525 Butte St Bakersfield, CA 93305
- Flex space
- 492 SF
Current Use by Public Records
- Flex space
Property Details for 525 Butte St
- Property size
- 492 SF
- Property type
- Flex space
- APN
- 016-430-06
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -118.9978443
- Latitude
- 35.3698133
