2501 7th ST new

Wasco,CA 93280

$ 2999000

- Bed

- Bath

3808 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,808 sqft

Price per Sqft $787

MLS Listing ID OC24220838

Year Built 1981

Lot Size 9,500 Sqft

Property Description

Exceptional 20-Unit Investment Portfolio – Prime Rental Opportunity with Growth Potential -
Introducing an exceptional 20-unit investment portfolio featuring four well-maintained residential buildings, each with five spacious units. Each unit offers 2 bedrooms, 1.5 bathrooms, and 952 square feet, catering to modern tenant expectations. With two recently renovated units achieving significantly higher rents than non-renovated units, there’s a proven value-add opportunity for increased revenue through selective updates across the portfolio.

Each building includes an on-site laundry facility, providing tenants with convenient access to amenities. Parking is ample, with a combination of covered carport spaces and abundant street parking for residents and guests alike. A central green space between buildings enhances community appeal, offering tenants a recreational area for leisure and gatherings.

Situated in a highly desirable location, the property is close to schools, community parks, and a variety of shopping and dining options, attracting a diverse tenant base. Additionally, its proximity—just 30 minutes—to Dignity Health Memorial Hospital makes this portfolio especially appealing to medical professionals seeking nearby housing.

With its strong rental history, tenant-friendly amenities, and clear potential for revenue growth, this portfolio presents an ideal opportunity for investors seeking long-term stability and increased returns in a competitive market. -

** This Listing is for the 4 Building, 20-Unit Property Portfolio located at 2501 (5 Rental Units), 2517 (5 Rental Units), 2533 (5 Rental Units), and 2549 (5 Rental Units) 7th Street. This portfolio is being sold as a full package (total of 4 buildings, 5 units each, for a total of 20 units). **

Location

State CA

County Kern

Area Wsco - Wasco

Rooms

Ensuite Laundry Common Area,Laundry Room

Interior

Laundry Location Common Area,Laundry Room

Heating Forced Air

Cooling Central Air

Laundry Common Area,Laundry Room

Exterior

Fence Wood

Building

Lot Description Landscaped

Story 2

Water Public

Others

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

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