Skip To Content

922 S Union Avenue

Bakersfield, CA 93307
  • $1,500,000
  • STATUS: Active
  • ON SITE: 520 Days
  • ID#: SR23119464
UPDATED: 55 min ago
$1,500,000
  • 0
    BEDS
  • 1.92
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Pauline Vela of Imperial Estate Management (818-368-5684)


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.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-13T12:26:28.457. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/141357024
Print Image

922 S Union Avenue Bakersfield, CA 93307

  • Price: $1,500,000
  • Status: Active
  • On Site: 520 Days
  • Updated: 55 min ago
  • ID#: SR23119464
0
Beds
0
Baths
0
½ Baths
1.92
Acres
1923
Built
Neighborhood:
BKSF - Bakersfield
County:
Kern
Area:
BKSF - Bakersfield
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.
Exterior Features

Entry Level 1 Entry Location Street Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 1 Open Parking Spaces 64 Parking Total 64 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN Yes Cap Rate 12 Common Interest None Community Features Street Lights Electric Expense 86830 Fuel Expense 0 Garage YN No Gross Income 128984 Gross Scheduled Income 459264 Insurance Expense 0 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Maintenance Expense 35754 Net Operating Income 275558 New Construction YN No New Taxes Expense 27293 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 183706 Other Expense 11255 Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning C-2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-13T12:26:28.457. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371670610-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371670610-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371670610-2.jpg
Logo
CFC Realty, Inc
931 Pueblo Drive
Lake Havasu City AZ, 86406
Listing Agent(s): Pauline Vela of Imperial Estate Management (818-368-5684)