2508 Ashe Road is a well maintained five-unit multifamily property in a desirable Southwest Bakersfield location. Built in 1978, the property is in good condition and has a stable, reliable tenant mix. Vacant units rent very fast given the desirable area and central location. The unit mix includes four 2- bedroom x1bath units and one 3-bedroom unit. Each unit has in-unit laundry, central heating, and air conditioning. The property also includes five separate garages, with one garage attached to the three bedroom unit. Some rents are below market, providing a clear opportunity to increase income. California generally permits annual rent increases of 5% plus inflation, up to a maximum of 10%, where applicable. This is a strong income producing property with good tenants, desirable features, and room for future rental growth.
| MLS # | GD26191747 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1978 |
| Days On Site | 53 |
| Listing Provided By | JohnHart Real Estate | Karine Haneyan |
| SQ Feet | 4,659 |
|---|---|
| Garage | 5 |
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 1 |
| Acreage | 0.31 |
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Lot Features | Two To Five Units Acre |
|---|
| Parking Features | Garage |
|---|---|
| Garage Yes / No | Yes |
| Sewer | Public Sewer |
|---|
| Community Features | Curbs, Sidewalks |
|---|
| State | CA |
|---|---|
| County | Kern |
| City | Bakersfield |
| Zip Code | 93309 |
| Area | BKSF Bakersfield |
| Listing VS Median (in 93309) | |
Price: $850,000 low | high Med: $365,000 sqft: 4,659 low | high Med: 1,418 $ / sqft: $182 low | high Med: $259 On site: 53 low | high Med: 93 | |
| State | CA |
|---|---|
| County | Kern |
| City | Bakersfield |
| Zip Code | 93309 |
| Area | BKSF Bakersfield |
| Listing VS Median (in 93309) | |
Price: $850,000 low | high Med: $365,000 sqft: 4,659 low | high Med: 1,418 $ / sqft: $182 low | high Med: $259 On site: 53 low | high Med: 93 | |