1000 Padre Street

Bakersfield, CA 93307

PRICE REDUCED

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-$265,000 (-53.00%)

$235,000

List Price

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Property Description

Presenting a meticulously planned and County-approved site for a 24-unit apartment complex, this vacant lot is ready to bring your development dreams to life. Designed for maximum convenience and luxury, this project includes 12 spacious 2-story duplexes, each with a 2-car garage. Just take a look at those renderings. The County of Kern Planning Department has given its seal of approval for this project, streamlining the development process. With 24 units, you can expect a substantial rental income stream from this apartment complex. Utilities, including water, sewer, gas, and electricity, are readily available on the street, simplifying the development process. If you are a seasoned developer or a savvy investor, this property is a golden ticket to expand your real estate portfolio. Builders, don't miss out on this opportunity to bring your construction expertise to life. The groundwork is laid out. For serious inquiries, we can provide detailed financial projections.

Listing Information

List Price $235,000
Status Active
MLS SR23186426
HOA $0
Type Land
Lot Size 84,071
Structure Size N/A
DOM 425
Courtesy Of The Mora Partners Inc.
Listing Agent Alejandro Mora DRE#01820381

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Exterior Information

Maps

Listing information courtesy of: Alejandro Mora, The Mora Partners Inc. 661-463-8186. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 5:31 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.