2300 Brundage Lane, Bakersfield, CA 93304, Bakersfield, 93304 - bed, bath
ACTIVE$720,000/sqft
2300 Brundage Lane, Bakersfield, CA 93304
0Bed
0Bath
Sqft
7,840Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Seller Financing Available: The availability of seller financing significantly broadens the buyer pool and can facilitate a quicker transaction, especially beneficial for investors or small businesses.
Top Cons:
Age of Property: Built in 1950, the property is over 70 years old. While newly renovated, older buildings can still present unforeseen maintenance challenges related to underlying infrastructure.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1950 (76 years old).
Condition: Despite being built in 1950, the property has been 'newly renovated' with a 'modern design' and is 'move-in ready.' The images confirm extensive, recent updates including new LVP flooring, fresh paint, modern white shaker kitchen cabinets, new countertops, updated bathrooms with new vanities, tiled showers, and modern fixtures. New mini-split AC units are visible, and the exterior also appears freshly updated. All visible components are new or virtually new, indicating a comprehensive renovation within the last 5 years.
Year Built
1950
Close
-
List price
$720K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
SR25219891
Home ConditionExcellent
Features
View-
About this home
SELLER FINANCING AVAILABLE! Discover this newly renovated, versatile triplex located in an Opportunity Zone and Hub Zone, offering significant tax benefits. With flexible spaces, this property is perfect for live-work arrangements, office spaces, store fronts, or residential rentals. Key Features: 3 Units: Unit 1: 500 sq. ft. | 2 offices, kitchen, bathroom Unit 2: 500 sq. ft. | 2 offices, kitchen, bathroom Unit 3: 600 sq. ft. | 2 offices, kitchen, bathroom Ample Parking: On-site for tenants and clients Modern Design: Move-in ready Ideal for entrepreneurs, startups, or growing businesses seeking a prime location with tax advantages. Lease or buy, flexible options available!
T
Tomas Piedra
Listing Agent
Price History
Date
Event
Price
08/10/94
Sold
$76,000
08/28/24
Sold
$510,000
05/24/23
Sold
$155,000
05/24/23
Sold
$215,000
12/14/05
Sold
$2,975,000
Condition Rating
Excellent
Despite being built in 1950, the property has been 'newly renovated' with a 'modern design' and is 'move-in ready.' The images confirm extensive, recent updates including new LVP flooring, fresh paint, modern white shaker kitchen cabinets, new countertops, updated bathrooms with new vanities, tiled showers, and modern fixtures. New mini-split AC units are visible, and the exterior also appears freshly updated. All visible components are new or virtually new, indicating a comprehensive renovation within the last 5 years.
Pros & Cons
Pros
Seller Financing Available: The availability of seller financing significantly broadens the buyer pool and can facilitate a quicker transaction, especially beneficial for investors or small businesses.
Tax Incentives: Located in both an Opportunity Zone and Hub Zone, the property offers significant tax benefits, making it highly attractive to investors and businesses seeking favorable financial advantages.
Versatile Mixed-Use Property: As a triplex with flexible spaces, it's ideal for live-work arrangements, office spaces, storefronts, or residential rentals, maximizing potential income streams and tenant diversity.
Newly Renovated & Move-in Ready: The property has been newly renovated and is described as 'move-in ready,' reducing immediate capital expenditure for a new owner and allowing for quick occupancy.
Ample On-site Parking: The provision of ample on-site parking is a crucial amenity for both commercial and multi-unit residential properties, enhancing convenience for tenants and clients.
Cons
Age of Property: Built in 1950, the property is over 70 years old. While newly renovated, older buildings can still present unforeseen maintenance challenges related to underlying infrastructure.
Compact Unit Sizes: Each unit is relatively small (500-600 sq ft) with a layout of '2 offices, kitchen, bathroom,' which might limit appeal for certain residential tenants or businesses requiring larger, more open spaces.
Significant Price Appreciation: The current listing price of $720,000 represents a substantial increase from a reported sale price of $510,000 in August 2024, which may require thorough justification of the renovation value to potential buyers.