1902 Lotus Lane, Bakersfield, CA, 93307

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$195,000
120 Days On Site

1902 Lotus Lane
Bakersfield, CA 93307

For Sale|Land|Active Under Contract
County:
Kern
Listed by Alejandro Mora of The Mora Partners Inc. alex@moragrouprea.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
1902 Lotus Lane1902 Lotus Lane1902 Lotus Lane1902 Lotus Lane
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Ready-to-Issue Permits for 14 Units + 3 ADU's! This one is as close to go-time as land gets! 1902 Lotus Lane comes with ready-to-issue permits for a 14-unit apartment complex plus 3 ADUs - 17 rentable units total. Plans are drawn, permits are in hand, and all utilities are available at the lot. Water, sewer, gas, and electric are ready to connect. You're not buying a vision here - you're buying a running start! The project is designed as 7 two-story duplexes, each unit with a 2-car garage. The 3 ADUs add bonus income with minimal added complexity. At $195,000 that's under $11,500 per door in land cost for a fully permitted 17 unit project - before you've swung a hammer. Bakersfield rental demand is strong and new supply is thin. Permits like this save 12-18 months of time and tens of thousands in entitlement costs. That savings is already built into this price. Ideal for a builder ready to move fast or an investor looking to add a stabilized income property to their portfolio.

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Listing Snapshot
Price 
$195,000
Days On Site 
120 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.459 Acres
Year Built 
N/A
MLS® Number 
SR26127523
Status 
Active Under Contract
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 months agoStatus changed to Active Under Contract
4 months agoListing updated with changes from the MLS®
4 months agoListing first seen on site
General Features
Acres 
0.459
Land Lease 
No
Special Circumstances 
Standard
Water Source 
Public
Zoning 
R3
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Exterior Features
View 
None
Waterview 
None
Community Features
Community Features 
Curbs
MLS Area 
BKSF - Bakersfield
Financing Terms Available 
CashConventionalFHAVA Loan


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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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