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$ 235,000
Est. payment /mo
Price Dropped by $10K
1000 Padre Street Bakersfield, CA 93307
84,071 SqFt
UPDATED:
11/26/2024 01:01 AM
Key Details
Property Type Vacant Land
Sub Type Lot
Listing Status Active
Purchase Type For Sale
Square Footage 84,071 sqft
Price per Sqft $2
MLS Listing ID 202405782
Lot Size 1.930 Acres
Property Description
Presenting a meticulously planned and County-approved site for a 24-unit apartment complex on 1.93 Acres, this vacant lot is ready to bring your development dreams to life. Designed for maximum convenience and luxury, this project includes 12 spacious 2-story duplexes, each with a 2-car garage. Just take a look at those renderings. The County of Kern Planning Department has given its seal of approval for this project, streamlining the development process. With 24 units, you can expect a substantial rental income stream from this apartment complex. Utilities, including water, sewer, gas, and electricity, are readily available on the street, simplifying the development process. If you are a seasoned developer or a savvy investor, this property is a golden ticket to expand your real estate portfolio. Builders, don't miss out on this opportunity to bring your construction expertise to life. The groundwork is laid out. For serious inquiries, we can provide detailed financial projections.
Location
State CA
County Kern
Area 41
Zoning Casa Loma Specific Plan
Building
Water Cal Water
Schools
Elementary Schools Munsey, Millie
Middle Schools Sequoia
High Schools Mira Monte
School District Bakersfield City
Listed by Eric Mora • The Mora Partners Inc.