1902 Lotus Lane,Bakersfield, CA 93307
Bakersfield, CA 93307
Description
Ready-to-Issue Permits for 14 Units + 3 ADU's! This one is as close to go-time as land gets! 1902 Lotus Lane comes with ready-to-issue permits for a 14-unit apartment complex plus 3 ADUs - 17 rentable units total. Plans are drawn, permits are in hand, and all utilities are available at the lot. Water, sewer, gas, and electric are ready to connect. You're not buying a vision here - you're buying a running start! The project is designed as 7 two-story duplexes, each unit with a 2-car garage. The 3 ADUs add bonus income with minimal added complexity. At $195,000 that's under $11,500 per door in land cost for a fully permitted 17 unit project - before you've swung a hammer. Bakersfield rental demand is strong and new supply is thin. Permits like this save 12-18 months of time and tens of thousands in entitlement costs. That savings is already built into this price. Ideal for a builder ready to move fast or an investor looking to add a stabilized income property to their portfolio.
Details
| MLS # | SR26127523 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Days On Site | 80 |
| Listing Provided By | The Mora Partners Inc. | Alejandro Mora |
Features
| Zoning | R3 |
|---|---|
| Acreage | 0.46 |
| Property View | None |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Location
| Community Features | Curbs |
|---|
Area Information
| State | CA |
|---|---|
| County | Kern |
| City | Bakersfield |
| Zip Code | 93307 |
| Area | BKSF Bakersfield |
| Listing VS Median (in 93307) | |
Price: $195,000 low | high Med: $862,000 On site: 80 low | high Med: 309 | |
Market Activity 93307
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Learn More About This Property
| State | CA |
|---|---|
| County | Kern |
| City | Bakersfield |
| Zip Code | 93307 |
| Area | BKSF Bakersfield |
| Listing VS Median (in 93307) | |
Price: $195,000 low | high Med: $862,000 On site: 80 low | high Med: 309 | |