319 Holtby Rd, Bakersfield, CA 93304

We are pleased to present for sale this GREAT opportunity to acquire a RARE multi-family property located in the highly desirable Downtown Bakersfield. Comprised of a two (2) bedroom, one (1) bathroom home, two (2) one (1) bedroom, one (1) bathroom cottages, and two (2) duplexes each consisting of one (1) bedroom, one (1) bathroom units, the offering is situated on over half an acre of land and has a gross rentable square footage of 4,866 sq. ft. . This unique offering allows a savvy investor the opportunity to capitalize on a property for sale in an area with low turn-over and low vacancy rates. In addition to being in a great area, this turn-key, recently remodeled property that is grossing over $100k/Yr comes with low operating expenses, and would be ideal for anyone looking to expand their portfolio in one of California's hottest real estate markets!

Fantastic multi-family community situated right in the midst of the very popular Oleander area of Bakersfield with tree-lined streets and architecturally attractive homes built in the 1920's and 30's. This property includes a single family home with 2 bedrooms/1bath and 1car garage, and its own front and rear yards, and 3 duplex buildings for a total of 7 units. The duplex units are all 1 bed/1bath and have either a 1-car garage or a carport. The rear 2 units each have their own back yard. All tenants have access to the on-site laundry. Owner gets a check $100/mth apx from the Wash co. These units stay rented with no vacancy factor. The average occupancy is 8 years - very stable! Rents are estimated to be 16% under market, so there is a lot of room for increases. The Oleander area is highly sought after because of the character of the area, quality of tenants and proximity to the downtown hub.