Jasmine Parke
20 – fourplexes on individual lots within a gated community.
Each building has 2 – 3bed/2bath units and 2 – 2bed/2bath units. All units have an attached 2-car garage.
The gated community is located between SW and NW Bakersfield submarkets. Close to major shopping districts and CSUB.
Built between 2006-2008 this is nicest fourplex community in Central California.
Property Description
The offering consists of the 20 fourplex buildings (80 units – on 20 individual parcel lots) retained by the developer for his personal investment portfolio. An additional 20 fourplex buildings within the community are individually owned by private investors, further validating the long-term desirability and investment strength of the project. Each fourplex is comprised of two 3-bedroom/2-bath units averaging approximately 1,400 square feet and two 2-bedroom/2-bath units averaging approximately 1,120 square feet. All units are single-story and feature attached two-car garages with direct interior access. Unit amenities include in-unit laundry, fireplaces, dishwashers, microwaves, walk-in closets, 10-foot ceilings, and covered patios—features far more commonly associated with single-family homes than traditional multifamily housing. Residents also benefit from an extensive amenity package rarely found in fourplex communities, including a gated entrance, professionally staffed leasing office, clubhouse with kitchen facilities, swimming pool, spa, fitness center, and private community park. The property is maintained to an exceptionally high standard through an HOA structure that preserves the integrity and appearance of the community while enhancing long-term asset value.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $23,000,000 |
| No. of Units: | 80 |
| Cap Rate: | 5.29% |
| Average Occupancy: | 98 |
| Building Size: | 100,800 Sq ft |
| Lot Size: | 3.00 Acres |
| Zoning Code: | R3 |
| Opportunity Zone: | No |
| Price per unit: | $287,500 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Marc A. Thurston | 66188996597 | [email protected] |
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