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123 E 18th Street

Bakersfield, CA 93305
  • $2,000,000
  • STATUS: Active
  • ON SITE: 40 Days
  • ID#: 202400786
UPDATED: 22 min ago
$2,000,000
  • 0
    BEDS
  • 0.54
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,911
    SQFT
  • $1,047
    $/SQFT
Neighborhood:
41
Type:
Commercial
Built:
1935
County:
Area:
41

School Ratings & Info

Description

Introducing a One-of-a-kind Commercial Opportunity That's Sure to Impress! Nestled in the Heart of Bakersfield, this investment opportunity features several buildings one of which is occupied by Los Tacos De Huicho. This Well-established Restaurant Has Earned Its Reputation as a Go-to Destination for Locals and Visitors Alike, they are a stabilized long term tenant. The Restaurant leases the building for $6500 p/m. Also Featured on the Property is a Large 2 Story Building with Store Frontage and an Attached Steel Arch Quonset Hut With a Power Rolling Steel Door, Making It Perfect for Manufacturing, storage Space and/or Banquet Hall for Events, all situated on a large lot.The Front Part of This Property Features 2 Floors, With Office Suites, Making It an Ideal Investment for Entrepreneurs and Business Owners Alike. First floor rents for $1875 p/m, 2nd floor rents for $1500 p/m, Q-hut rents for $2100 p/m and the house rents for $650 p/m for a total of $12,625 p/m and $151,500 p/y.

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Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2024. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Infinity Real Estate Services 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. Data last updated: 2024-03-04T06:33:43.063.
www.kerncountyhouse.com/homes/146861644
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123 E 18th Street Bakersfield, CA 93305

  • Price: $2,000,000
  • Status: Active
  • On Site: 40 Days
  • Updated: 22 min ago
  • ID#: 202400786
0
Beds
0
Baths
0
½ Baths
0.54
Acres
1,911
SQFT
$1,047
$/SQFT
1935
Built
Neighborhood:
41
County:
Kern
Area:
41
Property Description
Introducing a One-of-a-kind Commercial Opportunity That's Sure to Impress! Nestled in the Heart of Bakersfield, this investment opportunity features several buildings one of which is occupied by Los Tacos De Huicho. This Well-established Restaurant Has Earned Its Reputation as a Go-to Destination for Locals and Visitors Alike, they are a stabilized long term tenant. The Restaurant leases the building for $6500 p/m. Also Featured on the Property is a Large 2 Story Building with Store Frontage and an Attached Steel Arch Quonset Hut With a Power Rolling Steel Door, Making It Perfect for Manufacturing, storage Space and/or Banquet Hall for Events, all situated on a large lot.The Front Part of This Property Features 2 Floors, With Office Suites, Making It an Ideal Investment for Entrepreneurs and Business Owners Alike. First floor rents for $1875 p/m, 2nd floor rents for $1500 p/m, Q-hut rents for $2100 p/m and the house rents for $650 p/m for a total of $12,625 p/m and $151,500 p/y.
Property Features

Annual Gross Income 151500.00 Annual Net Income 113625.00 Cap Rate 6.4 Commercial Type Commercial Current Use RestaurantOfficeretailManufacturing Total Annual Expense 31980.00 Zone M1

Listing courtesy of Peter Peralta of Miramar International-Riverwalk: .


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2024. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Infinity Real Estate Services 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. Data last updated: 2024-03-04T06:33:43.063.
 
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900 Truxtun Avenue Suite #230
Bakersfield CA, 93301