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Property profile

14801 Casa Club Dr Bakersfield, CA 93306

OFF-MARKET
Land
Property ID
US09-4917694
19 ac lot
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Property summary

AI-generated overview

This exceptional 19-acre property in Bakersfield, California, presents a unique investment opportunity. Located at 14801 Casa Club Dr, 93306, within the gated Rio Bravo Country Club, this land boasts an approved map for the development of 185 single-family detached (SFD) homes. The property is zoned R-2 Residential, with a density of 10 units per acre. Its prime location offers a tranquil setting, nestled within a championship golf course, with 46 lots directly bordering the course. The elevated position provides stunning views and avoids the Bakersfield fog and smog. The flat, 19-acre site (APN 387-010-25-00) is ideal for development. Bakersfield's diverse economy, encompassing agriculture, oil, and government sectors, ensures a strong market for affordable housing. This "affordable by design" project offers significant potential for substantial returns. The property's location in Kern County, with Bakersfield as the county seat, provides further advantages. This is a rare chance to acquire a fully approved development site in a desirable, gated community setting. The asking price is $3,700,000.

Property profile

Verified
Property type Land
Lot 19 ac (827,640 SF)
UPID US09-4917694

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

14801 Casa Club Dr Bakersfield, CA 93306
Bakersfield metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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