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700 Pine Street

Bakersfield, CA 93304
  • $499,950
  • STATUS: Active Under Contract
  • ON SITE: 40 Days
  • ID#: PI24047158
Under Contract
$499,950
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1953
County:

School Ratings & Info

Listing Agent(s): Larry Moreland of Larry Moreland Real Estate (661-201-8820)


Description

Oleander Triplex Plus (1) unpermitted 4th unit ready for savvy investor. This classic 1950s income property features a duplex and apartment over the garage and additional unpermitted unit that features bedroom and kitchen area. All units feature 2-bedrooms and 1-bathroom with (1) 1-car garage. Color coating done ready for paint. Owner replaced main sewer line, gas line and water line to street in 2004. Front unit of Duplex building was replumbed 2017. Upstairs unit over garage replumbed 2017 and new electrical and panel 2000. All unit entry doors open out and have been replaced with more durable fiberglass doors 2017. Duplex unit's feature framed in porches. Back unit over garage has Bon Air A/C unit replaced 2000 which feeds to unit below. Duplex building has two Bon Air Evaporative coolers replaced 2019. Property is in a row of similar triplex properties close to church, school, eateries downtown and shopping. Big upside potential in rental income with markets of $1,300 month.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-04T00:30:31.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/148383656
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700 Pine Street Bakersfield, CA 93304

  • Price: $499,950
  • Status: Active Under Contract
  • On Site: 40 Days
  • ID#: PI24047158
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1953
Built
Neighborhood:
BKSF - Bakersfield
County:
Kern
Area:
BKSF - Bakersfield
Property Description
Oleander Triplex Plus (1) unpermitted 4th unit ready for savvy investor. This classic 1950s income property features a duplex and apartment over the garage and additional unpermitted unit that features bedroom and kitchen area. All units feature 2-bedrooms and 1-bathroom with (1) 1-car garage. Color coating done ready for paint. Owner replaced main sewer line, gas line and water line to street in 2004. Front unit of Duplex building was replumbed 2017. Upstairs unit over garage replumbed 2017 and new electrical and panel 2000. All unit entry doors open out and have been replaced with more durable fiberglass doors 2017. Duplex unit's feature framed in porches. Back unit over garage has Bon Air A/C unit replaced 2000 which feeds to unit below. Duplex building has two Bon Air Evaporative coolers replaced 2019. Property is in a row of similar triplex properties close to church, school, eateries downtown and shopping. Big upside potential in rental income with markets of $1,300 month.
Exterior Features

Entry Level 1 Entry Location front Lot Features 0-1 Unit/AcreFront YardLawnLevelRectangular Lot Number Of Separate Electric Meters 3 Parking Features DrivewayGarage Parking Total 1 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Common Interest None Community Features CurbsGutter(s)Street LightsSidewalksUrban Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 25200 Gross Scheduled Income 25200 Insurance Expense 200 Land Lease YN No Laundry Features Washer HookupElectric Dryer HookupInside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Maintenance Expense 579 Net Operating Income 21200 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 4000 Property Sub Type Triplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 0 Water Sewer Expense 100 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-04T00:30:31.55. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
 
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COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Larry Moreland of Larry Moreland Real Estate (661-201-8820)