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    2325 Chester Ln Bakersfield, CA 93304

    Sponsored
    For Sale
    $1,800,000

    14-Unit Apartment Building, High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 14-unit apartment building presents a compelling investment opportunity in Bakersfield, California. Located at 2325 Chester Ln, this property boasts 7,280 square feet of net rentable space, achieving a strong 6.18% cap rate with a current NOI of $111,245. The property features a desirable mix of units, primarily one-bedroom, one-bathroom apartments, many constructed in a sought-after cottage style. All units underwent a complete renovation in 2021, resulting in 100% occupancy. Built in 1947, the property comprises ten buildings across two stories, situated on a sizable 27,007 square foot lot. The R-3 zoning permits a variety of uses. The asking price is $1,800,000, translating to $128,571 per unit. This prime location within a high-demand rental area ensures consistent cash flow and strong appreciation potential. The property's recent renovations, desirable unit style, and high occupancy rate make it an attractive investment for both seasoned and new investors seeking a stable and profitable multifamily asset in a thriving California market. The APN is 00732102. This is a turnkey opportunity with immediate income generation.

    Property Features for 2325 Chester Ln

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built/Renovated
    1947/2021
    Buildings
    10
    Stories
    2
    Units
    14

    HighLights

    • Fully remodeled 14‑unit apartment building.
    • Desirable cottage‑style construction.
    • High‑demand unit mix with 100% occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage 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
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.02871106
    Latitude
    35.36487269

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    FAQs

    What type of property is this?
    Multifamily property - 14-Unit Apartment Building, High ROI
    Where is this multifamily property located?
    The property is located at 2325 Chester Ln Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Fully remodeled 14-unit apartment building.; Desirable cottage-style construction.; High-demand unit mix with 100% occupancy.
    Request Owner's contact information
    2325 Chester Ln Bakersfield, CA 93304
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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
    2325 Chester Ln Bakersfield, CA 93304
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