Spaces
0.00
Lot Features
16-20 Units/ Acre, Lot Over 40000 Sqft
Parking Features
Covered, Asphalt, Paved, Gated, Parking Space
Parking Spots
45.00
Pool Features
None
Roof
Tile
Sewer
Sewer Paid
Stories Total
2
Water Source
Public

Financial

Buyer Agent Compensation
2.000
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing

Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…

More About James

Mortgage Calculator

 

Map

Similar Listings Nearby

3321 Chester Lane
Bakersfield, CA
0/5 (0 Reviews)
Scroll to Top