Entitled Multi-Unit Residential
For Sale
$195,000
Pending
1902 Lotus Ln, Bakersfield, CA 93307
Ready-to-issue permits support a 14-unit apartment plan plus three ADUs with utilities available for connection.
Property SizeContact for details
Days on Market75
Property Features for 1902 Lotus Ln
General Information
Standard status
Pending
Property subtype
Land
Additional Details
Utilities to Site
Yes
Multifamily Units
17
Listing Agency:
The Mora Partners Inc.
Listed By:
Alejandro Mora · License #01820381
(661) 463-8186
Source:
Elliman
Added: Jun 20
Changed: Aug 8
Last Checked: Aug 8 at 7:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Mora Partners Inc.
Investment Insights
Based on property information with market context.
This residential land opportunity is positioned for a fast project start, with ready-to-issue permits for 14 units plus three ADUs, for a total of 17 rentable units. The site’s development concept is laid out as seven two-story duplexes, and each unit includes a 2-car garage. Plans are drawn and permits are in hand, helping streamline the move from entitlement to construction.
Utilities are available at the lot, with water, sewer, gas, and electric ready to connect. Based on the provided information, the project is already organized around the permit-ready design, which can reduce early planning friction for a builder or operator.
For buyers looking to develop rather than start from scratch, this offering provides a straightforward path to proceed with an already permitted multi-unit plan. The combination of primary apartments and three ADUs may also support diversified on-site unit mix, while keeping the scope aligned to the approved structure and garage layouts. Whether you’re assembling a new development pipeline or adding an entitled site to your portfolio, the existing permit status and utility readiness are the key practical advantages highlighted here.
Utilities are available at the lot, with water, sewer, gas, and electric ready to connect. Based on the provided information, the project is already organized around the permit-ready design, which can reduce early planning friction for a builder or operator.
For buyers looking to develop rather than start from scratch, this offering provides a straightforward path to proceed with an already permitted multi-unit plan. The combination of primary apartments and three ADUs may also support diversified on-site unit mix, while keeping the scope aligned to the approved structure and garage layouts. Whether you’re assembling a new development pipeline or adding an entitled site to your portfolio, the existing permit status and utility readiness are the key practical advantages highlighted here.
Key Highlights
- Ready‑to‑issue permits for a 14‑unit apartment complex plus 3 ADUs (17 rentable units total).
- Plans are drawn and permits are in hand for the proposed 17‑unit project.
- Utilities are available at the lot with water, sewer, gas, and electric ready to connect.
Property Analytics
Property Profile
Current Use
Lease Details
17
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Explore this area
Business Placement
Demographics for 93307, CA
88,338
Population
24,349
Households
3.6
Avg Household Size
29
Median Age
7%
College-Educated
59%
High-School Grad
141.2 sq mi
ZIP Area
626
Density / Sq Mi
$52,572
Median Household Income
$29,141
Median Earnings
$1,195
Median Rent
$238,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Ready-to-issue permits support a 14-unit apartment plan plus three ADUs with utilities available for connection.
Where is this residential land & home lot located?
The property is located at 1902 Lotus Ln Bakersfield, CA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Ready‑to‑issue permits for a 14‑unit apartment complex plus 3 ADUs (17 rentable units total).; Plans are drawn and permits are in hand for the proposed 17‑unit project.; Utilities are available at the lot with water, sewer, gas, and electric ready to connect.
