1437 Lake St, Bakersfield, CA 93305

About this fourplex

Price reduction to $389,000! Seller motivated. Under $100,000 per unit! Bakersfield is a stand-alone market within proximity to the LA market area that is pricing at a 6% plus cap rate. This property is priced at a 6.5% cap rate with rental adjustments, scheduled for 1/1/22, bringing the cap rate to 7.9%. Submit offers today. Turn-key profit-generating property. 4 units in the heart of Bakersfield. Perfect 1031 Exchange opportunity with immediate cash flow.

Listing description from the January 2023 sale, as reported to CRMLS.

Sale history

$365,000

Sold January 2023 · listed $389,000, on market November 2022 · MLS #SB22242535 · Source: CRMLS

Listing Agent: Isaac Guanajuato · Listing Office: Equinox Strategic Partners · Contact: 805-317-9365 · Bought with: Adam Olayiwola · UNIVERSAL WEST FINANCIAL & REALTY INC.

$305,000

Sold April 2021 · listed $299,000, on market February 2021 · MLS #SR21025002 · Source: CRMLS

Listing Agent: Jenny Segovia · Listing Office: Segovia Real Estate Group · Contact: 818-668-8768 · Bought with: Josue Najera · Equinox Strategic Partners

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