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501 McCord Avenue (151 Oildale Drive) 151 Oildale Dr

7 Unit Apartment Building $895,000 ($127,857/Unit) Bakersfield, CA 93308

Apartment Buildings California Bakersfield 151 Oildale Dr, Bakersfield, CA 93308

Investment Highlights

  • 7 unit complex
  • Uncovered parking
  • Located in Oildale

Executive Summary

Opportunity for a 7 unit complex in Oildale. Units are located on a corner lot with street parking and on site parking available. One unit is 2 stories, the other units are 1 story.

Property Facts

Price $895,000 Building Class C
Price Per Unit $127,857 Lot Size 0.51 AC
Sale Type Investment Building Size 6,746 SF
Gross Rent Multiplier 10.21 Average Occupancy 100%
No. Units 7 No. Stories 2
Property Type Multifamily Year Built 1981
Property Subtype Apartment Parking Ratio 1.48/1,000 SF
Apartment Style Low Rise Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $895,000
Price Per Unit $127,857
Sale Type Investment
Gross Rent Multiplier 10.21
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.51 AC
Building Size 6,746 SF
Average Occupancy 100%
No. Stories 2
Year Built 1981
Parking Ratio 1.48/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 6 $1,079 -
3+1.5 1 $1,043 -

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PROPERTY TAXES

Parcel Number 114-200-05-00-3 Improvements Assessment $122,373
Land Assessment $61,542 Total Assessment $183,915

PROPERTY TAXES

Parcel Number
114-200-05-00-3
Land Assessment
$61,542
Improvements Assessment
$122,373
Total Assessment
$183,915

zoning

Zoning Code R2 (Residential)
R2 (Residential)
  • Michael Freedman
    Michael Freedman
  • American Real Estate & Property
(661) 331-9555

  • Listing ID: 29729235

  • Date on Market: 10/6/2023

  • Last Updated:

  • Address: 151 Oildale Dr, Bakersfield, CA 93308

More public record information on 151 Oildale Dr, Bakersfield, CA 93308

The North Bakersfield Multifamily Property at 151 Oildale Dr, Bakersfield, CA 93308 is currently available. Contact American Real Estate & Property for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

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501 McCord Avenue (151 Oildale Drive) | 151 Oildale Dr
(661) 331-9555 x

501 McCord Avenue (151 Oildale Drive) | 151 Oildale Dr

Michael Freedman

(661) 331-9555

(661) 331-9555

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