$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
Mortgage Calculator
Estimate your full monthly payment including taxes, insurance & PMI/MIP.
Loan Type
Loan Term
Total Monthly (PITI+MI)
$7,507
Principal · Interest · Taxes · Insurance · MI
Powered by My Mortgage Company
For illustration only. Actual rates, payments, and terms vary. Contact a licensed mortgage professional for an official loan estimate.
Neighborhood Snapshot
Bakersfield · 93307
Market Stats
Active Listings
229
ZIP 93307
Median List Price
$365K
ZIP 93307
Avg Days on Market
93
Bakersfield avg
Sale / List Price
297.8%
avg ratio
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
EC Rosa Jr
Realtor® · DRE #02084272
Contact EC directly about this property.
Call EC directly
6614960316
