$999,000
Est. $6,612/mo · 20% down · 6.5% · 30yr
530 Union Avenue, Bakersfield, CA, 93307
MLS# 202603648
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
33 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
193
ZIP 93307
Median List Price
$363K
ZIP 93307
Avg Days on Market
89
Bakersfield avg
Sale / List Price
98.5%
avg ratio
Location
530 Union Avenue, Bakersfield, CA, 93307
Listed by: Phil M Jordan, Keller Williams Realty
MLS#: 202603648 · Source: GEMLS
Based on information from Golden Empire Multiple Listing Service (GEMLS). All data is obtained from various sources and has not been verified. Full disclaimer
This Listing Is Expired
This property isn't currently available for showings or offers. We'd be glad to help you find something similar.
Browse Active ListingsTalk to an Agent