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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.

Property Facts

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

PROPERTY TAXES

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
  • Listing ID: 34165701

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 4300 Columbus St, Bakersfield, CA 93306

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