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$1,800,000   Price Analysis
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2325 Chester Ln
Bakersfield, CA 93304
Unknown bed None bath 7,280 SqFt ($247/SqFt)
0.62 acre lot. Built 1947
Listed 2024-03-29, Taxes $18,487
Ⓧ USDA Ineligible
due to price & location

near Bakersfield

Introducing an enchanting fourteen-unit cottage-style apartment complex for sale.

Comprising fourteen (14) one-bedro om, one-bathroom units, set on a 27, 007 sq.ft. lot with 7, 280 sq.ft. of gross rentable space. The majority of units underwent renovations in 2021 and has plenty of room for rental increases.

Nestled in Bakersfield's coveted downtown, these cottages promise low vacancy rates. Don't let this chance slip away to own a slice of the picturesque and historic Oleander Communty!


Presented by Esteban Contreras at
Central Valley Property Advisors.


Property MLS #202403022 from Bakersfield

Cooling Features: Evaporative, Floor/Wall Heater
Heating Features: Evaporative, Floor/Wall Heater
Evaporative
Floor/Wall Heater

Lot Dimensions Source: SqFt
Lot Size Acres: 0.6199954
Lot Size Source: (Public Record)
Lot Size Square Feet: 27007

Garage Description: Uncovered
Parking Features: Uncovered

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Penn, William
Elementary School District: Bakersfield City
High School: Bakersfield
Middle School: Curran

William Penn Elementary School is a public elementary school located approximately 0.1 miles away.
directions icon Map directions

Bakersfield High School is a public high school located approximately 0.4 miles away.
directions icon Map directions

Emerson Middle School is a public middle school located approximately 1.1 miles away.
directions icon Map directions

St. Francis is a private elementary and middle school located approximately 0.2 miles away.
directions icon Map directions

Number of Units: 14

Number of Units Vacant: 3
Vacancy Allowance: 3

City Region: Bakersfield
Source Listing Status: Active
County: Kern
Cap Rate: 0.06
Source Property Type: ResidentialIncome
Area: 10
Source Neighborhood: Chester Tract
Postal Code Plus 4: 1985
Subdivision: Chester Tract
Property Subtype: 11 Plus
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$1,058,760 + $153,000
$1,211,760
$18,487
2021$618,800 + $109,200
$728,000
$12,156
2020$618,800 + $109,200
$728,000
$11,982
2019$618,800 + $109,200
$728,000
$11,976
2018$618,800 + $109,200
$728,000
$11,926
2017$618,800 + $109,200
$728,000
$12,071
2016$618,800 + $109,200
$728,000
$11,327
2015$360,000 + $80,000
$440,000
$8,123
2014$360,000 + $80,000
$440,000
$8,000
2013$360,000 + $80,000
$440,000
$8,119
2012$360,000 + $80,000
$440,000
$8,249
2011$360,000 + $80,000
$440,000
$8,288
2010$688,150 + $158,803
$846,953
$12,925
2009$689,785 + $159,181
$848,966
$12,928
2007$676,260 + $156,060
$832,320
$11,878
2006$663,000 + $153,000
$816,000
$11,160

Listed 2024-03-29
$1,800,000
Bakersfield
Listing removed 2024-02-03
$0
Bakersfield
Relisted 2023-10-02
$1,980,999
Bakersfield
Listing removed 2023-10-01
$0
Bakersfield
Relisted 2023-09-28
$1,980,999
Bakersfield
Listing removed 2023-09-05
$0
Bakersfield
Price Changed 2023-05-29
$1,980,999
Bakersfield
Listing removed 2023-03-13
$0
Bakersfield
Listed 2023-03-13
$1,999,999
Bakersfield
Listed 2022-09-22
$2,025,000
Bakersfield
Sold 2021-03-30
$1,188,000
Bakersfield
Sold 2005-08-26
$800,000
Public Record

Net Operating Income: 105255

Total Square Feet Living: 7280
Year Built: 1947
Property Age: 77
Levels or Stories: 2
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.