Active
2501 7th Street A
Wasco CA, 93280
$2,999,000
$787.55 per sqft
Active
3,808 sqft
Commercial
Built in 1981
Listed by Alex Parker with Douglas Elliman of California 917.215.9295
Exceptional 20-Unit Investment Portfolio - Prime Rental Opportunity with Growth Potential -
Introducing an exceptional 20-unit investment portfolio featuring four well-maintained residential buildings, each with five spacious units. Each unit offers 2 bedrooms, 1.5 bathrooms, and 952 square feet, catering to modern tenant expectations. With two recently renovated units achieving significantly higher rents than non-renovated units, there's a proven value-add opportunity for increased revenue through selective updates across the portfolio.
Each building includes an on-site laundry facility, providing tenants with convenient access to amenities. Parking is ample, with a combination of covered carport spaces and abundant street parking for residents and guests alike. A central green space between buildings enhances community appeal, offering tenants a recreational area for leisure and gatherings.
Situated in a highly desirable location, the property is close to schools, community parks, and a variety of shopping and dining options, attracting a diverse tenant base. Additionally, its proximity--just 30 minutes--to Dignity Health Memorial Hospital makes this portfolio especially appealing to medical professionals seeking nearby housing.
With its strong rental history, tenant-friendly amenities, and clear potential for revenue growth, this portfolio presents an ideal opportunity for investors seeking long-term stability and increased returns in a competitive market. -
** This Listing is for the 4 Building, 20-Unit Property Portfolio located at 2501 (5 Rental Units), 2517 (5 Rental Units), 2533 (5 Rental Units), and 2549 (5 Rental Units) 7th Street. This portfolio is being sold as a full package (total of 4 buildings, 5 units each, for a total of 20 units). **
OC24220838
MLSⓇ ID
October 28, 2024
Listed
December 5, 2024
Updated
Map
2501 7th Street A
Wasco CA, 93280
Interior Features
Total Stories
2
Laundry Description
Common Area, Laundry Room
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.22 Acres
Lot Features
Landscaped
Other Property Details
Area Name
WSCO - Wasco
Days on Market
37
Garage
No
View
No
County
Kern
Water Source
Public
Pool
No
Listing Contact: 949-354-0450
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/5/2024 at 1:30 PM UTC