Sold Price

$2,200,000

Price

$2,800,000

Closing Date

Aug 31, 2021

MLS#

202105894

Status

SOLD

Type

Land

SubType

Lot

City

Bakersfield

Area

Southeast

County

Kern

Lot Size

357,628

Property Description

140 Units Entitled (or more w/ potential density bonus) Multi-Family Res vac land. Zoned R2-PUD. LOCATION very Attractive, Centralized & Convenient. AREA highly sought after & growing very fast. Inside City Limits. Nicer & newer part of the city. Located in Calif's Central Valley, Bakersfield's apt sector has consistently displayed strength, strong demands, & yield stability. With several 100-unit-plus props in Bfd acctg for most of the sales vol since April, it has resulted in Kern Co. as the only major mkt to record an increase in deals over the past yr. Surrounded by new const & rooftops. Near major shopg & several new retail & com'l devs in the works. Along Golden Empire Trans Rte 62 (Akers Panama / Vly Plaza) Adj to 3 new schools - Golden Valley HS, Ollivier Middle & Horizon Elem School. All utilities on site - Greenfield Water Dist, City of Bfd Sewer; Pacific Gas & Elec, Brighthouse Cable. Owner may carry with 29% down. Dynamic opty. ACT FAST. Priced to sell @ $20K/U

Additional Information