3321 Chester Lane
Bakersfield, CA 93309
- – beds
- – baths
- – sqft
- ~1 acre lot
- 1984 build
- – on site
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Major price adjustment - seller willing to meet the market. The Chester Lane Townhomes is a true opportunity for a savvy investor; priced well below replacement cost ($131 CPSF) and 6.42 Cap/8.8 GRM on actual rents with upside to 7.67 Cap/7.95 GRM on market rents. The subject property is a 16 unit multifamily property located approximately 1/4 of a mile from the 99 frwy and California Avenue Exit (west Bakersfield), in a quiet cul-de-sac street. Built in 1984, the Chester Lane Townhomes are situated on a self-contained, gated access, 40,000 sf lot and consists of 16 spacious (2+1.5) townhome style units with approx. 950 sf each; all units have central AC/HT, patios, in-unit washer & dryer hookups, separate gas/electric meters, and RUBS in place for lower overall landlord utility expense. There is ample parking available with a total of 33 onsite spaces of which 12 are covered. There are two potential onsite storage rooms (currently unrented) for additional landlord income. The Chester Lane Townhomes is priced to sell, well below replacement - a perfect apartment investment for investors looking for cash flow and equity growth.
Last checked:
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Last updated May 11, 2024
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MLS# PW24006820 —
The Building
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Year Built:1984
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:15520.00
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Building Area Units:Square Feet
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Total Number Of Units:16
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# of Buildings:4
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Roof:Tile
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Stories Total:2
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Entry Level:1
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Common Walls:1 Common Wall, No One Above
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# of Separate Gas Meters:16
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# of Separate Water Meters:1
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# of Separate Electric Meters:16
Interior
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Levels:Two
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Entry Location:1
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Laundry:Stackable
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Laundry:1
Location
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Directions:. The subject property is ideally located approximately 1/4 of a mile from the 99 frwy and California Avenue Exit, in a quiet Cul- De-Sac Street
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Latitude:35.36943500
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Longitude:-119.04774500
The Property
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Property Type:Residential Income
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Subtype:Townhouse
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Zoning:R-2
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Lot Features:16-20 Units/Acre, Lot Over 40000 Sqft
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Lot Size Area:40075.0000
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Lot Size Acres:0.9200
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Lot Size SqFt:40075.00
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Lot Size Source:Assessor
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Fencing:Block
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Fence:Yes
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Road Surface Type:Paved
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Utilities
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Utilities:Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Sewer:Sewer Paid
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Water Source:Public
The Community
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Features:Curbs, Sidewalks
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking:Yes
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Parking:Covered, Asphalt, Paved, Gated, Parking Space
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Parking Spaces:45.00
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Uncovered Spaces:33.00
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Carport Spaces:12.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/10/24
May 10, 2024
|
Sold | CRMLS_CA | $2,000,000 | 0.5% |
2/28/24
Feb 28, 2024
|
Pending | CRMLS_CA | $1,990,000 | |
2/14/24
Feb 14, 2024
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Price Changed | CRMLS_CA | $1,990,000 | -16.9% |