Bakersfield, CA 93305,510 Lake Street
Bakersfield, CA 93305,510 Lake Street
Bakersfield, CA 93305,510 Lake Street
3
$600,000
Est.Price: ?

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4,608 SqFt

510 Lake Street Bakersfield, CA 93305

Est. payment /mo
SOLD DATE : 03/22/2024

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Key Details

Property Type Commercial

Sub Type 5 - 10 Units

Listing Status Sold

Purchase Type For Sale

Square Footage 4,608 sqft

Price per Sqft $117

MLS Listing ID 202401804

Sold Date 03/22/24

Year Built 1979

Property Description

510 Lake Street- Experience an incredible investment opportunity at 510 Lake Street, Bakersfield, CA, where six bread and butter 2-bedroom/1-bath units await in this property constructed in 1979. Priced attractively at $600,000, each unit costs only $100,000, making it an exceptional deal. With a Gross Rent Multiplier of 9.81, this property promises solid returns, reflecting its potential for lucrative rental income. Don't miss out on this chance to secure a profitable asset in a desirable location. Three units have immediate rent upside.

Location

State CA

County Kern

Area 31

Exterior

Parking Features Uncovered

Building

Story 2

Schools

Elementary Schools Longfellow

Middle Schools Washington

High Schools Bakersfield

School District Bakersfield City

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Golden Empire MLS (Bakersfield AOR)
Listed by Marc A Thurston • ASU Commercial
Bought with Marc A Thurston • ASU Commercial

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