12912 Merlot Drive, Bakersfield, CA 93314

About this fourplex

Price Improvement! The Liberty Park apartments are a Pride of Ownership 4 Unit multifamily community built in 2004, and located in prime northwest Bakersfield, CA. The subject property is listed as part of a 12 U (3-legal 4plxs) portfolio sale with the following properties in the same tract: 12906 Merlot Dr. (adjacent 4U) and 2212 Cullen Ct. (4U). Sellers prefers to sell all 3 4plxs to the same buying entity. The subject property is a 4 unit apartment building situated on one spacious 11,000 sf lot. The subject property boasts an excellent unit mix of 2 (3+2) townhomes and 2 (2+2) townhome units, with numerous tenant amenities including: garage parking, central AC/HT, in unit washer & dryer hookups, patios, separate gas & electric meters and hot water heaters for each unit. The Liberty Park apartments are ideally located in the award winning Rosedale Union School District (Liberty High School, Rosedale Middle, Independence Elementary), and in very close proximity to numerous, vibrant surrounding retail, restaurant, and entertainment venues. The Liberty Park apartments are offered at only $189 CPSF with upside to a Cap rate of 7 at market rents - they are a perfect fit for an investor looking for long term growth with a pride of ownership income property asset.

Listing description from the May 2024 sale, as reported to CRMLS.

Sale history

$890,000

Sold May 2024 · listed $900,000, orig. $999,000, on market January 2024 · MLS #PW24007139 · Source: CRMLS

Listing Agent: Brad New · Listing Office: Vanguard Property Group · Contact: 714-928-6833 · Bought with: JUSTIN CHU · KELLER WILLIAMS REALTY

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