3212-3228 Chester Lane

Bakersfield, CA 93304

$970,000
Price
3
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to this exceptional investment opportunity located on a spacious lot. This complex comes with a total of 8 units , four two bed/one bath, and four one bed/ one bath, This complex is designed for optimal rental income with several long term tenants, and an impressive cap rate. The large lot offers generous parking area for all units and potential for expansion. All units have separate pge meters.Welcome to this exceptional investment opportunity located on a spacious lot. This complex comes with a total of 8 units , four two bed/one bath, and four one bed/ one bath, This complex is designed for optimal rental income with several long term tenants, and an impressive cap rate. The large lot offers generous parking area for all units and potential for expansion. All units have separate pge meters.
  1. Listed by Michael Still • DRE #01922761 • Brokerage DRE #02071742 • Agentcor-Big Block Realty • 661-865-8555

Property Details for 3212-3228 Chester Lane

Parking Spaces Total
0
Private Pool
No
Total Units
8.0
Lot Size Source
Assessor
Property Attached YN
true
Common Walls
1 Common Wall
New Construction
No
Average Studio Area Units
Square Feet
LISTING UPDATED: 10/25/2024 11:33 PM

Property Details for 3212-3228 Chester Lane

StatusActive
MLS #NS24221372
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1936
Lot Size0.67 AC / 29,185 SF
CountyKern County

Building Information for 3212-3228 Chester Lane

Stories2Residences-Year Built1936Building Size-Lot Size0.67 AC / 29,185 SF

Property Information for 3212-3228 Chester Lane

Income / Expense / Tax Details
Income Details
  • Gross Income: $105,000
  • Gross Scheduled Income: $105,000
  • Net Operating Income: $90,000
Expense Details
  • Operating Expense: $15,000
  • Insurance Expense: $7,000
  • Professional Management Expense: $1
  • Trash Expense: $120
  • Water Sewer Expense: $1
  • Total Expenses: $15,000
Tax / Assessment Info
  • Tax Tract Number: n.a
  • Tax Census Tract: 19.01
  • Tax Lot: n.a
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Valley
Property / Structure Info
Interior Features
  • Appliances: Gas & Electric Range
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Cooling: Evaporative Cooling
  • Heating: Forced Air
  • Flooring: Laminate
Exterior Features
  • Roof: Composition
  • Entry Location: yes
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Features: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Land Lease: No
  • Levels: Two
  • Sewer: Sewer Paid
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $4,800
  • Unit Type Pro Forma: 5600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $4,000
  • Unit Type Pro Forma: 4800
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1

Property History for 3212-3228 Chester Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 3212-3228 Chester Lane

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

Curran 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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3212-3228 Chester Lane is a multi-family home for sale in Bakersfield, CA 93304. This property was listed for sale on October 25, 2024 by Agentcor-Big Block Realty, it's currently listed at $970,000. This listing's school districts are Kern Union High School District, Bakersfield City School District. Nearby schools include Caroline Harris Elementary School, Curran Middle School and Bakersfield High School. 3212-3228 Chester Lane is a 3-bed, 0-bath, multi-family home built in 1936.

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 Agentcor-Big Block Realty

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.