6350 Summerfield Dr Bakersfield, CA 93313
- Residential income homes
- 4,028 SF
Current Use by Public Records
- Lasher Express Inc / Shipping Company
Property Details for 6350 Summerfield Dr
- Year built
- 1985
- Property size
- 4,028 SF
- Property type
- Residential income homes
- APN
- 37144003
Description
This exceptional four-unit multifamily property, located at 6350 Summerfield Dr, Bakersfield, CA 93313, presents a compelling investment opportunity. Built in 1985, this single-story complex boasts a total of 4,028 square feet situated on an 8,276 square foot lot. The property features four units, each offering two bedrooms and one and a half bathrooms, currently fully occupied. With a 5% cap rate and an asking price of $975,000 ($242.06 per square foot), this property offers strong potential for return on investment. The property is zoned R3 and includes four parking spaces. Its prime location in a busy area of Bakersfield provides easy access to shopping centers, schools, parks, and Highway 99, ensuring high tenant demand and low vacancy rates. The units have a history of consistently increasing rental income year over year, demonstrating the property's strong financial performance and stability. The property's Assessor's Parcel Number (APN) is 37144003. This is a rare opportunity to acquire a well-maintained, cash-flowing multifamily property in a desirable Bakersfield location. Don't miss out on this chance to add a valuable asset to your portfolio.
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
- -119.0524863
- Latitude
- 35.2961906
