19
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$2,783,000
Est. payment /mo
25,896 SqFt
Pending
4501 Columbus Street Bakersfield, CA 93306
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Key Details
Property Type Commercial
Sub Type 11 Plus
Listing Status Pending
Purchase Type For Sale
Square Footage 25,896 sqft
Price per Sqft $107
MLS Listing ID 202604937
Year Built 1967
Property Sub-Type 11 Plus
Property Description
Situated in the desirable upper Northeast Bakersfield submarket, 4501 Columbus Street presents a rare opportunity to acquire a well-located 25-unit multifamily community offered at $2,783,000 ($111,320 per unit). Built between 1966-1967 and encompassing approximately 25,896 square feet, the property features a diverse unit mix including 7 spacious 2-bedroom/2.25-bath townhomes, 12 2-bedroom/2-bath units, 5 1-bedroom/1-bath units, and 1 large 3-bedroom/2-bath unit appealing to a broad tenant base. Recent capital improvements include a freshly painted exterior and a recently replaced (2) roofs, reducing near-term maintenance expenses. Current rents range from $829 to $1,400, providing investors with immediate upside through strategic rent increases and operational efficiencies. Ideally located near the scenic Panorama Bluffs, Bakersfield College, and the Bakersfield Country Club, the property benefits from strong rental demand and convenient access to local amenities.
Location
State CA
County Kern
Area 32
Exterior
Parking Features Garage, Carport, Uncovered
Building
Story 2
Schools
Elementary Schools Eissler, Henry
Middle Schools Chipman
High Schools Highland
Listed by Marc A Thurston • ASU Commercial
Nearby Locations
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