Wow! What a great new offering on the market! The property consists of two duplex buildings that have received some refurbishing in recent few weeks. The units should be fully occupied by end of month with very stable tenants. 3 have scheduled rents of $550,550,525. The 4th unit has long-term tenant at $500, that can be raised. The 8 GRM is an excellent multiplier for a property with stable tenants and already refurbished condition. Won't last long!The property is located in East Bakersfield a few blocks East of Mt. Vernon in a pleasant peaceful blue collar working area. Many residents in the area have lived here all their lives. All shopping, schools, and employment centers are very close by.
As of today, there are 239 properties listed for sale in ZIP code 93306 and 1,641 properties listed for sale in the city of Bakersfield, CA. This property at 2501 Lake St in 93306 was last listed for $192,500. This is 25% below the current $255,900 median price for Bakersfield and 21% below the median of $242,740 for 93306. Of the 1,641 properties for sale in Bakersfield, 1,632 are single family homes and 9 are condos. 2501 Lake St is a single family home that is approximately 1,728 square feet, 6% below the Bakersfield median of 1,837 and 10% below the 93306 ZIP code median of 1,930. The price per square foot was $111 which is 10% below the current median price in 93306 of $124 and 17% below the Bakersfield median of $133 per Sqft.
Built in 1948, this single family house at 2501 Lake St, Bakersfield CA, 93306 is approximately 1,728 square feet and comes with 4 parking spots. It was last listed with a cost per Sqft of $111. 2501 Lake St is located in the Bakersfield City. The closest school is Horace Mann Elementary School.
2501 Lake St, Bakersfield CA, 93306 was on the market for 61 days. The median days on the market for properties in this area is 46 with a median list price of $255,900 and median cost per square foot of $133. Its current status is sold under the MLS #21703111.