698 South Comanche Drive

Arvin, CA 93203

$1,249,000
Price
Beds
3,764 Sq. Ft.
$332 / Sq. Ft.
3,764
Sq. Ft.
$332
per Sq. Ft.

Description

This exceptional multi-family property presents a unique Investment Opportunity for a Saavy Investor or Developer. Featuring 7 units on 1.87 ac, providing flexibility for future development. The proposed plan for this site envisions a significant expansion to 73 units, unlocking substantial growth potential. This property offers solid returns while plans are in progress. Don't miss out on this prime opportunity to maximize returns in a high-demand rental area.This exceptional multi-family property presents a unique Investment Opportunity for a Saavy Investor or Developer. Featuring 7 units on 1.87 ac, providing flexibility for future development. The proposed plan for this site envisions a significant expansion to 73 units, unlocking substantial growth potential. This property offers solid returns while plans are in progress. Don't miss out on this prime opportunity to maximize returns in a high-demand rental area.
  1. Listed by Cristina Sandoval • DRE #01886249 • Brokerage DRE #01893839 • Keller Williams North Valley • 818-669-7005

Property Details for 698 South Comanche Drive

Total Units
7.0
Lot Size Source
Assessor
Building Area Total
3764
Building Area Units
Square Feet
Stories Total
1
Entry Level
1
Parcel Number
19106007002
Area
Arvin (ARVN)
LISTING UPDATED: 08/27/2024 10:02 AM

Property Details for 698 South Comanche Drive

StatusActive
MLS #SR24168167
Days on Market100
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1945
Lot Size1.87 AC / 81,457 SF
CountyKern County

Building Information for 698 South Comanche Drive

Stories1Residences-Year Built1945Building Size-Lot Size1.87 AC / 81,457 SF

Property Information for 698 South Comanche Drive

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $87,600
  • Net Operating Income: $68,140
  • Cap Rate: 6.0
  • Current Financing: Private
Expense Details
  • Electric Expense: $3,000
  • Maintenance Expense: $1,500
  • Water Sewer Expense: $960
  • Real Estate Tax Expense: $14,000
  • Total Expenses: $19,460
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Roof: Shingle
Land/Lot Info
  • Lot Features: 36-40 Units/Acre, Lot Over 40000 Sqft
  • Land Use: Multi-Family
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $1,550
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
  • Unit Type Description: Main Front House (SFR)
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $825
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
  • Unit Type Description: Studio
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $850
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
  • Unit Type Description: A
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $950
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 4
  • Unit Type Description: B
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $825
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 5
  • Unit Type Description: C
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $850
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 6
  • Unit Type Description: D
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,450
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 7
  • Unit Type Description: E

Property History for 698 South Comanche Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 698 South Comanche Drive

Taxable ValueLand$208,080Additions$801,108Total$1,009,188
Tax Record2023$21,928 ($1,827 / month)
Home Facts
Total Finished SqFt3,764 SqFtAbove Grade Finished SqFt3,764 SqFtStories1Lot Size81,457 SqFtStyleMulti-Family Res (5+ Units)Year Built1945ZoningR-1CountyKERNAPN191-060-07-00-2

Schools near 698 South Comanche Drive

This home is within Kern Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Bear Mountain Elementary School
PublicK to 6

Haven Drive Middle School
Public7 to 8

Arvin High School
Public9 to 12

Nueva Continuation 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.

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698 South Comanche Drive is a multi-family home for sale in Arvin, CA 93203. This property was listed for sale on August 14, 2024 by Keller Williams North Valley, it's currently listed at $1,249,000. It has been on the market for a total of 100 days and was last sold on March 28, 2022. This listing's school districts are Kern Union High School District, Arvin Union School District. Nearby schools include Bear Mountain Elementary School, Haven Drive Middle School and Arvin High School. 698 South Comanche Drive is a 0-bed, 0-bath, 3,764 sqft multi-family home built in 1945.

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 Keller Williams North Valley

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.