1823-1831 Cherry Street

Bakersfield, CA 93304

$490,000
Price
4
Beds
5
Baths
2,912 Sq. Ft.
$168 / Sq. Ft.
2,912
Sq. Ft.
$168
per Sq. Ft.

Description

Value-Add Opportunity: 5-Unit Apartment Complex in Oleander on Cherry Street, Bakersfield. This property features 5 units across 3 buildings. Each has separate gas/electric meters. Conveniently located near schools, shopping, and transportation. Ideal for investors looking to maximize returns. Don't miss this opportunity!Value-Add Opportunity: 5-Unit Apartment Complex in Oleander on Cherry Street, Bakersfield. This property features 5 units across 3 buildings. Each has separate gas/electric meters. Conveniently located near schools, shopping, and transportation. Ideal for investors looking to maximize returns. Don't miss this opportunity!
  1. Listed by Alejandro Mora • DRE #01820381 • Brokerage DRE #02227690 • The Mora Partners Inc. • 661-463-8186

Property Details for 1823-1831 Cherry Street

Parking Spaces Total
0
Private Pool
No
Total Units
5.0
Lot Size Source
Assessor
Property Attached YN
true
Common Walls
2+ Common Walls
New Construction
No
Average Studio Area Units
Square Feet
LISTING UPDATED: 11/26/2024 04:30 AM

Property Details for 1823-1831 Cherry Street

StatusActive
MLS #SR24237167
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income / Combo - Res and Com
Year Built1910
Lot Size0.29 AC / 12,672 SF
CountyKern County

Building Information for 1823-1831 Cherry Street

Stories1Residences-Year Built1910Lot Size0.29 AC / 12,672 SF

Property Information for 1823-1831 Cherry Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $6,600
  • Gross Scheduled Income: $66,000
  • Net Operating Income: $46,200
Expense Details
  • Operating Expense: $19,800
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: 39
  • Tax Tract Number: 1
  • Tax Census Tract: 19.02
  • Tax Lot: PTN
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: Front
  • Pool Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Land Lease: No
  • Levels: One
  • Sewer: Public Sewer
  • Water Source: Other
Parking Info
  • Garage Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $814
  • Unit Type Total Rent: $814
  • Unit Type Pro Forma: 1100
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $908
  • Unit Type Total Rent: $908
  • Unit Type Pro Forma: 1100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1
  • Unit Type Total Rent: $1
  • Unit Type Pro Forma: 1100
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5

Property History for 1823-1831 Cherry Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1823-1831 Cherry Street

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

Emerson Middle School
Public6 to 8

Bakersfield High School
Public9 to 12

Rafer Johnson
PublicK to 8

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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1823-1831 Cherry Street is a mixed use property for sale in Bakersfield, CA 93304. This property was listed for sale on November 19, 2024 by The Mora Partners Inc., it's currently listed at $490,000. This listing's school districts are Kern Union High School District, Bakersfield City School District. Nearby schools include William Penn Elementary School, Emerson Middle School and Bakersfield High School. 1823-1831 Cherry Street is a 4-bed, 5-bath, 2,912 sqft mixed use property built in 1910.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Mora Partners Inc.

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.