116 Beardsley Avenue

Bakersfield, CA 93308

  • 0 Bed(s)
  • 0 Bath(s)
  • 10,064 Sqft
  • 19602
    Sqft(Lot)
$1,595,000

Description

This property offers an exceptional high cap rate of over 9% and immediate opportunity to increase cash flow. excellent value-add property with most rents poised for a 10% increase in 2025, with market rents reaching up to $1,375 per month, unlocking substantial revenue potential.

each unit comes with separate utility meters, making it easier to manage costs, while the roof-mounted ac units with central heating and air conditioning provide added convenience and energy efficiency. eight units have been updated in 2024 including heaters and a/c units, plumbing and more. all units come with a parking, plus 2 guest parking spots; easily reline the lot to create even more parking spaces to increase tenant satisfaction and appeal. this is a rare opportunity for investors looking for a property with strong income growth, low operating costs, and increasing market demand. the laundry room is not being used; this can add more income if operated. the street is part of the city's beautifying project adding additional value for the years to come. additionally, two new apartment buildings are planned in the area, boosting future demand and property value. close to shopping and freeways, the building has a very high occupancy rate and quick turnover.

  • Property Type

    Residential Income

  • County

    Kern

  • Style

    Residential Income

  • AD ID

    48521687

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1969
    • Building Area Total: 10,064

    Pool Features

    • None

    Laundry Features

    • Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.45
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 19602

  • Listing Price Information

    • Original List Price: 1,595,000
    • Listing Contract Date: 2025-02-03

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 11425041002

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: BKSF - Bakersfield
    • Postal Code Plus 4: 4800
    • Directions: Take Chester Ave to Beardsley Ave
    • Zoning: R-2
    • Source Property Type: Residential Income
    • Area: BKSF - Bakersfield
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 56
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Front door
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 05/13/2025 @ 05:44

  • MLS: GD25024858
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 10,064 sqft, 19,602 sized lot, and 0 parking. are nearby neighborhoods.