Las Casitas De Villalovos

Bakersfield, CA 933042808 Villalovos Ct.

Property Type: Multifamily/Residential
For Sale

Details

  • Price: 519,500
  • Cap Rate: 6.68%
  • GRM: 11.14
  • Cost per SF: $137.29
  • Cost per unit: $129,875
  • Year Built: 1985
  • Square Footage: 3,784
  • Lot Size: 8,276
  • Units: 4
  • No. Stories: 2
  • Parking: 10 Spaces
  • Transaction Type: For Sale
  • Property Type: Multifamily/Residential
  • Zoning: R-3 (Residential)
  • Building Class: B
  • APN/Parcel ID: 023-580-16-00, 023-580-16-00-3

Property Description

2808 Villalovos Court apartment complex is comprised of 4 garden-style apartment units in one two story building.​ The building construction is of wood frame with a pitched roof, painted stucco exterior with a panel accent.​ Development was completed in 1985 with a total of 3,784 building square feet on an 8,276 square foot lot.​ Current zoning is R-3.​

The apartment units are spacious and consist of 2 (2+2) and 2 remodeled (3+2) units.​ One 2+2 unit will be delivered vacant in original condition.​ This could be a great owner-user unit or can be remodeled and rented for maximum rent.​ Common area amenities include garage parking, carport parking, non-covered parking, laundry room, front yard & side yard. Unit amenities include central air conditioning, stoves, dishwasher, garbage disposer and plenty of closet / storage space. Remodeled units feature smooth ceilings with recess LED lighting, new countertops, new solid wood cabinets with soft close drawers, and a combination of carpet, tile, and vinyl wood flooring. General property improvements include 3 newer A.C. units, new main water valve, and new garage doors.

The building is accessible in the front of the property off Villalovos Ct. and the rear of the property through the shared alley. There is a total of 10 parking spaces!

Aesthetically, the property grounds and building are well maintained and attractive. The landscaping is well kept and manicured. The structure has impressive frontage providing for attractive curb appeal. This is truly a pride of ownership property and an excellent investment opportunity.

2808 Villalovos Court is located in a desirable pocket of Bakersfield, California in Kern County. The property is conveniently located a short drive from the Golden State Highway 99 and a short distance south of the Barstow-Bakersfield Highway 58. The 2000 block of Villalovos is a low traffic quiet residential tree lined street. The immediate vicinity consists of apartment buildings and single-family homes.

Bakersfield is the largest city in Kern County near the southern end of the San Joaquin Valley and the Central Valley region. Bakersfield’s population is around 380,000, making it the 52nd-most populous city in the U.S. Bakersfield is a significant hub for both agriculture and energy production. Kern County is the most productive oil-producing county and the fourth-most productive agricultural county in the U.S.

Property Highlights

  • Potential Owner-User Investment Opportunity
  • 2 Fully Remodeled Three Bedroom Units
  • Plenty of Parking | 10 Spaces
  • Excellent Unit Mix
  • Central A.C. Units | 3 Newer A.C. Units
  • Excellent Cash on Cash Return W/ Rental Upside Potential

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23975 Park Sorrento Suite 110
Calabasas, CA 91302