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931 Monterey St
Bakersfield, CA 93305

$1,125,000 USD

Apartments For Sale • 5,280 SF

Property Details

Property Type Apartments
Total Building Size 5,280 SF
Lot Size 0.17 AC
Building Class C
Year Built 1991
Cap Rate 8.43 %
Zoning R-2

34 Transit Score

65 Walk Score

                
                    Highlights
                
                                4-bedroom 2 bath per unit
                            
                                Low Vacancy
                            
                                Section 8 tenancy
                            
                                Each tenant prequalified by Housing Authority
                            
                                100% fully renovated structure with new plumbing, electrical, lighting, HVAC, interior and exterior finishes.

Property Flyers

MontereySt-931-OM

Financial Summary (Actual)

Net Operating Income: $94,828 USD (2023)

Cap Rate:	8.43 %
Total Expenses:	$19,172 USD

Amenities

Air Conditioning
Fenced Lot
Heating
Kitchen

Public Transportation

Commuter Rail	Drive	Walk	Distance
Bakersfield (San Joaquins - Amtrak)	5 min	-	2.0 mi
Airport	Drive	Walk	Distance
Meadows Field	17 min	-	7.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Oscar Baltazar 661-631-3819 Colliers

931 Monterey St Bakersfield, CA 93305