1101 Oleander Avenue
Bakersfield, CA
Status:
Sold
Close of Escrow: 07/11/2016
Total Number of Units: 45
Year Built: 1975
Sale Price: $1,700,000
Price per Unit: $37,777
Price per Square Foot: $88.59
CAP Rate: 7.00%
GRM: 9.55
Downpayment: $595,000
Net Operating Income: $119,000
Rentable Square Feet: 19,188
Lot Size: 1.42 Acres
Unit Type
Studios
1Bdr 1Bath
No. of Units
23
22
Le Investment Group was pleased to represent the Buyer of this multifamily asset consisting of 23 studio units and 22 one bedroom one bathroom units. The property was constructed in 1975.
