$1,475,000
UNDER CONTRACT

Estimated payment $9,652/month

Total Views 3,291
3 Beds
-- Bath
700 Sq Ft
$2,107 Price per Sq Ft

Highlights

  • 1 Acre Lot
  • Laundry Room
  • 1-Story Property
  • Community Pool

About This Home

SELLER FINANCING with 35% Down Payment at 5% Interest Only, Due in 8 Years. 721 Oswell Street, Bakersfield, CA (Unincorporated Kern County). A well-maintained mobile home park located in a highly desirable area of Bakersfield, California. The mobile home park features 25 mobile home spaces plus a one-one bedroom/one bathroom cottage. The property also includes two park-owned homes. Tenants are directly billed for gas and electricity while paying a flat monthly fee for water. The owner covers trash expenses through the property tax bill, offering predictable operational costs. The park has public sewer and city water.

Listing Agent

Douglas McCauley

MARCUS & MILLICHAP Brokerage Phone: 626-695-6776

Property Details

Home Type

  • Mobile/Manufactured

Year Built

  • Built in 1948

Lot Details

  • 1 Acre Lot
  • No Common Walls

Home Design

  • Manufactured Home With Land

Interior Spaces

  • 3 Bedrooms
  • 700 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 1384
  • Assessor Parcel Number 14306012005
  • $17,495 per year additional tax assessments

Community Details

Recreation

  • Community Pool

Building Details

  • 24 Leased Units
  • 26 Separate Electric Meters
  • 26 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $10,485
  • Gardener Expense $2,400
  • Insurance Expense $4,554
  • Maintenance Expense $7,500
  • Pool Expense $1,255
  • Professional Management Expense $12,000
  • Water Sewer Expense $8,930
  • New Taxes Expense $33,955
  • Operating Expense $86,881
  • Gross Income $167,080
  • Net Operating Income $72,621

Additional Features

  • 26 Units
  • Laundry Facilities

Property Details

Home Type

Mobile/Manufactured

Year Built

Built in 1948

Lot Details

0

Listing Details

  • CapRate: 4.92
  • Other Phone Description: 6266956776
  • Price Per Unit: 56731
  • Professional Management Expense: 12000.00
  • Property Attached: No
  • Water Sewer Expenses: 8930.00
  • Zoning: C-2
  • Property Sub Type: Manufactured On Land
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 14306012005
  • Year Built: 1948
  • Special Features: UnderContract

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 2107.14

Exterior Features

  • Pool Expense: 1255.00
  • Pool Features: Community
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 43560.00
  • Lot Size Acres: 1.0000

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Electric Expense: 10485.00
  • Gross Income: 167080.00
  • Gross Multiplier: 9.21
  • Gross Operating Income: 159502.00
  • Gross Scheduled Income: 167506.00
  • Insurance Expense: 4554.00
  • Laundry Income: 1900.00
  • Lot Size Area: 43560.0000 Square Feet
  • Maintenance Expense: 7500.00
  • Net Operating Income: 72621.00
  • Number Of Separate Electric Meters: 26
  • Number Of Separate Gas Meters: 26
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 24
  • Number Of Units Total: 26
  • Operating Expense: 86881.00
  • Other Expense Description: 1475
  • Other Income1: 5526.00
  • Rent Control: No
  • Total Expenses: 86881.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 33955.00
  • Tax Census Tract: 11.05
  • Tax Lot: 11
  • Tax Tract Number: 1384
  • TaxOtherAnnualAssessmentAmount: 17495.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2025 03/19/25 For Sale $1,475,000 -- $2,107 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25060978

California Regional Multiple Listing Service (CRMLS)