2501 7Th Street, Wasco, CA 93280

Property Description

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). **

Interior Features

Laundry Information
Location(s) Common Area, Laundry Room
Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type Central Air

Listing Information

Address 2501 7Th Street
City Wasco
State CA
Zip 93280
County Kern
Listing Agent Alex Parker DRE #01928217
Co-Listing Agent Luis Robledo DRE #01890062
Courtesy Of Douglas Elliman of California
List Price $2,999,000
Status Active
Type Commercial
Subtype Multi Family
Structure Size N/A
Lot Size 9,500
Year Built 1981

Listing information courtesy of: Alex Parker, Luis Robledo, Douglas Elliman of California. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 29th, 2024 at 1:17 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker 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.