123 Mccord Ave Bakersfield, CA 93308-4864

This Bakersfield, CA mobile home park presents a compelling value-add investment opportunity. Located at 123 McCord Ave, 93308, in Kern County, this property boasts 20 pads on a 32,670 sq ft lot. Currently operating at 75% occupancy, the park generates a net operating income (NOI) of $69,920, yielding a 7.60% cap rate. A pro-forma analysis projects a NOI of $91,520 and a 9.95% cap rate, indicating significant upside potential. Built in 1949, the park includes one single-story building and features city services for water, sewer, and utilities, along with well-maintained asphalt streets. Seven park-owned homes are included in the sale, estimated at $105,000 value. Additionally, an approximately 1100 sq ft duplex is situated on the property, with an estimated value of $200,000. The property benefits from Opportunity Zone tax advantages. The asking price is $920,000, or $46,000 per pad. Seller financing may be available with a market down payment (20-30%) and interest rate. This property offers a strong foundation for growth and significant return on investment. The APN is 114-250-10-00.