1400-1401 Valhalla Drive Bakersfield, CA ^$ 9,850,000

1400-1401 Valhalla Drive

^$ 9,850,000

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1400-1401 Valhalla Drive

Bakersfield, CA, 93309

^$ 9,850,000

Studio Baths0.0 Sq 23,515

Monthly Estimate*

^$ 68,805

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Studio

Multi-Family Home for sale in Bakersfield, CA

for $9,850,000. This 23,515 square foot home was built in 1977.

We are honored to exclusively present for sale an enticing investment tailored to your needs: a meticulously maintained 64-unit apartment complex in Southwest Bakersfield, 93309. Crafted with your 1031 exchange goals in mind, this property offers a compelling mix of convenience, potential, and effortless ownership. Recent upgrades including new air conditioning units and new roofs, multiple water heaters have been done to ensure minimal hassles and maximum returns for you. With a dependable rental income stream and promising appreciation prospects, this property hits the mark for savvy investors seeking to optimize their exchange. Nestled in a prime location with seamless access to all necessities, from shopping to transportation, the offering guarantees strong demand and consistent occupancy rates.

Multi-Family Active

Price

^$ 9,850,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

11 Plus

Year Built

1977

Town/City

Bakersfield

County/Region

Kern

MLS | Web ID

202401499

Features

Exterior

Parking Features Carport

Garages 0

Parking 0.00

Lot Size Units SqFt

Lot Size Source (Public Record)

General

Year Built 1977

Neighborhood Curran

Subdivision Bakersfield

Stories 2

Property SubType 11 Plus

Gross Income 764556.00

County Kern

Net Operating Income 466647.00

Property Type Residential Income

Close Price 0.00

Status Active

High School West

City Bakersfield

Disclosures None of the Above

Total Units 64

MLS Area 52

Lot Size Square Feet 53143.00

Street Name Valhalla

Elementary School Munsey Millie

Middle/Junior High School Curran

Days on Market 70

Elementary School District Bakersfield City

Cap Rate 0.05

Interior

Street Suffix Drive

Internal Only

Street Number 1 1400

* Excluded Features

List By

Esteban Contreras

Listing Agent

Central Valley Property Adviso

Broker

esteban@centralvalleypropertyadvisors.com

Affordability Calculator

$68,805

Per Month

Monthly Principal & Interest: $68,805
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Bakersfield, CA

Average List Price ^$827,485

Percent of Sale Price 92%

About Bakersfield, CA

383,374 Population

50% Since 2002

^$58,566 Median Income

32.94 Median Age

40% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1904746 Elementary School

1904575 Middle School

West High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/14/2024	$9,850,000		Listed Price

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1400-1401 Valhalla Drive, Bakersfield, CA, 93309 is a Multi-Family Home for sale at $9,850,000 with 23,515 sqft. 1400-1401 Valhalla Drive is a studio with 0.0 baths and was built in 1977. The property's zip code is 93309 which is in Bakersfield, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Golden Empire MLS IDX Database. Real estate listings held by brokerage firms other than Weichert Realtors include the name of the listing broker.

The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from Golden Empire MLS, Inc., as of 4/25/2024. 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.

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1400-1401 Valhalla Drive

Multi-Family Home for sale in Bakersfield, CA

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