Address: |
view address Lake Isabella, CA 93240 Map Location |
Bedrooms: | 0 |
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Square Feet: | 8,656 sq.ft. | Lot Size: | 0.65 acres |
Year Built: | 1964 | Styles: | Cottage |
Property Type: | Duplex | County: | Kern |
List Date: | 2024-02-13 | Listing Number: | SR24031139 |
Listed By: | Coldwell Banker Preferred Realtors | Listing Office: | 661-331-0598 |
Days on market: | 73 |
Don't miss out on your next investment opportunity! Priced at an attractive $119,900 per unit, this property has undergone over $240,000 in recent capital improvements, ensuring continuous appreciation in value. With the rise of remote work, tenants prioritize lifestyle over commuting, making locations like Lake Isabella highly desirable. Offering breathtaking mountain views, lake proximity, and abundant outdoor recreation, like hiking, boating, and fishing, this property truly distinguishes itself in the market. Moreover, with affordable rents and limited multi-family housing in the Kern River Valley, vacancies are rare. This meticulously maintained, 10-unit garden-style complex promises solid returns and substantial rental upside. Six units have undergone extensive renovations with upgrades such as new flooring, blinds, stylish cabinets, quartz countertops, and more, enabling rents to surpass $1,100 per month for 2-bedroom units. The property spans 8,656 square feet and includes 4 duplexes (each 2 bd/1 bath, approx. 826 sf), a 1 bd/1 bath unit (approx. 520 sf), and a 3 bd/1 bath house (approx. 1528 sf). Outside, relish in the tranquil community area with BBQ facilities, comfortable seating, and lush landscaping. With positive cash flow, a strong cap rate and GRM, plus significant upside potential, this opportunity is not to be missed. Contact us today for further details!
Dishwasher: | Yes | Fireplace In Family Room: | Yes |
Gas Oven: | Yes |
Carport: | Yes | Composition Roof: | Yes |
Parking Spaces: | 8.00 | Style: | Cottage |
Has View: | Yes | Lot Acres: | 0.65 |
Lot Has Mountain View: | Yes | Lot Near Mountains: | Yes |
Lot Number: | 38.00 | Lot On Municipal Road: | Yes |
Lot Sqft: | 28,313.00 | Public Water: | Yes |
Septic System: | Yes | Transaction Type: | Sale |
Year Built: | 1964 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
|
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.