Bakersfield, CA 93309 420 S Real Road
$9,500,000
14 more
Presented By: DARREN CORREA with LE INVESTMENT GROUP; 714-310-2840
Beds • 128
Baths • 1
SQFT • 46,376
Year Built • 1963
Home Details
The property at 420-426 S Real Road, Bakersfield, CA 93309, offers a thoughtfully upgraded living experience with over $500,000 in capital improvements. Renovations across 61 units and the addition of a new retaining wall have enhanced both the comfort and appeal of the community. These upgrades create a modern and inviting atmosphere for residents while increasing the property’s value and rental potential. Located in a well-connected neighborhood, residents enjoy easy access to major highways, public transportation, schools, parks, shopping, and dining options. With its recent enhancements and prime location, this property provides a great opportunity for comfortable living and long-term value.
Presented By: DARREN CORREA with LE INVESTMENT GROUP; 714-310-2840
Interior Features for 420 S Real Road
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 420 S Real Road
Additional Parcels Description14924013002, 14924012009
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityBakersfield
Community FeaturesSuburban
CountyKern
DirectionsFrom CA-99, take the Ming Ave exit, head west, turn right on S Real Rd, and the property is on the right.
Electric Expense9000.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense9000.0
Garage Spaces0.0
Garage Y/NNo
Gross Income942597.0
HOANo
Home Warranty Y/NNo
Insurance Expense39910.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsConventional
Lot Size Square Feet130680.0
Lot Size UnitsSquareFeet
MLS AreaBKSF - Bakersfield
MobileHomeRemainsYNNo
Net Operating Income617027.0
New ConstructionNo
Number Of Units Total64
Operating Expense325570.0
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 StatusActive
StatusActive
Stories2
Tax Lot12
Trash Expense9000.0
Water Sewer Expense9000.0
Waterfront Y/NNo
Year Built1963
Year Built SourcePublicRecords
ZoningR-3
Exterior for 420 S Real Road
Building Area Total46376.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwentyOneToTwentyFiveUnitsAcre
Lot Size Acres3.0
Lot Size Area130680.0
Lot Size SourceAssessor
Number of Buildings16
Number of Separate Electric Meters64
Number of Separate Gas Meters64
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking64.0
Water SourcePublic
Additional Details
Price History
Keegan Cin
Team Lead
Price
$9,500,000
MLS#IV25046270
List Date
03/03/2025
Property Type
Multi-Family
Phone
(310) 963-5595
