460 Oswell Street

Bakersfield, CA 93307

$2,900,000
Price
3
Beds
22
Baths
14,564 Sq. Ft.
$199 / Sq. Ft.
14,564
Sq. Ft.
$199
per Sq. Ft.

Description

Oswell Townhouses presents an exceptional investment opportunity, combining modern living with significant growth potential. This turnkey property comprises of the first phase of the 30 unit complex completed. This 1st phase consists of 11 townhouse-style units, each offering spacious 3-bedroom, 2-bath layouts that cater to the growing demand for comfortable and upscale rental options. Tenants are drawn to the high-quality, condo-style living experience, complete with private patios, in-unit washers...Oswell Townhouses presents an exceptional investment opportunity, combining modern living with significant growth potential. This turnkey property comprises of the first phase of the 30 unit complex completed. This 1st phase consists of 11 townhouse-style units, each offering spacious 3-bedroom, 2-bath layouts that cater to the growing demand for comfortable and upscale rental options. Tenants are drawn to the high-quality, condo-style living experience, complete with private patios, in-unit washers and dryers, and tasteful upgrades throughout. What sets Oswell Townhouses apart is its strategic position in a market not subject to rent control in 2024, providing a rare chance for investors to capitalize on this advantage with rent increases due in June. Furthermore, the property includes nearly an acre of land with the potential to develop an additional 19 townhouse units, dramatically increasing rental income possibilities. Currently yielding $191,000 in annual gross income with room for growth, Oswell Townhouses stands out as a prime investment for those looking to expand their portfolio with a property that offers both immediate returns and future expansion potential.

Property Details for 460 Oswell Street

Architectural Style
Custom Built
Parking Spaces Total
22
Private Pool
No
Total Units
11.0
Lot Size Source
Public Records
Property Attached YN
true
Common Walls
1 Common Wall, No One Above, No One Below
New Construction
No

Location

Listing Courtesy of THE ASSOCIATES REALTY GROUP
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LISTING UPDATED: 05/25/2024 12:49 PM

Property Details for 460 Oswell Street

StatusActive
MLS #IV24091777
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income / Combo - Res and Com
Year Built2010
Lot Size1.53 AC / 66,646 SF
CountyKern County

Location

Listing Courtesy of THE ASSOCIATES REALTY GROUP
Add your commute

Building Information for 460 Oswell Street

Stories2Residences-Year Built2010Lot Size1.53 AC / 66,646 SF

Payment Calculator

$18,394 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,826

Property Taxes

$2,568

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 460 Oswell Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $191,400
  • Gross Scheduled Income: $191,400
  • Vacancy Allowance: 5742
  • Gross Operating Income: $185,658
  • Net Operating Income: $130,456
Expense Details
  • Operating Expense: $55,202
  • Gardener Expense: $2,295
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $6,720
  • Maintenance Expense: $7,776
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $3,611
  • Total Expenses: $55,202
Tax / Assessment Info
  • Tax Tract Number: 8009
  • Tax Census Tract: 23.04
  • Tax Lot: 110
Community / Development
Community / Development
  • Accessibility Features: Disability Features
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Tile
Exterior Features
  • Roof: Tile
  • Entry Location: Street
  • Property Condition: Turnkey
  • Pool Features: None
  • Spa Features: None
Green Info
  • Green Water Conservation: Water-Smart Landscaping
Land/Lot Info
  • Lot Features: Level with Street, Lot Over 40000 Sqft
  • Land Lease: No
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Uncovered Spaces: 22
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 11
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $14,000
  • Unit Type Total Rent: $15,950
  • Unit Type Pro Forma: 21450
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 10
  • Rent Controlled: No
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 0
  • Number With Dishwasher: 11
  • Number With Range: 11
  • Number With Refrigerator: 11
  • Number With Disposal: 11
  • Number Wall AC: 0

Property History for 460 Oswell Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 460 Oswell Street

Taxable ValueLand$315,000Additions$1,485,000Total$1,800,000
Tax Record2023$30,814 ($2,568 / month)
Home Facts
Total Finished SqFt14,564 SqFtAbove Grade Finished SqFt14,564 SqFtStories2Lot Size63,162 SqFtStyleMulti-Family Res (5+ Units)Year Built2010ZoningR-3CountyKERNAPN142-180-09-00-5

Schools near 460 Oswell Street

This home is within Kern Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - K to 6
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Shirley Lane Elementary School
PublicK to 6

Virginia Avenue Elementary School
PublicK to 6

Fairfax Middle School
Public5 to 8

Mira Monte High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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460 Oswell Street is a mixed use property for sale in Bakersfield, CA 93307. This property was listed for sale on May 9, 2024 by THE ASSOCIATES REALTY GROUP, it's currently listed at $2,900,000. It has been on the market for a total of 22 days and was last sold on September 27, 2022. This listing's school districts are Kern Union High School District, Fairfax Elementary School District. Nearby schools include Shirley Lane Elementary School, Virginia Avenue Elementary School and Fairfax Middle School. 460 Oswell Street is a 3-bed, 22-bath, 14,564 sqft mixed use property built in 2010.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of THE ASSOCIATES REALTY GROUP

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.