Property listed by The Mora Partners Inc., Alejandro Mora 661-463-8186
1902 Lotus Lane
Bakersfield, CA 93307
Acres
0.46
$195,000
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… Read More 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. Read Less
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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