12119 Edison Highway Bakersfield, CA ^$ 574,999

12119 Edison Highway

^$ 574,999

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12119 Edison Highway

Bakersfield, CA, 93307

^$ 574,999

Studio Baths0.0 Sq 2,397

Monthly Estimate*

^$ 3,822

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Studio

Multi-Family Home for sale in Bakersfield, CA

for $574,999. This 2,397 square foot home was built in 1942.

Bread and butter 5 units sitting on a 0.70 acre lot with a C-2, R-2 zoning generating just under $5,000 in monthly rental income. Wonderful opportunity to own this piece of real estate that has steady income with low maintenance and high returns. All units are tenant occupied by long term tenants who pay their rents religiously. In addition, there are endless possibilities to explore, as you can add more units and maximize your investment, as the zoning and lot size allows for more units that can be built/added comfortably. Don't sleep on this one and add this income producing property to your portfolio today!

Multi-Family Active

Price

^$ 574,999

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

5 - 10 Units

Year Built

1942

Town/City

Bakersfield

County/Region

Kern

MLS | Web ID

202404535

Features

Exterior

Parking Features Uncovered

Garages 0

Parking 0.00

Lot Size Units SqFt

Lot Size Source (Public Record)

General

Year Built 1942

Neighborhood Edison

Subdivision 1187

Stories 1

Property SubType 5 - 10 Units

Gross Income 56592.00

County Kern

Net Operating Income 50000.00

Property Type Residential Income

Close Price 0.00

Status Active

High School Mira Monte

City Bakersfield

Disclosures None of the Above

Total Units 5

MLS Area 43

Lot Size Square Feet 31363.00

Street Name Edison

Elementary School Orangewood

Middle/Junior High School Edison

Days on Market 20

Elementary School District Edison

Cap Rate 0.09

Interior

Street Suffix Highway

Internal Only

Street Number 1 12119

* Excluded Features

List By

Moiz Lakdawala

Listing Agent

Keller Williams Realty

Broker

gmrealtor51@gmail.com

Affordability Calculator

$3,822

Per Month

Monthly Principal & Interest: $3,822
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Bakersfield, CA

Average List Price ^$804,680

Percent of Sale Price 40%

About Bakersfield, CA

383,374 Population

50% Since 2002

^$58,566 Median Income

32.94 Median Age

40% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2762750 Elementary School

2762749 Middle School

Mira Monte High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/9/2024	$574,999		Listed Price

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12119 Edison Highway, Bakersfield, CA, 93307 is a Multi-Family Home for sale at $574,999 with 2,397 sqft. 12119 Edison Highway is a studio with 0.0 baths and was built in 1942. The property's zip code is 93307 which is in Bakersfield, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Golden Empire MLS IDX Database. Real estate listings held by brokerage firms other than Weichert Realtors include the name of the listing broker.

The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from Golden Empire MLS, Inc., as of 5/30/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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12119 Edison Highway

Multi-Family Home for sale in Bakersfield, CA

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