
Bakersfield, CA 93307
This 11-unit townhouse complex represents a High-Potential Investment Opportunity, listed at a List Price of $2,700,000—positioned well below the $2,715,000 Fair Market Value by 0.55%. This valuation gap offers $15,000 in Instant Equity. Featuring a Good Condition Rating and modern 2010 construction, the asset includes private patios and in-unit laundry. With ±0.93 acres of land for 19 additional units, this is a premier Value-Add Asset ideal for Buy-and-Hold Investors or Commercial Developers seeking immediate cash flow and long-term expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 460 Oswell St Subject | $2,700,000* List Price | 0 | 0 | 14,564 | $186 | - |
A 460 Oswell St Active | $2,750,000 List Price | 0 | 0 | 14,564 | $189 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2010, the property is approximately 16 years old, placing it squarely in the 'Good' category. The interiors, including the bathrooms and bedrooms, appear well-maintained and functional with tile flooring and standard finishes. As a newer construction for the area, the systems (HVAC/Electric) are likely original but within their functional lifespan, and the property is described as turnkey and move-in ready.
The property includes ±0.93 acres of adjacent vacant land with the potential to develop 19 additional units, offering a massive value-add opportunity to triple the density and income.
Built in 2010, these rare 3-bedroom, 2-bath townhouse-style units feature condo-quality amenities, including private patios and in-unit laundry, which attract high-quality, long-term tenants.
With an annual gross income of $228,200 from the existing 11 units, the asset provides immediate cash flow and a turnkey foundation for an investor's portfolio.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =66647, other record lot size in square feet = 63162.
Realizing the property's full potential requires substantial additional capital for the construction of the 19 proposed units, along with the complexities of permitting and infrastructure.
Developing the vacant land adjacent to the existing 11 units may cause temporary disruption for current tenants, potentially impacting retention or management overhead during the build phase.
Oswell Townhouses presents an exceptional investment opportunity with a newer 2010 built property combining modern living with significant growth potential. This turnkey property comprises 11 townhouse-style units, each offering spacious 3-bedroom, 2-bath layouts that cater to the growing demand for comfortable and upscale rental options. It is rare to find a newer construction property with 3 bedroom townhouse style units. Tenants are drawn to the high-quality, condo-style living experience, complete with private patios, in-unit washers and dryers, and tasteful upgrades throughout. Furthermore, the property includes nearly an acre of land with the potential to develop an additional 19 townhouse units, dramatically increasing rental income possibilities. Currently yielding $228,200 in annual gross income with room for growth, Oswell Townhouses stands out as a prime investment for those looking to expand their portfolio with a property that offers both immediate returns and future expansion potential. Offered at a total purchase price of $2,700,000, the asset is comprised of an 11-unit, townhouse-style apartment complex valued at $2,350,000, together with ±0.93 acres of adjacent vacant land valued at $400,000, or approximately $9.87 per square foot.
No exterior & parking available.
No sensitive facilities data found.
Jul 23, 2026
$2,700,000
Initial Listing
Dec 7, 2022
$1,800,000
Public Record
Sep 19, 2005
$350,000
Public Record
Aug 2, 2004
$155,000
Public Record
May 5, 2000
$89,000
Public Record
Dec 13, 1999
$52,500
Public Record