Property details
California Value-Add Multifamily Apartments For Sale, Pacific West Region
Property Description
California Value-Add Multifamily Apartments For Sale
Located in Kern County, CA
Spacious Units
Beautiful Landscaping, Courtyards & Fountains
Potential Rent Upside
Covered & Uncovered Parking
Swimming Pool & Gym
Built in 1987
44 1-BEDROOM / 1-BATHROOM UNITS
44 2-BEDROOM / 1-BATHROOM UNITS
24 2-BEDROOM / 2-BATHROOM UNITS
PROPERTY FINANCIALS
Gross Scheduled Income $1,174,440
OTHER INCOME $10,131
Less Vacancy $32,281
Gross Operating Income $1,152,290
Total Expenses $534,408
Net Operating Income $617,882
LESS CAP EX $48,888
NET INCOME BEFORE TAXES $568,994
Images
Highlights
- Status:
- Available
- Price:
- $10,385,000
- Cap Rate:
- 5.48%
- Annual Rent:
- $568,994
Property Information
- Property Type:
- Apartments
- Industry Type:
- Apartment - Multifamily
- Units/Spaces:
- 112
- Year Built:
- 1987
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.