2212 Cullen Court, Bakersfield, CA 93314
Fourplex
Sold May 2024
Listing Agent: Brad New (DRE #01347742) · Listing Office: Vanguard Property Group · Contact: 714-928-6833 · Bought with: JUSTIN CHU · KELLER WILLIAMS REALTY · MLS #PW24007140 · Source: CRMLS
About this fourplex
Price Improvement for Pride of Ownership Multifamily! The Liberty Park apartments are a Pride of Ownership, single story 4 Unit multifamily property built in 2004, and located in prime northwest Bakersfield, CA. The subject property is listed as part of a 12 Unit portfolio sale with the following properties in the same tract: 12906 Merlot Dr (4U), 12912 Merlot Dr. (4U). Sellers preference is for all 3 fourplexes to be sold together to one buying entity. The subject property is a single story, 4 unit apartment building situated on one spacious 12,575 sf lot. The subject property boasts an excellent unit mix of 2(3+2) and 2 (2+2), 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 $208 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