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Property view

401 E CALIFORNIA AVENUE, 
Bakersfield, CA 93307

$590,000


Bed


Bath


-

Sq Ft


Multi-Family

Sold

Listed by

Marshall Sanders

Agentcor-Big Block Realty

8744900

MLS#

202306365

Source:

BF

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About This Home

401 E CALIFORNIA AVENUE

7 GRM!!! Cash cow! No banks needed, seller financing available! This is a great opportunity to add to your investment property portfolio with this income producing cash cow! Total of 7 revenue sources!!! Prime corner commercial Building with 5 additional rental income Houses & a garage with an office, PLUS added monthly income from Billboard Sign on premises. Next to the commercial building is a newly renovated 2 bedroom 1 bath house with an office. The garage with an office is between the two. Behind, are 4 Cute 1 bedroom Houses + Billboard on premises. Billboard on premises collects $85/month, price coming up for renewal in 2024 (can be A LOT more). Monthly rents are: Three 1 bedroom houses $650, $850, $850 (Proforma rent $950), $1000 2 bedroom 1 bath, $2,500 Commercial unit, $500 garage w office. Front house 2 bd, 1 ba, with bonus room $1000. Total monthly rents $7,435, annually $89,220. Cap rate 10%

Home Facts

Multi-Family

Built in 1923

Price Summary

589,950

MLS #:

202306365

Sold:

October 31, 2023


Structure

Structure

Year Built:

1923


Lot

Lot Size (Sq. Ft):

9,583


Finances & Disclosures

Finances

Price:

$589,950

Source:BF
“nformationdeemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.