923 Lake Street
923 Lake Street
$360,000
2
4
3,120
3,120
$115
Closed 8/31/20
Description
Amazing opportunity to own long term investment opportunity in Bakersfield! -OR- Occupy one unit and have the others pay for ALL of the mortgage plus your utilities. Either way you look at it with the current historically low rates this opportunity is one that you cannot pass up. The investment has strong pro-forma data; it offers a CAP RATE of 7.6% and a GRM of 10.1! With historically low interest rates in the 3's for well qualified investors, this property cash flows and is a value add to any portfolio....Amazing opportunity to own long term investment opportunity in Bakersfield! -OR- Occupy one unit and have the others pay for ALL of the mortgage plus your utilities. Either way you look at it with the current historically low rates this opportunity is one that you cannot pass up. The investment has strong pro-forma data; it offers a CAP RATE of 7.6% and a GRM of 10.1! With historically low interest rates in the 3's for well qualified investors, this property cash flows and is a value add to any portfolio. Or, if you're a savvy owner occupant this property will qualify for FHA, first time home buyer programs and come out of pocket for as low as 3.5% down and have the tenants cover all of your expenses! Whether you're a seasoned property investor or an ambitious home buyer looking take advantage of the current market don't miss out on this amazing opportunity! Seller will consider crediting buyer towards closing costs!
- Listed by Herbert Diaz • DRE #01458024 • Brokerage DRE #01458024 • PLF Real Estate Solutions
Property Details for 923 Lake Street
Parking Spaces Total
4
Private PoolNo
Total Units4.0
Lot Size SourceAssessor
Property Attached YNtrue
Common Walls2+ Common Walls, No One Above
New ConstructionNo
Average Studio Area UnitsSquare Feet
Location
LISTING UPDATED: 09/04/2020 10:09 PM
Property Details for 923 Lake Street
Status | Closed |
---|---|
MLS # | DW20131115 |
Days on Market | 20 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1979 |
Lot Size | 0.17 AC / 7,512 SF |
County | Kern County |
Location
Building Information for 923 Lake Street
Stories1Residences-Year Built1979Building Size-Lot Size0.17 AC / 7,512 SF
Payment Calculator
$2,501 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 923 Lake Street
Property History for 923 Lake Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 923 Lake Street
Taxable ValueLand$52,020Additions$291,312Total$343,332
Tax Record2023$6,435 ($536 / month)
Home Facts
Total Finished SqFt3,120 SqFtAbove Grade Finished SqFt3,120 SqFtStories1Lot Size7,405 SqFtStyleQuadraplexYear Built1979ZoningR-4CountyKERNAPN015-370-04-00-8
Schools near 923 Lake Street
This home is within Kern Union High School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 4 to 6 |
Rating | School | Distance |
---|---|---|
Longfellow Elementary School PublicK to 6 | ||
Washington Middle School Public6 to 8 | ||
East Bakersfield High School Public9 to 12 | ||
Bessie E. Owens Intermediate School Public4 to 6 |
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.
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