P.O. Box 1833 Paso Robles, CA 93447     Phone: (805) 239-3090     Fax: (805) 239-9088      E-mail: rex@jacobsma.com
 

Edison Highway
3409 Edison Highway
Bakersfield, CA
County: Kern


Property Type: Multi-Residential
Property ID#: 238420

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      Plat Map
Investment Summary                                                 
 
Price:   $250,000
Price/Unit:   $20,455
Price/Sq Ft:   $37.00
GRM:  3.86
Net Oper Income:   $34,630
Cap Rate:  11%
Year Built:  1940
 
Total Units: 11
Building Sq Ft:  6,044
Lot Size:  22,738
Lot Frontage:  
Lot Depth:  
Property Description                                                  

One studio and ten 2 BR older units in lower income area. Units stay well rented with low income tenants. Several units need to be rehabbed and painted. Price is less than 3.86 times gross scheduled income. Property is zoned medium industrial.
Area Description                                                         
Located in Southeast Bakersfield neighborhood developed predominantly of commercial businesses
with scattered apartments.