401 E California Ave, Bakersfield, CA 93307

Property Description

7 GRM!!! Cash cow! No banks needed, seller financing available! This is a great opportunity to add to your investment property portfolio with this income producing cash cow! Total of 7 revenue sources!!! Prime corner commercial Building with 5 additional rental income Houses & a garage with an office, PLUS added monthly income from Billboard Sign on premises. Next to the commercial building is a newly renovated 2 bedroom 1 bath house with an office. The garage with an office is between the two. Behind, are 4 Cute 1 bedroom Houses + Billboard on premises. Billboard on premises collects $85/month, price coming up for renewal in 2024 (can be A LOT more). Monthly rents are: Three 1 bedroom houses $650, $850, $850 (Proforma rent $950), $1000 2 bedroom 1 bath, $2,500 Commercial unit, $500 garage w office. Front house 2 bd, 1 ba, with bonus room $1000. Total monthly rents $7,435, annually $89,220. Cap rate 10%