2121 California Ave & 2120 Park Way
Bakersfield, CA
Status:
Sold
Close of Escrow: 03/24/2016
Total Number of Units: 36
Year Built: 1967
Sale Price: $2,161,339
Price per Unit: $60,037
Price per Square Foot: $75.02
CAP Rate: 5.28%
GRM: 9.14
Downpayment: $761,023
Net Operating Income: $114,039
Rentable Square Feet: 28,811
Lot Size: 0.99 Acres
Unit Type
1Bdr 1Bath
2Bdr 1Bath
No. of Units
4
31
The Cal Park apartments were a portfolio sale in which Le Investment Group represented the Buyer. The propery is composed of 4 one-bedroom / one-bathroom units, and 32 two-bedroom / two-bathroom units.
