Oak Park Townhomes | 729 L St
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Oak Park Townhomes 729 L St
16 Unit Apartment Building $4,200,000 ($262,500/Unit) 5.65% Cap Rate Bakersfield, CA 93304
Investment Highlights
- 8 Individually Parceled Duplexes Built in 2008
- Prime Location in Desirable Rental Area
- Operational Upside and Economies of Scale
- Upside Potential in Market Rents
- Spacious 3-Bedroom Units with Excellent Amenities
- Can be purchased with 331 Pacheco Ave as a portfolio of 48 Units
Executive Summary
Upside Potential in Market Rents
Prime Location in Desirable Rental Area
Spacious 3-Bedroom Units with Excellent
Amenities
Operational Upside and Economies of Scale (as a
portfolio)
Can be purchased with 331 Pacheco for a total of 48 Units
Prime Location in Desirable Rental Area
Spacious 3-Bedroom Units with Excellent
Amenities
Operational Upside and Economies of Scale (as a
portfolio)
Can be purchased with 331 Pacheco for a total of 48 Units
Property Facts
| Price | $4,200,000 | Building Class | C |
| Price Per Unit | $262,500 | Lot Size | 0.72 AC |
| Sale Type | Investment | Building Size | 20,560 SF |
| Cap Rate | 5.65% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.51 | No. Stories | 2 |
| No. Units | 16 | Year Built | 2008 |
| Property Type | Multifamily | Parking Ratio | 0.97/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Townhome |
| Price | $4,200,000 |
| Price Per Unit | $262,500 |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| Gross Rent Multiplier | 11.51 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 20,560 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2008 |
| Parking Ratio | 0.97/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Ceiling Fans
- Kitchen
- Oven
- Tub/Shower
- Breakfast Nook
- Double Pane Windows
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 16 | $1,900 | 1,400 |
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Walk Score ®
Very Walkable (83)
zoning
| Zoning Code | R-3 (R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max)) |
| R-3 (R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max)) |
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Oak Park Townhomes | 729 L St
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