Address
408 Taylor Street Bakersfield, CA
Price
$ 7,999,000
Property Attributes
  • MLS#202111200
  • TypePending
  • CountyKERN
  • CityBakersfield
  • Area52
  • Zip93309
  • Style11 Plus
  • Price$ 7,999,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage50381
Listing Provided Courtesy Of:
ASU Commercial
Data Source:
Bakersfield MLS (BKMLS)
Property Description

Casa Victoria presents a rare opportunity to purchase a large California apartment community for under $100,000 unit. Additionally, this building presents a value-add play through both physical improvements and continuing the changes that the new management company has been implementing over the last 60 days. Casa Victoria was self-managed since 2004 until September 2021. At that time the sellers hired a 3rd party management firm to take over the day-to-day management. At the time of the management change the average studio/loft rent was $603, the 1 bedroom was $686, and the 2 bedrooms were $767. GSF immediately raised the asking rents to $925 (studios and lofts), $1025, $1125, and $1,225 respectively. Four units were rented at these levels as soon as the units were made rent ready.

Elementary School Middle School High School
Wayne Elementary School F. L. Middle School West High School
Price History
10/15/2021 Listed $7,999,000

General Features

Elementary School Van Horn, Wayne
High School West
Middle/Junior High School Thompson, F. L.
Stories 2

Exterior Features

Latitude 0.000000
Parking Features Carport, Uncovered

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 93309

Price
AVG $430K
$8M
Visits
AVG 43
21
Year Built
AVG 1971
1972
Walkscore
AVG 49
61
Data Provided by Walkscore ® not using MLS data

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