Niles Street Portfolio

Off Market

**NEW PRICE** This portfolio contains four multifamily units and three retail shops, all within three side-by-side lots. The portfolio must be sold together. Seller is a licensed agent but is not L.A. Two of the lots utilize solar-powered electricity. Private financing or hard money loan required.

Rare opportunity to own a mixed portfolio of seven multifamily and retail units–all fully occupied with long-term tenants! This property’s location on Niles ensures high consumer visibility, an attractive feature for the current businesses and future tenant prospects. The deal includes a bread and butter fourplex apartment with three one-bed, one-bath units and one two-bed, one-bath unit. Tenants will appreciate the attached garages and plentiful parking areas. Apartment rents range from $635 – &775, with room for rent upside. Three units utilize solar power for electricity. Two of the three retail units have current leases, the third is month-to-month. Retail rents range from $550 – $1,375.

Please do not disturb the tenants! Property subject to interior inspection.

Price:$529,999
Units4 Multifamily / 3 Retail
Unit Mix(3) 1-Bed / 1-Bath Units & (1) 2-Bed / 1-Bath Unit
Net Operating Income$42,471.25
Cap Rate8.01
Gross Rent Multiplier7.44
Address:2035 - 2103 Niles Street
City:Bakersfield
County:Kern
State:CA
Zip Code:93305
Year Built:1951
Floors:2

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