Keegan Cin | Realtor® | License # DRE 01971604

Property

Bakersfield, CA 93308 116 Beardsley Avenue

116 Beardsley Avenue Bakersfield, CA - Image 1116 Beardsley Avenue Bakersfield, CA - Image 2116 Beardsley Avenue Bakersfield, CA - Image 3
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116 Beardsley Avenue Bakersfield, CA - Image 4116 Beardsley Avenue Bakersfield, CA - Image 5116 Beardsley Avenue Bakersfield, CA - Image 6116 Beardsley Avenue Bakersfield, CA - Image 7116 Beardsley Avenue Bakersfield, CA - Image 8116 Beardsley Avenue Bakersfield, CA - Image 9116 Beardsley Avenue Bakersfield, CA - Image 10116 Beardsley Avenue Bakersfield, CA - Image 11116 Beardsley Avenue Bakersfield, CA - Image 12116 Beardsley Avenue Bakersfield, CA - Image 13
Presented By: Karine Haneyan with JohnHart Real Estate;
  • MLS# GD25024858
  • 02/05/2025
  • Request Tour
  • Request Info
  • Beds • 28
  • Baths • 1
  • SQFT • 10,064
  • Year Built • 1969

Home Details

This property offers an exceptional high cap rate of over 9% and immediate opportunity to increase cash flow. Excellent value-add property with most rents poised for a 10% increase in 2025, with market rents reaching up to $1,375 per month, unlocking substantial revenue potential. Each unit comes with separate utility meters, making it easier to manage costs, while the roof-mounted AC units with central heating and air conditioning provide added convenience and energy efficiency. Eight units have been updated in 2024 including heaters and A/C units, plumbing and more. All units come with a parking, plus 2 guest parking spots; easily reline the lot to create even more parking spaces to increase tenant satisfaction and appeal. This is a rare opportunity for investors looking for a property with strong income growth, low operating costs, and increasing market demand. The laundry room is not being used; this can add more income if operated. The street is part of the city's beautifying project adding additional value for the years to come. Additionally, two new apartment buildings are planned in the area, boosting future demand and property value. Close to shopping and freeways, the building has a very high occupancy rate and quick turnover.
Presented By: Karine Haneyan with JohnHart Real Estate;

Interior Features for 116 Beardsley Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Total Stories2

Other Rooms

Entry Level1

General for 116 Beardsley Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate9.5
Carport Y/NNo
CityBakersfield
Community FeaturesCurbs, StreetLights, Sidewalks
CountyKern
DirectionsTake Chester Ave to Beardsley Ave
Electric Expense30.0
Electric On Property Y/NNo
Entry LocationFront door
Garage Spaces0.0
Garage Y/NNo
Gross Income193380.0
HOANo
Home Warranty Y/NNo
Insurance Expense8900.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet19602.0
Lot Size UnitsSquareFeet
MLS AreaBKSF - Bakersfield
MobileHomeRemainsYNNo
Net Operating Income154740.0
New ConstructionNo
Number Of Units Total14
Number of Units Leased14
Open Parking Spaces17.0
Operating Expense38640.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Tax Lot44
Trash Expense0.0
Water Sewer Expense208.0
Waterfront Y/NNo
Year Built1969
Year Built SourceAssessor
ZoningR-2

Exterior for 116 Beardsley Avenue

Building Area Total10064.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.45
Lot Size Area19602.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters15
Number of Separate Gas Meters14
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking17.0
Water SourcePublic

Additional Details

Price History

Justin Hughey

Price $1,595,000
MLS#GD25024858
List Date 02/05/2025
Property Type Multi-Family
Request Tour
Request Info

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