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$ 5,600,000
Est. payment | /mo
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Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-28933
HOA Y/N No
Year Built 1983
Property Sub-Type Multi Family
Property Description
The Cedarvale Apartment complex (built in 1983) features 40 two bed, one bath units contained within 10 buildings in an attractive setting surrounded by mature trees & lawns. All roofs were replaced in 2019 & new A/C units were installed on all buildings. Each building has two ground floor units & two second floor units w/balconies. Each unit has granite countertops & hard surface tile/wood flooring throughout (no carpet in any unit). The property is gated & located adjacent to South High school w/easy access to Highway 99 which now links up to the Westside Parkway providing quick commutes to most areas of Bakersfield. There's plenty of parking with 73 spaces, 37 of which are covered. Bakersfield continues to grow as a top destination for affordable housing & business friendly policies throughout Central & Southern California. This property consists of two separate APNs: 025-210-03, 025-210-04 w/a combined building square footage of 36,640 sf.
Location
State CA
County Kern
Area Bksf - Bakersfield
Zoning R-3, R-2
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Electric Dryer Hookup, Inside
Exterior
Carport Spaces 37
Fence Security, Wrought Iron
Community Features Gated
Roof Type Composition
Present Use Multi-Family
Total Parking Spaces 73
Building
Lot Description 21-25 Units/Acre
Dwelling Type Multi Family
Story 2
Water Public
Others
Tax ID 02521003
Security Features Gated Community
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Listed by William Gordon • Watson Realty • gordon@gordonteamrealty.com
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Heiner And Natalia Escobar
REALTORS® | Lic# 01758326 | 01751260