12119 Edison Bakersfield, CA ^$ 574,999

12119 Edison

^$ 574,999

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Adult Community

12119 Edison

Bakersfield, CA, 93307

^$ 574,999

Bedrooms6 Baths5.0 Sq 2,397

Monthly Estimate*

^$ 3,822

Listed by Keller Williams Realty Bakersfield

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Multi-Family Home for sale in Bakersfield, CA

for $574,999 with 6 bedrooms and 5 full baths. This 2,397 square foot home was built in 1942 on a lot size of 0.7249.

Bread and butter 5 units sitting on a 0.70 acre lot with a C-2, R-2 zoning generating just under $5,000 in monthly rental income. Wonderful opportunity to own this piece of real estate that has steady income with low maintenance and high returns. Property consists of 4 one bed one bath units, 1 two bed one bath unit and 1 manufactured home. In addition, there are endless possibilities to explore, as you can add more units and maximize your investment, as the zoning and lot size allows for more units that can be built/added comfortably. Don't sleep on this one and add this income producing property to your portfolio today!

Multi-Family Active

Price

^$ 574,999

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.7249

Year Built

1942

Town/City

Bakersfield

County/Region

Kern

MLS | Web ID

PI24093673

Days on Market

Features

General

Sewer PublicSewer

Zoning C-2 R-2

HOA 0.0

Garage Spaces 0.0

Pool Features None

Year Built 1942

Tenant Pays Electricity Gas

Stories 1

Levels One

Property SubType MixedUse

Gross Income 56592.0

Community Features Sidewalks

County Kern

Net Operating Income 50000.0

Operating Expense 6000.0

Insurance Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions From CA-58 E take exit for Edison Rd toward Edison then turn left onto S Edison Rd then turn right onto Edison Hwy

City Bakersfield

Entry Location 1

View Y/N N

Senior Community Y/N Y

NumberOfUnitsTotal 5

MLS Area BKSF - Bakersfield

Lot Size Units SquareFeet

Lot Size Square Feet 31575.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Edison

Listing Terms Cash Conventional Item1031Exchange

Property Attached Y/N N

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 16

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 12

Property Sub Type Additional MixedUse

Exterior

Parking Features Driveway Private OneSpace Uncovered Unpaved

Lot Features Item01UnitAcre

Water Source Public

Total Parking 0.0

Lot Size Area 31575.0

Number of Buildings 5

Spa N

Building Area Total 2397.0

Lot Size Acres 0.7249

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 5

Number of Separate Electric Meters 5

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Laundry Features WasherHookup GasDryerHookup

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 12119

* Excluded Features

List By

Keller Williams Realty Bakersfield

Broker

(661) 617-6500

Phone

Affordability Calculator

$3,822

Per Month

Monthly Principal & Interest: $3,822
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% 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 ^$803,377

Percent of Sale Price 40%

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.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/9/2024	$574,999		Listed Price

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12119 Edison, Bakersfield, CA, 93307 is a Multi-Family Home for sale at $574,999 with 2,397 sqft and a lot size of 0.7249. 12119 Edison has 6 bedrooms, 5.0 baths, and was built in 1942. The property's zip code is 93307 which is in Bakersfield, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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12119 Edison

Multi-Family Home for sale in Bakersfield, CA

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