510 Lake Street- Experience an incredible investment opportunity at 510 Lake Street, Bakersfield, CA, where six bread and butter 2-bedroom/1-bath units await in this property constructed in 1979. Priced attractively at $600,000, each unit costs only $100,000, making it an exceptional deal. With a Gross Rent Multiplier of 9.81, this property promises solid returns, reflecting its potential for lucrative rental income. Don't miss out on this chance to secure a profitable asset in a desirable location. Three units have immediate rent upside.
Sold
$540,000
510 Lake St, Bakersfield, CA 93305
--beds
--baths
4,608sqft
Multi Family
Built in 1979
-- sqft lot
$606,400 Zestimate®
$117/sqft
$1,477 Estimated rent
Home value
$606,400
$552,000 - $673,000
$1,477/mo
Zestimate® history
Owner options
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$1,477/mo
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$1,477/mo
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$3,490/mo
Est. payment
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$3,490/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Marc A Thurston DRE #1099353 661-889-6597 thurston@asuassociates.com,
ASU Commercial
Bought with:
Marc A Thurston, DRE #1099353
ASU Commercial
Source: Bakersfield AOR,MLS#: 202401804
Facts & features
Interior
Interior area
- Total structure area: 4,608
- Total interior livable area: 4,608 sqft
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Levels: Two
Lot
- Size: 7,405 Square Feet
Details
- Parcel number: 01415013
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1979
Community & HOA
Community
- Subdivision: Town Of Kern
Location
- Region: Bakersfield
Financial & listing details
- Price per square foot: $117/sqft
- Date on market: 2/27/2024
- Cumulative days on market: 3 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/22/2024 | Sold | $540,000-10%$117/sqft |
Source:  Bakersfield AOR #202401804 Report a problem | ||
| 3/1/2024 | Pending sale | $600,000$130/sqft |
Source: Bakersfield AOR #202401804 Report a problem | ||
| 2/27/2024 | Listed for sale | $600,000$130/sqft |
Source: Bakersfield AOR #202401804 Report a problem | ||
| 3/3/2016 | Listing removed | $595 |
Source: POTTER MCKINNEY, INC. Report a problem | ||
| 1/28/2016 | Price change | $595+3.5% |
Source: Potter McKinney, Inc. Report a problem | ||
| 12/21/2015 | Listed for rent | $575 |
Source: POTTER MCKINNEY, INC. Report a problem | ||
| 11/5/2015 | Listing removed | $575 |
Source: Potter McKinney, Inc. Report a problem | ||
| 10/30/2015 | Listed for rent | $575 |
Source: Potter McKinney, Inc. Report a problem | ||
| 9/19/2015 | Listing removed | $575 |
Source: POTTER MCKINNEY, INC. Report a problem | ||
| 9/2/2015 | Price change | $575+9.5% |
Source: Potter McKinney, Inc. Report a problem | ||
| 7/21/2015 | Listed for rent | $525+5% |
Source: Potter McKinney, Inc. Report a problem | ||
| 5/8/2015 | Listing removed | $500 |
Source: Potter McKinney, Inc. Report a problem | ||
| 5/5/2015 | Price change | $500-4.8% |
Source: Potter McKinney, Inc. Report a problem | ||
| 4/28/2015 | Listed for rent | $525-8.7% |
Source: Potter McKinney, Inc. Report a problem | ||
| 3/7/2015 | Listing removed | $575 |
Source: Potter McKinney, Inc. Report a problem | ||
| 10/21/2014 | Listed for rent | $575 |
Source: Potter McKinney, Inc. Report a problem | ||
Public tax history
Tax history is unavailable.
Find assessor info on the county website
Neighborhood: East Bakersfield
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Nearby schools
GreatSchools rating
- 2/10Longfellow Elementary SchoolGrades: K-6Distance: 0.7 mi
- 2/10Washington Middle SchoolGrades: 6-8Distance: 1.5 mi
- 5/10Bakersfield High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Longfellow
- Middle: Washington
- High: Bakersfield
- District: Bakersfield City
Source: Bakersfield AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$606,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$606,400
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