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    2517 7Th St Wasco, CA 93280

    For Sale
    $2,999,000

    20-Unit Investment, High Growth Potential

    Property size:
    3,808 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional investment opportunity comprises four well-maintained buildings in Wasco, CA, totaling 20 units. Each building houses five spacious 2-bedroom, 1.5-bathroom units, each approximately 952 square feet. Two recently renovated units demonstrate significant rental increases, presenting a clear path for value-add improvements and revenue growth through selective upgrades across the portfolio. Each building offers convenient on-site laundry facilities for tenants. Ample parking is available, including covered carport spaces and street parking. A central green space enhances the community feel. The property's desirable location near schools, parks, shopping, dining, and Dignity Health Memorial Hospital (30 minutes away) attracts a diverse and stable tenant base. The strong rental history and tenant-friendly amenities make this a compelling investment for long-term stability and increased returns. This portfolio is being sold as a complete package, encompassing all four buildings (2501, 2517, 2533, and 2549 7th Street), each with five units, for a total of 20 units. The property sits on a 0.22-acre lot and offers a total of 3,808 square feet of building space. This is a prime rental opportunity with significant upside potential in a competitive market. The property is priced at $2,999,000.

    Property Features for 2517 7Th St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,808 SF
    Lot Size
    9,583 SF

    Building Details

    Year Built
    1981
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wasco
    County
    Kern
    State
    California
    Longitude
    -119.3543
    Latitude
    35.59403

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    FAQs

    What type of property is this?
    Commercial real estate - 20-Unit Investment, High Growth Potential
    Where is this commercial real estate located?
    The property is located at 2517 7Th St Wasco, CA.
    What is the asking price?
    The asking price for this property is $2,999,000.
    (949) 354-0450
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    2517 7Th St Wasco, CA 93280
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    Wasco, CA 93280
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2517 7Th St Wasco, CA 93280
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