515 Crawford Str

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515 Crawford Str

Bakersfield, CA 93305
Asking Price
$290K
Asset Type
Multifamily
Class
Class B

What's Special

515 Crawford Street is located in East Bakersfield, a neighborhood characterized by a mix of residential housing and light commercial activity. The property is situated near the intersection of Niles Street and Baker Street, providing residents with proximity to local grocery stores, dining options, and public parks like Heritage Park. Transportation access is convenient via Golden State Highway 178, which connects the area to Downtown Bakersfield and major employment hubs. Several bus stops are within walking distance, offering reliable transit links throughout the city. The property is suited for multifamily residential use, attracting a tenant profile that values affordability and accessibility to central Bakersfield. Typical occupants include local service-industry professionals, small families, and commuters seeking transit-oriented housing. The configuration of the asset allows for long-term rental stability within a high-demand rental market. Its location near schools and healthcare facilities makes it an ideal choice for workforce housing, serving individuals who prioritize a functional living environment with direct access to neighborhood services and municipal infrastructure.

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NOI
$80,000
Cap Rate
27.59%
DSCR
4.65
Strong
Cash-on-Cash
72.16%
Monthly Payment
$1,434.762
Annual Cash Flow
$62,782.859

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