710 Sequoia Dr Bakersfield, CA 93308
- Residential income homes
- 1,599 SF
Current Use by Public Records
- Residential income homes
Property Details for 710 Sequoia Dr
- Year built
- 1949
- Property size
- 1,599 SF
- Property type
- Residential income homes
- APN
- 11310112
Description
This exceptional investment opportunity presents a three-unit multifamily property situated at 710 Sequoia Drive, Bakersfield, CA 93308. The property, built in 1949, boasts a total of 1,599 square feet across three separate buildings on a 6,098 square foot lot. The property is zoned R1. The three units consist of one two-bedroom, one-bathroom unit and two one-bedroom, one-bathroom units. Each unit features its own private gated yard. Currently operating at 100% occupancy, with an occupancy date of August 26, 2024, this property generates a substantial net operating income (NOI) of $23,760, resulting in a compelling 6.51% cap rate. The asking price is $364,999, translating to $121,666.33 per unit and $228.27 per square foot. This turnkey investment offers a strong return and immediate cash flow, making it an ideal addition to any portfolio. The property's location in Bakersfield, Kern County, provides easy access to local amenities and transportation. The property's APN is 11310112. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable 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
- -119.03420217544
- Latitude
- 35.413134321159
