4300 Columbus St
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4300 Columbus St
8 Unit Block of Flats £727,679 (£90,960/Unit) 6.77% Net Initial Yield Bakersfield, CA 93306
Investment Highlights
- Well Maintained -Courtyard Single Level- 8 Residential Units with Covered Parking off Alley - All units with A/C
- Convenient Location, Schools, Shopping, Restaurants, Parks, Public Transportation- Complete next door for sale too! Could buy all 16 units,
- Great Unit Mix, On Site Laundry, Each Unit with Extra storage unit. 4300 has 4 Two Bedrooms and 4 One Bedroom Units
Executive Summary
The Franklin Plaza Apartments at 4300 Columbus represent an exceptional investment opportunity in Bakersfield's thriving Northeast neighborhood. This well maintained 8-unit residential complex offers a rare combination of prime location and strong unit mix of 1 & 2 Bedroom Units. Situated within walking distance of community amenities including the local community college, shopping centers, schools, parks and public transportation, The property appeals to a wide range of potential tenants. The single-story courtyard building features modern conveniences such as dual-pane windows, individual A/C units, skylights, and private storage closets, community laundry, units ensuring both comfort and functionality. Sitting above Columbus St. the central grass courtyard and covered parking off alley further enhance the property's attractiveness, making it a standout option in Bakersfield's competitive rental market. With the adjacent property at 4236 Columbus also available for sale, this presents a unique opportunity for expanded investment potential. See attachment. 4 Two Bedroom and 4 One Bedroom Units. Call Stephanie for more information
Nestled in the heart of California's San Joaquin Valley, Bakersfield offers a compelling blend of affordability, economic opportunity, and strategic location. As the ninth-largest city in California, Bakersfield has emerged as a dynamic market for real estate investors and residents alike. The city's diverse economy, anchored by agriculture, energy production, and a growing services sector, provides a stable economic foundation. With its relatively low cost of living compared to coastal California cities, Bakersfield attracts both professionals seeking career opportunities and investors looking for promising real estate investments.
Nestled in the heart of California's San Joaquin Valley, Bakersfield offers a compelling blend of affordability, economic opportunity, and strategic location. As the ninth-largest city in California, Bakersfield has emerged as a dynamic market for real estate investors and residents alike. The city's diverse economy, anchored by agriculture, energy production, and a growing services sector, provides a stable economic foundation. With its relatively low cost of living compared to coastal California cities, Bakersfield attracts both professionals seeking career opportunities and investors looking for promising real estate investments.
Property Facts
Price | £727,679 | Apartment Style | Low Rise |
Price Per Unit | £90,960 | Building Class | B |
Sale Type | Investment | Lot Size | 0.31 AC |
Net Initial Yield | 6.77% | Building Size | 6,266 SF |
Gross Rent Multiplier | 8.71 | Average Occupancy | 100% |
No. Units | 8 | Number of Floors | 1 |
Property Type | Residential | Year Built | 1966 |
Property Subtype | Apartment | Parking Ratio | 1.28/1,000 SF |
Price | £727,679 |
Price Per Unit | £90,960 |
Sale Type | Investment |
Net Initial Yield | 6.77% |
Gross Rent Multiplier | 8.71 |
No. Units | 8 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | B |
Lot Size | 0.31 AC |
Building Size | 6,266 SF |
Average Occupancy | 100% |
Number of Floors | 1 |
Year Built | 1966 |
Parking Ratio | 1.28/1,000 SF |
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Kitchen
- Oven
- Range
- Carpet
- Grill
Site Amenities
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
2+1 | 4 | - | 1 |
1+1 | 4 | - | 1 |
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PROPERTY TAXES
Parcel Number | 146-060-08-00-5 | Improvements Assessment | £165,192 |
Land Assessment | £33,161 | Total Assessment | £198,353 |
PROPERTY TAXES
Parcel Number
146-060-08-00-5
Land Assessment
£33,161
Improvements Assessment
£165,192
Total Assessment
£198,353
zoning
Zoning Code | R-3 |
R-3 |
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4300 Columbus St
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