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5801 Morning Drive
Bakersfield, CA 93306
Asking Price
$13.68M
Asset Type
Residential Land
Class
Class B
What's Special
Land | 68.63 acres <ul><li>The project is designed as a four-phase development, allowing a homebuilder to manage absorption, capital deployment, and vertical timing efficiently.</li><li>Located in East Bakersfield growth corridor</li><li>Surrounded by active builders (LGI, KHovnanian, etc.)</li><li>Proximity to City Lights Retail Development (Opening 2027)</li><li>Strong access via Hwy 178</li><li>Builder-ready, phased community</li><li>Financeable, scalable development</li></ul>
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NOI
$80,000
Cap Rate
0.58%
DSCR
0.10
Underwater
Cash-on-Cash
-17.84%
Monthly Payment
$67,661.386
Annual Cash Flow
$-731,936.633
