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1423 24th St
Bakersfield, CA 93301
Asking Price
$695K
Asset Type
Office
Class
Class B
What's Special
Two Buildings in Downtown Bakersfield <ul><li>Unique opportunity to purchase two properties on one lot.</li><li>Prime downtown location.</li><li>Excellent visibility on the SEC of 24th Street & Chester Avenue.</li><li>Building signage available.</li><li>On-site private parking.</li><li>1421 24th St. is partially leased on a month-to-month basis.</li><li>Zoned C-2 (regional commercial) – City of Bakersfield.</li></ul>
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NOI
$80,000
Cap Rate
11.51%
DSCR
1.94
Strong
Cash-on-Cash
18.58%
Monthly Payment
$3,438.481
Annual Cash Flow
$38,738.23
