12119 Edison Highway

Bakersfield, CA 93307

$574,999
Price
6
Beds
5
Baths
2,397 Sq. Ft.
$240 / Sq. Ft.
2,397
Sq. Ft.
$240
per Sq. Ft.

Description

Bread and butter 5 units sitting on a 0.70 acre lot with a C-2, R-2 zoning generating just under $5,000 in monthly rental income. Wonderful opportunity to own this piece of real estate that has steady income with low maintenance and high returns. Property consists of 4 one bed one bath units, 1 two bed one bath unit and 1 manufactured home. In addition, there are endless possibilities to explore, as you can add more units and maximize your investment, as the zoning and lot size allows for more units...Bread and butter 5 units sitting on a 0.70 acre lot with a C-2, R-2 zoning generating just under $5,000 in monthly rental income. Wonderful opportunity to own this piece of real estate that has steady income with low maintenance and high returns. Property consists of 4 one bed one bath units, 1 two bed one bath unit and 1 manufactured home. In addition, there are endless possibilities to explore, as you can add more units and maximize your investment, as the zoning and lot size allows for more units that can be built/added comfortably. Don't sleep on this one and add this income producing property to your portfolio today!
  1. Listed by Moiz Lakdawala • DRE #01881688 • Brokerage DRE #01823868 • Keller Williams Realty Bakersfield

Property Details for 12119 Edison Highway

Parking Spaces Total
0
Private Pool
No
Total Units
5.0
Lot Size Source
Assessor
Property Attached YN
false
Common Walls
No Common Walls
New Construction
No
Average Studio Area Units
Square Feet
LISTING UPDATED: 05/25/2024 12:49 PM

Property Details for 12119 Edison Highway

StatusActive
MLS #PI24093673
Days on Market174
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income / Combo - Res and Com
Year Built1942
Lot Size0.72 AC / 31,575 SF
CountyKern County

Building Information for 12119 Edison Highway

Stories1Residences-Year Built1942Lot Size0.72 AC / 31,575 SF

Property Information for 12119 Edison Highway

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $56,592
  • Gross Scheduled Income: $56,592
  • Net Operating Income: $50,000
Expense Details
  • Operating Expense: $6,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Other Expense: $6,000
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $6,000
Tax / Assessment Info
  • Tax Tract Number: 1187
  • Tax Census Tract: 10.01
  • Tax Lot: 12
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
Exterior Features
  • Entry Location: 1
  • Pool Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Lot 20000-39999 Sqft
  • Land Lease: No
  • Levels: One
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Features: Driveway, Unpaved, Parking Space, Private, Uncovered
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,223
  • Unit Type Total Rent: $1,223
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $728
  • Unit Type Total Rent: $728
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,250
  • Unit Type Total Rent: $1,250
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $695
  • Unit Type Total Rent: $695
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $820
  • Unit Type Total Rent: $820
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 12119 Edison Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 12119 Edison Highway

Taxable ValueLand$119,646Additions$251,776Total$371,422
Tax Record2023$7,798 ($650 / month)
Home Facts
Total Finished SqFt2,397 SqFtAbove Grade Finished SqFt2,397 SqFtStories1Lot Size31,363 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningC-2, R-2CountyKERNAPN177-100-06-00-6

Schools near 12119 Edison Highway

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

Edison Middle School
Public5 to 8

Mira Monte High School
Public9 to 12

Tierra Del Sol Continuation High
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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12119 Edison Highway is a mixed use property for sale in Bakersfield, CA 93307. This property was listed for sale on May 9, 2024 by Keller Williams Realty Bakersfield, it's currently listed at $574,999. It has been on the market for a total of 174 days and was last sold on May 6, 2022. This listing's school districts are Kern Union High School District, Edison Elementary School District. Nearby schools include Orangewood Elementary School, Edison Middle School and Mira Monte High School. 12119 Edison Highway is a 6-bed, 5-bath, 2,397 sqft mixed use property built in 1942.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Bakersfield

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.