Pacheco Luxury Townhomes | 331 Pacheco Rd
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Pacheco Luxury Townhomes 331 Pacheco Rd
32 Unit Apartment Building $7,200,000 ($225,000/Unit) 5.50% Cap Rate Bakersfield, CA 93307
Investment Highlights
- Upside Potential in Market Rents and RUBS allocation
- Spacious 2- and 3-Bedroom Units with Excellent Amenities
- Can be Purchased with 729 L St as a Portfolio for a total of 48 units
- Prime Location in Desirable Rental Area
- Operational Upside and Economies of Scale (As a Portfolio)
Executive Summary
o Newer 2007 construction
o Market rent upside
o RUBS upside
o Located in desirable rental area
o Large 2 and 3 bedroom units
Can be purchased with 729 L Street for a total of 48 units
o Market rent upside
o RUBS upside
o Located in desirable rental area
o Large 2 and 3 bedroom units
Can be purchased with 729 L Street for a total of 48 units
Property Facts
| Price | $7,200,000 | Apartment Style | Garden |
| Price Per Unit | $225,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.84 AC |
| Cap Rate | 5.50% | Building Size | 36,160 SF |
| Gross Rent Multiplier | 11.02 | Average Occupancy | 97% |
| No. Units | 32 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2007/2016 |
| Property Subtype | Apartment | Parking Ratio | 1.52/1,000 SF |
| Price | $7,200,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 11.02 |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.84 AC |
| Building Size | 36,160 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 2007/2016 |
| Parking Ratio | 1.52/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Wheelchair Accessible (Rooms)
Site Amenities
- Property Manager on Site
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 16 | $1,600 | 1,060 |
| 3+2.5 | 16 | $1,800 | 1,245 |
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PROPERTY TAXES
| Parcel Number | 412-010-34-00-5 | Improvements Assessment | $3,295,374 |
| Land Assessment | $355,433 | Total Assessment | $3,650,807 |
PROPERTY TAXES
Parcel Number
412-010-34-00-5
Land Assessment
$355,433
Improvements Assessment
$3,295,374
Total Assessment
$3,650,807
zoning
| Zoning Code | R-2 |
| R-2 |
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Pacheco Luxury Townhomes | 331 Pacheco Rd
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