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    525 Butte St Bakersfield, CA 93305

    Sponsored
    For Sale
    $349,000

    Two homes, industrial zoning, value-add opportunity.

    Property size:
    492 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional value-add opportunity presents two homes situated on a single lot in Bakersfield, California. The property boasts a total of 1,706 square feet of net rentable space, distributed across two buildings. The front unit, a 1,214 square foot, two-bedroom, one-bathroom residence, is currently occupied. The rear unit, a 492 square foot, one-bedroom, one-bathroom residence, has been completely restored following fire damage and is currently vacant. This presents a unique chance to increase occupancy and rental income. The property sits on a sizable lot ranging from 7,500 to 7,600 square feet and is zoned M-1, offering significant flexibility for future development or expansion. The property is offered fee simple, with an asking price of $349,000. The address is 525 Butte St, Bakersfield, CA 93305, in Kern County. The property features alley access to the rear unit. Currently, the occupancy rate is 50%. This is a Class C property with significant redevelopment potential. The property's APN is 016-430-06. This is an ideal investment for those seeking a blend of immediate rental income and long-term redevelopment potential in a prime Bakersfield location.

    Property Features for 525 Butte St

    General Information

    Property type
    Multifamily properties
    Square Feet
    492 SF
    Class
    C

    Building Details

    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • Multi‑family property: two homes on one lot.
    • M‑1 industrial zoning.
    • Rear unit fully renovated after fire damage.
    • Owner‑occupied with potential for rental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -118.9978443
    Latitude
    35.3698133

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    FAQs

    What type of property is this?
    Multifamily property - Two homes, industrial zoning, value-add opportunity.
    Where is this multifamily property located?
    The property is located at 525 Butte St Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: Multi-family property: two homes on one lot.; M-1 industrial zoning.; Rear unit fully renovated after fire damage.
    Request Owner's contact information
    525 Butte St Bakersfield, CA 93305
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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
    525 Butte St Bakersfield, CA 93305
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