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2501 7th Street
Wasco CA 93280 US

$2,999,000

Active Listing ID OC24220838
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$2,999,000

Active Listing ID OC24220838
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2501 7th Street 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). **

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 2999000
  • unparsedaddress: 2501 7th Street
  • postalcity: Wasco
  • stateorprovince: CA
  • country: US
  • postalcode: 93280
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Square Feet
  • livingarea: 3808
  • livingareaunits: Square Feet
  • listagentfullname: Alex Parker
  • listagentemail: Alex.Parker@Elliman.com
  • listagentkey: 3yd-MRMLSCA-OCPARKALE
  • listagentmlsid: OCPARKALE
  • listagentpreferredphone: 9172159295
  • listagentofficephone: 9493540450
  • listofficekey: 3yd-MRMLSCA-OC05850
  • listagentstatelicense: 01928217
  • listofficemlsid: OC05850
  • disclaimer: Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1981
  • listingcontractdate: 2024-10-28
  • listagenturl: http://www.ParkerGroupRE.com
  • countyorparish: Kern
  • parcelnumber: 48820001007
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Douglas Elliman Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"Alex.Parker@Elliman.com", "ListBrokerageCity":"Beverly Hills", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Jon.Butler@elliman.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MRMLSCA/325ce7c1610f11e3a96122000a638dd3/20180713204011798.png", "ListBrokerageName":"Douglas Elliman Real Estate", "ListBrokeragePhone":"(424) 202-5004", "ListBrokeragePostalCode":"90212", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"150 S El Camino Dr", "ListBrokerageWebsiteUrl":"https://elliman.com/california", "ListOfficeAddress1":"28202 Cabot Rd Ste510", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"OCBUTLJON", "ListOfficeCity":"Laguna Niguel", "ListOfficeCountry":"US", "ListOfficeEmail":"Jon.Butler@elliman.com", "ListOfficePostalCode":"92677", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale - Wasco, CA", "ListingURL":"https://listings.listhub.net/pages/MRMLSCA/OC24220838/?channel=rexren", "MLSModificationTimestamp":"2024-10-28T18:10:02Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/20/2024 5:10:21 AM GMT
Source Updated Date: 12/26/2024 6:52:58 AM GMT

Courtesy of: Alex Parker, Douglas Elliman of California, Alex.Parker@Elliman.com

Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.