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1234 Chester Avenue

Bakersfield, CA 93301
  • $2,200,000
  • STATUS: Active
  • ON SITE: 302 Days
  • ID#: 202303479
UPDATED: 49 min ago
$2,200,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,489
    SQFT
  • $294
    $/SQFT
Neighborhood:
10
Type:
Commercial
Built:
1962
County:
Area:
10

School Ratings & Info

Description

ASU Commercial is pleased to offer for sale this four property investment portfolio in the heart of Downtown Bakersfield. The properties have been owned by a single family for decades and features the potential for rent growth and enhanced income. The offering includes the following properties: 1222-1232 Chester Avenue - Three buildings on one parcel, four existing tenants with one 1,280 SF vacancy; 1234 Chester Avenue - Two-story multi-tenant office building with 12 total units, two currently vacant; 1300-1304 Chester Avenue - Three buildings on one parcel, two single tenant office buildings and one residential four-plex, fully occupied; 1306 Chester Avenue - Single tenant commercial building occupied on a month-to-month basis. Located a block away from Bakersfield City Hall and the Kern County Superior Court, the offering includes a diversified mix of small multi-tenant suites and one single tenant building. All existing occupancy is on short term or month-to-month leases.

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Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2024. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Valley Homes | Legacy Real Estate or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-02-28T16:32:40.493.
www.valleyhomes.properties/homes/139111554
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1234 Chester Avenue Bakersfield, CA 93301

  • Price: $2,200,000
  • Status: Active
  • On Site: 302 Days
  • Updated: 49 min ago
  • ID#: 202303479
0
Beds
0
Baths
0
½ Baths
0.21
Acres
7,489
SQFT
$294
$/SQFT
1962
Built
Neighborhood:
10
County:
Kern
Area:
10
Property Description
ASU Commercial is pleased to offer for sale this four property investment portfolio in the heart of Downtown Bakersfield. The properties have been owned by a single family for decades and features the potential for rent growth and enhanced income. The offering includes the following properties: 1222-1232 Chester Avenue - Three buildings on one parcel, four existing tenants with one 1,280 SF vacancy; 1234 Chester Avenue - Two-story multi-tenant office building with 12 total units, two currently vacant; 1300-1304 Chester Avenue - Three buildings on one parcel, two single tenant office buildings and one residential four-plex, fully occupied; 1306 Chester Avenue - Single tenant commercial building occupied on a month-to-month basis. Located a block away from Bakersfield City Hall and the Kern County Superior Court, the offering includes a diversified mix of small multi-tenant suites and one single tenant building. All existing occupancy is on short term or month-to-month leases.
Property Features

Annual Gross Income 168720.00 Annual Net Income 118266.20 Cap Rate 5.38% Commercial Type Commercial Current Use Office with one residential 4-plex Total Annual Expense 50453.80 Zone C-C Commercial Center Zone

Listing courtesy of Matthew Starr of ASU Commercial: .


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2024. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Valley Homes | Legacy Real Estate or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-02-28T16:32:40.493.
 
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