The original building was 3 two bedroom 1 bath units and it burned. The city had it demolished and only the original foundation was left. The owner has approved plans from the city to rebuild the 3 two bedroom units with 1 bath. The foundation was checked by the Engineer and it is in great condition it meets City requirements to build. All utilities are at the site and can be reconnected once the construction is finished. The area is close to Bakersfield Medical and is a Great rental area. This is a lot in a well developed section of the City of Bakersfield. The seller is selling the foundation with approved plans to rebuild 3 Two Bedroom units. This is a Great opportunity to build new units and received the rental income. The area is very developed and It is close to Kern Medical Center where you can get some great tenants. All plans will be delivered to new buyer with an acceptable offer. Plans are approved with sprinklers.
Great opportunity to acquire a 14-acre parcel of land in Bakersfield, California. This remarkable property comes with plans for a 121-unit apartment development project, occupying a seven-acre portion of the lot. The remaining seven acres are unimproved and present a blank canvas for future development. The R2 zoning in the City of Bakersfield allows for the construction of one unit per every 2,500 square feet of land by right. This means that based on the given area, a maximum of 243 units can be built on the site. Additionally, with the inclusion of the statewide density bonus of additional 50% more units, the total number of units that can be constructed on the site increases to 364 units (Buyer to verify). This makes the property even more appealing with the price per 364 buildable units at an incredible $15,064 each unit.
