100 Warren Avenue, Bakersfield, CA

8 Beds,   ---  Baths,   4350  sqft     For Sale By Owner    Asking: $275,000

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Specification
Bedrooms: 8
Bathrooms:
Square Feet: 4350
Lot Size:
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Heating Type:
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Monthly HOA:
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Exteral Materials:
Roof:
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Description

B"H

Bakersfield Income Property

100 & 104 Warren Ave., Bakersfield, CA 93308

Four Units in total: Two Large, Side by Side Duplexes

Each unit has 3 large bedrooms & 1.5 bathrooms in 1,100 sq. ft.

A total of twelve bedrooms on two adjacent lots: more than 13,000 square feet (almost 1/3 acre)

Key investment features:

Fully rented

Positive cash flow

Good upside potential

Super strong rental area

Two 2-car garages

Plus a carport

Two APN's

Potential for 9 Cap

There are two duplexes. All four units are rented. It's amazing how fast they rent, so vacancy is rather low. I hear that it's not easy to find 3 bedroom, 2 bath units. Each of these actually has 1 full bath and 1 half bath. Each of the 4 units has around 1,100 sq. ft.

The two duplexes face each other. It's kind of like a little community there. There has been talk about really making it a community, renting rooms instead of units. Could have a lot of potential. Two large garages: one for each duplex. Also a carport in the middle. Each unit has its own PG&E electric and gas meters. Water is shared. The addresses are 100-104 Warren Ave. Please drive by but don't bother the tenants.

Please see the flier for comps, etc.: http://warren.xbrl99.com/Warren_2016June30_Flier.pdf

Property Features

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Community Features

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Nearby Schools
School Name Distance Type Grades Enrollment S/T Ratio
Standard Middle0.4mPublic 06-08 902 23.1
Standard Elementary0.4mPublic KG-05 507 22.0
Golden State Baptist Schools0.5mPrivate KG-08 9 2.7
Bethel Apostolic Academy1.0mPrivate KG-08 53 9.1
Beardsley Elementary1.1mPublic KG-06 371 24.7
Beardsley Junior High1.1mPublic 07-08 309 22.1
North Beardsley Elementary1.1mPublic KG-06 639 27.8
Wingland Elementary1.1mPublic KG-05 712 22.3
North High1.2mPublic 09-12 1650 24.3
Stella I. Hills Elementary1.2mPublic KG-05 544 21.8
Highland Elementary1.4mPublic KG-05 826 22.9
Valley Oaks Charter1.5mPublic KG-12 1263 60.1
Garces Memorial High School1.5mPrivate 09-12 614 15.7
Our Lady Of Perpetual Help School1.6mPrivate PK-08 367 17.0
Longfellow Elementary2.0mPublic KG-06 813 22.0
Demographics
Bakersfield California
Population and Land
Population 347,483 37,253,956
Land Area in Square Miles 142.16 155,779.22
Persons Per Square Mile 2,444.2 239.1
Education
College Graduate or Higher 20.7% 31.0%
High Schoolor Or Higher 79.7% 81.5%
Housing and Homeownerhsip
Homeownership Rate 56.9% 54.8%
Median Value of Housing Units $184,800 $371,400
Persons per Household 3.17 2.95
Median Household Income $56,842 $61,489