10
See all 10 photos
$195,000
Est. payment /mo
40,560 SqFt
Active Under Contract
1902 Lotus Lane Bakersfield, CA 93307
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Key Details
Property Type Vacant Land
Sub Type Lot
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 40,560 sqft
Price per Sqft $4
MLS Listing ID 202606300
Lot Size 0.931 Acres
Property Sub-Type Lot
Property Description
Ready-to-Issue Permits for 14 Units + 3 ADU's! This one is as close to go-time as land gets! 1902 Lotus Lane comes with ready-to-issue permits for a 14-unit apartment complex plus 3 ADUs - 17 rentable units total. Plans are drawn, permits are in hand, and all utilities are available at the lot. Water, sewer, gas, and electric are ready to connect. You're not buying a vision here - you're buying a running start!The project is designed as 7 two-story duplexes, each unit with a 2-car garage. The 3 ADUs add bonus income with minimal added complexity.At $195,000 that's under $11,500 per door in land cost for a fully permitted 17 unit project - before you've swung a hammer. Bakersfield rental demand is strong and new supply is thin. Permits like this save 12-18 months of time and tens of thousands in entitlement costs. That savings is already built into this price. Ideal for a builder ready to move fast or an investor looking to add a stabilized income property to their portfolio.
Location
State CA
County Kern
Area 41
Zoning R3
Building
Water Cal Water
Schools
Elementary Schools Casa Loma
Middle Schools Sequoia
High Schools Mira Monte
School District Bakersfield City
Listed by Eric Mora • The Mora Partners Inc.
Nearby Locations
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