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Behnam Ghodsian
Keller Williams Beverly Hills
310-432-6400
Great opportunity to acquire a 14-acre parcel of land in Bakersfield, California. This remarkable property comes with plans for a 121-unit apartment development project, occupying a seven-acre portion of the lot. The remaining seven acres are unimproved and present a blank canvas for future development. The R2 zoning in the City of Bakersfield allows for the construction of one unit per every 2,500 square feet of land by right. This means that based on the given area, a maximum of 243 units can be built on the site. Additionally, with the inclusion of the statewide density bonus of additional 50% more units, the total number of units that can be constructed on the site increases to 364 units (Buyer to verify). This makes the property even more appealing with the price per 364 buildable units at an incredible $15,064 each unit.
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Total Baths: 0
Full Baths: 0
Half Baths: 0
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 13.97
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 608533
Original List Price: 4,250,000
Listing Contract Date: 2023-06-26
Listing Agreement: Seller Reserved
Parcel Number: 53202011006
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: BKSF - Bakersfield
Directions: NW corner McKee Rd & Stine Rd
Zoning: R2
Source Property Type: Land
Area: BKSF - Bakersfield
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
5031 Park Diane Avenue, Bakersfield, CA,93313 | $275,000 | -- | -- | -- | 14395 Sqft |
9910 Fire Island Dr, Bakersfield, CA,93313 | $565,000 | 5 | 3 | 2,420 | 4791 Sqft |
4207 Bershire Road, Bakersfield, CA,93313 | $420,000 | 4 | 2 | 1,800 | 7000 Sqft |
7549 Lindsay Road, Bakersfield, CA,93313 | $789,999 | 3 | 2 | 2,370 | 151153 Sqft |
6351 Akers Road #59, Bakersfield, CA,93313 | $115,000 | 3 | 2 | 1,248 | -- |
6100 Provincetown Avenue, Bakersfield, CA,93313 | $549,900 | 4 | 3 | 2,972 | 6534 Sqft |
13764 Costajo Street, Bakersfield, CA,93313 | $795,000 | -- | -- | -- | 70132 Sqft |
7619 Linden Tree Avenue, Bakersfield, CA,93313 | $529,900 | 3 | 2 | 2,406 | 9147 Sqft |
7913 Tule Creek Ct, Bakersfield, CA,93313 | $415,000 | 3 | 1 | 1,730 | 5299 Sqft |
6201 Wible Road #25, Bakersfield, CA,93313 | $54,000 | 2 | 1 | 816 | -- |
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ByOwner last updated this listing 05/02/2024 @ 05:31
MLS: 23284845
LISTED BY: Behnam Ghodsian, Keller Williams Beverly Hills
SOURCE: CRMLS
Buyer Agency Compensation: 1.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.