Patty Garrison, DRE#01121864, REALTOR®
(805) 471-0680
LOT SIZE 0.459 acres
MLS#SR26127523
STATUSActive Under Contract
PROPERTY TYPELand - Residential
Listing Courtesy of:
The Mora Partners Inc.
Agency Phone: 661-463-8186
Associate Name: Alejandro Mora
Listing Shown by:
Farrell Smyth, Inc.
Associate Name: Patty Garrison, DRE#01121864, REALTOR®
Property Description
Ready-to-Issue Permits for 14 Units + 3 ADU's! This one is as close to go-time as land gets! 1902 Lotus Lane comes with ready-to-issue permits for a 14-unit apartment complex plus 3 ADUs - 17 rentable units total. Plans are drawn, permits are in hand, and all utilities are available at the lot. Water, sewer, gas, and electric are ready to connect. You're not buying a vision here - you're buying a running start! The project is designed as 7 two-story duplexes, each unit with a 2-car garage. The 3 ADUs add bonus income with minimal added complexity. At $195,000 that's under $11,500 per door in land cost for a fully permitted 17 unit project - before you've swung a hammer. Bakersfield rental demand is strong and new supply is thin. Permits like this save 12-18 months of time and tens of thousands in entitlement costs. That savings is already built into this price. Ideal for a builder ready to move fast or an investor looking to add a stabilized income property to their portfolio.
Property Features
Property Type: Land - Residential
Lot Size: 0.46 Acres
Feature Descriptions
Community Features: Curbs
Days on Site: 37
Lot: 0-1 Unit/Acre
Parcel#: 17010007019
Water: Public
Listed By / Shown By
Listed By
Agency Name: The Mora Partners Inc.
Agent Name: Alejandro Mora
Agency Phone: 661-463-8186
Shown By
Agent Name: Patty Garrison, DRE#01121864, REALTOR®
Agent Phone: (805) 471-0680
Agency Title: Farrell Smyth, Inc.
Estimate Your Payment
Estimated Payment
$ 490.86 per month $433.99 Principal & Interest $0.00 Property Tax (data not provided by mls) $56.88 Homeowner's InsuranceChange Payment Information
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1902 Lotus Lane | MLS# SR26127523
This land located at 1902 Lotus Lane, Bakersfield, CA 93307 is currently listed for sale with an asking price of $195,000. The property has approximately 0.46 Acres. Search Bakersfield real estate on pattygarrison.farrellsmyth.com today.