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$2,100,000
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1131 Lincoln St
Bakersfield, CA 93305
32 bed None bath 13,600 SqFt ($154/SqFt)
0.6 acre lot. Built 1977
Listed 2024-03-20, Taxes $26,528
Ⓧ USDA Ineligible
due to price & location

near Bakersfield

Latest Value Estimates: $2,056,567 from Quantarium on 2024-04-24. Forecast Estimate Value:$2,047,603 in 2025-04-01 by Quantarium.

This multi family apartment consists of 16 vast 2 Bd/ 1.5Ba in Bakersfield

CA. This apartment complex neighbors the community of Hillcrest and Bakersfield Country Club. The property was constructed in 1977 and is almost always fully occupied. The Lincoln Apartments are located east of Hwy 178 off of Flower street. Bakersfield is conveniently located between San Francisco and Los Angeles which are becoming more expensive to live and thus increasing the population in the city of Bakersfield, Ca.

Due to its prime loction, many manufacturing companies have made Bakersfield their home which provide many job opportunities and drive the demand for apartment living. Lastly, Don't miss this rare opportunity to own the Lincoln Apartments!


Presented by Charly Ubaldo at
KELLER WILLIAMS EMPIRE ESTATES.


Property MLS #DW24055618 from CRMLS

Bedrooms: 32

Laundry Features: Common Area, Washer Hookup

Lot Description: 0-1 Unit/Acre
Lot Size Acres: 0.6
Lot Size Source: Assessor
Lot Size Square Feet: 26136

Number of Units: 16
Bedrooms in Unit-1: 2
Total Bathrooms in Unit-1: 32

Community Features: Golf

Source Listing Status: Active
County: Kern
Source Property Type: Residential Income
Area: BKSF - Bakersfield
Source Neighborhood: BKSF - Bakersfield
Number of Separate Electric Meters: 17
Number of Separate Gas Meters: 17
Number of Separate Water Meters: 1
Parcel Number: 12708018001
Zoning: R-3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$1,153,203 + $109,239
$1,262,442
$26,528
2021$1,130,592 + $107,098
$1,237,690
$25,199
2020$707,000 + $125,000
$832,000
$19,886
2019$707,000 + $125,000
$832,000
$19,393
2018$707,000 + $125,000
$832,000
$21,630
2017$707,000 + $125,000
$832,000
$21,132
2016$442,000 + $78,000
$520,000
$9,104
2015$520,000 + $80,000
$600,000
$10,091
2014$520,000 + $80,000
$600,000
$9,962
2013$520,000 + $80,000
$600,000
$10,104
2012$520,000 + $80,000
$600,000
$10,234
2011$520,000 + $80,000
$600,000
$10,232
2010$150,000 + $750,000
$900,000
$13,639
2009$150,000 + $750,000
$900,000
$13,673
2007$1,144,440 + $156,060
$1,300,500
$17,622
2006$1,122,000 + $153,000
$1,275,000
$11,421

Listed 2024-03-20
$2,100,000
CRMLS
Listing removed 2024-03-18
$0
CRMLS
Listed 2024-01-17
$2,100,000
CRMLS
Listing removed 2022-11-04
$0
CRMLS
Sold 2022-08-15
$1,855,000
Public Record
Listed 2022-06-04
$1,925,000
CRMLS
Sold 2020-03-24
$1,225,000
Public Record
Listing removed 2019-06-10
$0
CRMLS
Listed 2019-01-24
$1,315,000
CRMLS
Listing removed 2018-12-08
$0
CRMLS
Relisted 2018-08-02
$1,325,000
CRMLS
Listing removed 2018-07-27
$0
CRMLS
Listed 2018-06-06
$1,325,000
CRMLS
Sold 2006-01-30
$1,250,000
Public Record
Sold 2001-02-22
$325,000
Public Record

Net Operating Income: 109749.00

Total Square Feet Living: 13600
Year Built: 1977
Building Features: 4
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 47
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Public Records

Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Water Source: Public

Jefferson Elementary School is a public elementary school located approximately 0.3 miles away.
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Highland High School is a public high school located approximately 3 miles away.
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Walter Stiern Middle School is a public middle school located approximately 3.9 miles away.
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Bakersfield Carden School is a private elementary and middle school located approximately 1 miles away.
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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.