$1,462,000
$1,640,000
10.9%For more information regarding the value of a property, please contact us for a free consultation.
10,980 SqFt
SOLD DATE : 08/15/2025
Key Details
Sold Price $1,462,000
Property Type Commercial
Sub Type 11 Plus
Listing Status Sold
Purchase Type For Sale
Square Footage 10,980 sqft
Price per Sqft $133
MLS Listing ID 202507547
Sold Date 08/15/25
Year Built 1970
Property Sub-Type 11 Plus
Property Description
Offered at $1,640,000, 5201 Demaret is a well-maintained 16-unit apartment complex located in Southwest Bakersfield near the California Avenue office corridor and major retail centers. Built in 1970 and totaling approximately 10,980 square feet, the property generates a gross scheduled income of $181,860 annually. The seller has cared for the building to a high standard, including recent exterior paint and ongoing upkeep. This asset presents an attractive opportunity for investors seeking cash flow in a strong rental submarket
Location
State CA
County Kern
Area 52
Exterior
Parking Features Uncovered, Other
Building
Story 2
Schools
Elementary Schools Van Horn, Wayne
Middle Schools Thompson, F. L.
High Schools West
School District Panama-Buena Vista
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Bought with Marc A Thurston • ASU Commercial
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