$999,000
Est. $6,612/mo · 20% down · 6.5% · 30yr
530 Union Avenue, Bakersfield, CA, 93307
About this home
Seize a unique value-add opportunity at 530 Union Avenue, a mixed-use complex positioned for revitalization in a high-traffic area of Bakersfield. APX 31,000 average daily traffic count! With 7 residential units (6 occupied) and 6,842 SF of commercial space currently vacant, this multi-use property allows investors to immediately capitalize on Bakersfield's strong rental demand. With a projected $13,596/month and actual 2024 expenses, the property earns an 9.8% Cap Rate! Located within an ECONOMIC OPPORTUNITY ZONE. 510 Union Ave a vacant C-2 zoned 6,000 SF lot next door is INCLUDED in the sale (50' x 120'). Seller will finance the entire property with 50% down.
Property Details
$999,000
Price
0 bd
Bedrooms
3,930 sqft
Living Area
21,240 sqft
Lot Size
1946
Year Built
5 - 10 Units
Type
19 days
Days Listed
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$7,507
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Neighborhood Snapshot
Bakersfield · 93307
Market Stats
Active Listings
213
ZIP 93307
Median List Price
$360K
ZIP 93307
Avg Days on Market
91
Bakersfield avg
Sale / List Price
97.9%
avg ratio
Nearby Schools
🏫 Elementary
McKinley Elementary School
🏫 Middle School
Emerson Junior High School
🏫 High School
Vista High School
🏫 School
Vista East Continuation School
Nearby Amenities
🛒 Grocery
- FoodMaxx
- Albertsons
🌳 Park
- Mayflower Park
- Lowell Park
- Beale Park
Location
530 Union Avenue, Bakersfield, CA, 93307
Listed by: Phil M Jordan, Keller Williams Realty
Based on information from CRMLS. All data is obtained from various sources and has not been verified. Full disclaimer
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