460 Oswell Street

Bakersfield, CA 93307

$2,900,000
Price
3
Beds
2
Baths
14,564 Sq. Ft.
$199 / Sq. Ft.
14,564
Sq. Ft.
$199
per Sq. Ft.

Description

Oswell Townhouses presents an exceptional investment opportunity, combining modern living with significant growth potential. This turnkey property comprises of the first phase of the 30 unit complex completed. This 1st phase consists of 11 townhouse-style units, each offering spacious 3-bedroom, 2-bath layouts that cater to the growing demand for comfortable and upscale rental options. Tenants are drawn to the high-quality, condo-style living experience, complete with private patios, in-unit washers...Oswell Townhouses presents an exceptional investment opportunity, combining modern living with significant growth potential. This turnkey property comprises of the first phase of the 30 unit complex completed. This 1st phase consists of 11 townhouse-style units, each offering spacious 3-bedroom, 2-bath layouts that cater to the growing demand for comfortable and upscale rental options. Tenants are drawn to the high-quality, condo-style living experience, complete with private patios, in-unit washers and dryers, and tasteful upgrades throughout. What sets Oswell Townhouses apart is its strategic position in a market not subject to rent control in 2024, providing a rare chance for investors to capitalize on this advantage with rent increases due in June. Furthermore, the property includes nearly an acre of land with the potential to develop an additional 19 townhouse units, dramatically increasing rental income possibilities. Currently yielding $191,000 in annual gross income with room for growth, Oswell Townhouses stands out as a prime investment for those looking to expand their portfolio with a property that offers both immediate returns and future expansion potential.
  1. Listed by ANTHONY RODRIGUEZ • DRE #01878752 • THE ASSOCIATES REALTY GROUP

Property Details for 460 Oswell Street

Zoning
R-3
Living Area
14564
Area
Bakersfield (BKSF)
Lot Size Area
66646
Source Lot Size Area
404
Assessor Parcel Number
14218009005
Directions
East of 99 on 58, exit Oswell North, Near Wal Mart

Location

Listing Courtesy of THE ASSOCIATES REALTY GROUP
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LISTING UPDATED: 05/09/2024 01:36 PM

Property Details for 460 Oswell Street

StatusActive
MLS #IV24091777MR
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2010
Lot Size1.53 AC / 66,646 SF
CountyKern County

Location

Listing Courtesy of THE ASSOCIATES REALTY GROUP
Add your commute

Building Information for 460 Oswell Street

Stories2Residences-Year Built2010Building Size-Lot Size1.53 AC / 66,646 SF

Payment Calculator

$18,394 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,826

Property Taxes

$2,568

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 460 Oswell Street

Community / Development
Community / Development
  • Number Of Units: 11
  • Community Features: Suburban
Structure Info
Structure Info
  • Building Type: Attached
  • Year Built Source: Public Records
  • Number Of Stories: 2
  • Unit Floor In Building: 1
  • Guest House: None
  • Entry Floor Number: 1
  • Water: Public
  • Sewer: Public Sewer
Contract Info
Contract Info
  • Disclosures: Owner Has R.E. License
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Gross Operating Income: $185,658
  • Net Operating Income: $130,456.00
  • Vacancy Allow Dollar: $5,742.00
  • Total Annual Expense: 55202
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Lot Acreage: 2.0
  • Telephone: 0.0
  • Cable: 0.0
  • Assessments: Buyer to Verify
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 22
  • Open Other Spaces Total: 22
  • Garage Spaces Total: 0
  • Carport Spaces Total: 0
  • Number Of Remote Controls: 0.0
Interior Features
Interior Features
  • Cooling Type: Central
  • Heating Type: Central
  • Common Walls: Attached
  • Laundry: Electric Dryer Hookup, Hookup - Electric, Washer Hookup
  • Disability Access: DisabilityAccess
Exterior Features
Exterior Features
  • Pool: No
  • Pool Description: None
  • Spa: No
  • Spa: None
  • Roof: Tile
Lease Terms
Lease Terms
  • Listing Terms: Cash To New Loan
  • Rent Control: No
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $14,000.00
  • Unit Actual Rent: $15,950.00
  • Unit Projected Rent: $21,450.00
  • Like Units: 11
Unit Details
  • Number of Dishwasher: 11
  • Number of Disposal: 11
  • Number of Electric Meters: 11
  • Number of Gas Meters: 11
  • Number Leased: 10
  • Number Range: 11
  • Number Refrigerator: 11
  • Number Wall AC: 0
  • Number Water Meters: 0

Property History for 460 Oswell Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 460 Oswell Street

Taxable ValueLand$315,000Additions$1,485,000Total$1,800,000
Tax Record2023$30,814 ($2,568 / month)
Home Facts
Total Finished SqFt14,564 SqFtAbove Grade Finished SqFt14,564 SqFtStories2Lot Size63,162 SqFtStyleMulti-Family Res (5+ Units)Year Built2010ZoningR-3CountyKERNAPN142-180-09-00-5

Schools near 460 Oswell Street

This home is within Kern Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - K to 6
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Shirley Lane Elementary School
PublicK to 6

Virginia Avenue Elementary School
PublicK to 6

Fairfax Middle School
Public5 to 8

Mira Monte High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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460 Oswell Street is a multi-family home for sale in Bakersfield, CA 93307. This property was listed for sale on May 9, 2024 by THE ASSOCIATES REALTY GROUP, it's currently listed at $2,900,000. It has been on the market for a total of 12 days and was last sold on September 27, 2022. This listing's school districts are Kern Union High School District, Fairfax Elementary School District. Nearby schools include Shirley Lane Elementary School, Virginia Avenue Elementary School and Fairfax Middle School. 460 Oswell Street is a 3-bed, 2-bath, 14,564 sqft multi-family home built in 2010.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of THE ASSOCIATES REALTY GROUP

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.