460 Oswell St, Bakersfield, CA 93307, Bakersfield, 93307 - 0 bed, 0 bath
Loading property details...
Bakersfield, CA 93307
Analysis of 460 Oswell St, Bakersfield, CA 93307 is currently available with a list price of $2,750,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Bakersfield Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Built in 2010, this property is 14 years old, falling within the 'Good' category's age range (10-20 years). The listing describes it as 'turnkey' with 'tasteful upgrades,' and images show well-maintained kitchens and bathrooms with stainless steel appliances, tile flooring throughout, and functional fixtures. While the kitchen cabinets and bathroom vanities have a more traditional style and the lighting is basic, all components appear to be in good working order with minimal wear and tear, requiring no immediate renovations.
The property includes nearly an acre of vacant land with the potential to develop an additional 19 townhouse units, offering substantial future rental income growth.
Built in 2010, the 11 townhouse-style units offer modern amenities, tasteful upgrades, private patios, and in-unit washers/dryers, appealing to high-quality tenants.
Currently yielding $228,200 in annual gross income with room for growth, providing immediate returns and excellent potential for portfolio expansion.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =66646, other record lot size in square feet = 63162.
While offering significant development potential, realizing the additional 19 units will require substantial further capital investment beyond the initial purchase price.
The total purchase price of $2,750,000 represents a significant capital outlay, which may limit the pool of potential investors.
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 $2,750,000, the asset is comprised ofan 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.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 2010 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Jan 12, 2026
$2,750,000
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