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821 Golden State Avenue

Bakersfield, CA 93301
  • $2,000,000
  • STATUS: Active
  • ON SITE: 44 Days
  • ID#: AR22074479
UPDATED: 56 min ago
$2,000,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1938
County:

School Ratings & Info

Listing Agent(s): Steven Rangel of Mrm & Associates, Realtors (626-375-6111)


Description

Profitable and upgraded 15 unit motel near downtown Bakersfield with a cap rate of 10.4%! Very easy to manage. Daily & weekly guests with local social programs contributing to filling the rooms. Spacious live-in 2 bd manager unit on the second floor. Nice grass courtyard for the guests to enjoy bbq's or have somewhere to socialize. Coin op laundry and income from snack sales add to the benefits of owning this historic motel in the growing community of Bakersfield. Microwave and mini fridge in every room, 3 large suites, cctv system, wifi and cable, separate private new washer and dryer for the motel operation.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T21:34:21.913. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/127660749
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821 Golden State Avenue Bakersfield, CA 93301

  • Price: $2,000,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 56 min ago
  • ID#: AR22074479
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1938
Built
Neighborhood:
BKSF - Bakersfield
County:
Kern
Area:
BKSF - Bakersfield
Property Description
Profitable and upgraded 15 unit motel near downtown Bakersfield with a cap rate of 10.4%! Very easy to manage. Daily & weekly guests with local social programs contributing to filling the rooms. Spacious live-in 2 bd manager unit on the second floor. Nice grass courtyard for the guests to enjoy bbq's or have somewhere to socialize. Coin op laundry and income from snack sales add to the benefits of owning this historic motel in the growing community of Bakersfield. Microwave and mini fridge in every room, 3 large suites, cctv system, wifi and cable, separate private new washer and dryer for the motel operation.
Exterior Features

Lot Features 36-40 Units/Acre Number Of Separate Electric Meters 1 Parking Total 15 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Electric Expense 25252 Fuel Expense 0 Garage YN Yes Gross Income 209719 Gross Scheduled Income 209719 Insurance Expense 4932 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash1031 Exchange Net Operating Income 124231 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 85488 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 3360 Water Sewer Expense 4028 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T21:34:21.913. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Steven Rangel of Mrm & Associates, Realtors (626-375-6111)