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$ 1,500,000
Est. payment /mo
Active
922 S Union AVE Bakersfield, CA 93307
1.92 Acres Lot
UPDATED:
09/30/2024 06:42 PM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR23119464
HOA Y/N No
Year Built 1923
Lot Size 1.923 Acres
Property Description
The park has a permit for 62 spaces. It consists of 10 mobile home spaces and 52 large RV spaces. In addition, there is 1 house on Lomita and 1 house on Union. The property consists of 3 separate parcels. 922 S. Union and 908 & 910 Lomita St.
The lots on Lomita are large deep lots. The lots' back portion is part of the RV/mobile home park. The house in the front portion of 910 was demolished, and the back portion has 6 spaces. The front portion of 908 has a large house, and the back portion has 9 spaces. 922 south union has 47 spaces and a house in front.
The park pays for spaces’ utilities, but they are sub-metered for electricity, and the new park owner can increase revenue by billing the tenants for it. The park pays for water at a flat rate. The tenants have a month-to-month lease, but they are long-term tenants.
The park is located across the street from Golden West Casino and Kern County fairgrounds, which has high traffic, especially on weekends. Since vendors at the fairgrounds set up shop on Friday afternoons for weekend events, the park could be repositioned from long-term to short-term tenancy to cater to these vendors. Similarly, the park can provide short-term tenancy to cater to the Golden West Casino clients.
The sale includes 25 park-owned trailers. 4 are unassigned to a space. Additionally, the park is in an Opportunity zone.
The park is sold as a package with 100 Hudson Dr., Bakersfield, CA. They are priced separately. The total price is a combination of 922 S. Union and 100 Hudson.
The lots on Lomita are large deep lots. The lots' back portion is part of the RV/mobile home park. The house in the front portion of 910 was demolished, and the back portion has 6 spaces. The front portion of 908 has a large house, and the back portion has 9 spaces. 922 south union has 47 spaces and a house in front.
The park pays for spaces’ utilities, but they are sub-metered for electricity, and the new park owner can increase revenue by billing the tenants for it. The park pays for water at a flat rate. The tenants have a month-to-month lease, but they are long-term tenants.
The park is located across the street from Golden West Casino and Kern County fairgrounds, which has high traffic, especially on weekends. Since vendors at the fairgrounds set up shop on Friday afternoons for weekend events, the park could be repositioned from long-term to short-term tenancy to cater to these vendors. Similarly, the park can provide short-term tenancy to cater to the Golden West Casino clients.
The sale includes 25 park-owned trailers. 4 are unassigned to a space. Additionally, the park is in an Opportunity zone.
The park is sold as a package with 100 Hudson Dr., Bakersfield, CA. They are priced separately. The total price is a combination of 922 S. Union and 100 Hudson.
Location
State CA
County Kern
Area Bksf - Bakersfield
Zoning C-2
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Street Lights
Total Parking Spaces 64
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 16918038004
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Pauline Vela • Imperial Estate Management • vela.pauline@yahoo.com