Map of Property

Liberty Park Portfolio

For Sale

12906 Merlot Dr., Bakersfield, CA 93314

This Bakersfield property for sale is located at 12906 Merlot Dr.. The general use of Liberty Park Portfolio is multi-family and it incorporates 4,764 square feet of class B multi-family space. The current listed sale price for Liberty Park Portfolio is $900,000. Liberty Park Portfolio is situated on a lot that is 0.26 acre in size.

Contacts

broker

Ed Diaz

Vanguard Property Group

Property Details

  • Property Type Multi-Family
  • Property Size 4,764 SF
  • Units 4
  • Lot Size 0.26 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2004
  • Date Updated Apr 15, 2024
Rosedale Hwy & Allen Rd - Northwest BakersfieldPrice Improvement! The Liberty Park apartments are a Pride of Ownership 4 Unit multifamily community built in 2004, and located in prime northwest Bakersfield, CA. The subject property is listed as part of a 12 U (3-legal 4plxs) portfolio sale with the following properties in the same tract: 12912 Merlot Dr.(4U) and 2212 Cullen Ct. (4U). Sellers prefers to sell all 3 4plxs to the same buying entity. The subject property is a 4 unit apartment building situated on one spacious 11,313 sf lot. The subject property boasts an excellent unit mix of 2 (3+2) townhomes and 2 (2+2) townhome units, with numerous tenant amenities including: garage parking, central AC/HT, in unit washer & dryer hookups, patios, separate gas & electric meters and hot water heaters for each unit. The Liberty Park apartments are ideally located in the award winning Rosedale Union School District (Liberty High School, Rosedale Middle, Independence Elementary), and in very close proximity to numerous, vibrant surrounding retail, restaurant, and entertainment venues. The Liberty Park apartments are offered at only $189 CPSF with upside to a Cap rate of 7 at market rents - they are a perfect fit for an investor looking for long term growth with a pride of ownership income property asset.

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Highlights

  • Pride Of Ownership 4 Unit, 2004 Construction in Prime Northwest Bakersfield
  • Portfolio Sale 20 Total Units Available Same Tract (3) legal 4plxs plus - 3 total parcels
  • 100% Occupied, Excellent Mix of (3+2) and (2+2) Townhomes
  • Garages, Central AC/HT, In-Unit Washer/Dryer Hookups, Patios
  • Separate Gas/Electric Meters & Hot Water Heaters
  • 10.27 GRM/6.33 Cap Actual Rents & 9.52 GRM/7 Cap Market Rents, $189 CPSF
  • Professionally Managed

Getting around

  • 58/100

    Walk Score ®

  • 20/100

    Transit Score ®

  • 42/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Bakersfield, CA
  • Neighborhood Masterpiece Estates
  • Zip Code 93314
  • Market Central Valley

Points of Interest

  • Bakersfield

    7.82 miles

  • Chevron

    2.02 miles

  • Whitewater Carwash and Lube

    3.16 miles

  • Whitewater Carwash and Lube

    3.17 miles

  • AMPM

    3.22 miles

  • Sully's Chevron

    3.66 miles

  • Chevron

    3.68 miles

  • Shell

    5.30 miles

  • Shell

    5.45 miles

  • Arco

    5.82 miles

  • Arco

    6.13 miles

  • The Home Depot

    2.64 miles

  • Lot F

    3.13 miles

  • Lot G

    3.20 miles

  • Lot H

    3.36 miles

  • Lot I

    3.47 miles

  • STOCKDALE Road Park abd Ride

    6.22 miles

  • Xerox Employee Parking

    7.94 miles

  • Equestrian Parking Area

    7.97 miles

  • Burger King Parking Lot

    8.08 miles

  • Los Hermanos Parking Lot

    8.08 miles

  • Residence Inn by Marriott Bakersfield West

    2.94 miles

  • TownePlace Suites

    2.96 miles

  • Four Points by Sheraton Bakersfield

    5.12 miles

  • Holiday Inn Hotel & Suites Bakersfield

    5.34 miles

  • Motel 6 Bakersfield Airport

    5.35 miles

  • Best Economy Inn

    5.38 miles

  • Sleep Inn & Suites Bakersfield North

    5.40 miles

  • SpringHill Suites Bakersfield

    5.43 miles

  • Vagabond Inn Bakersfield North

    5.45 miles

  • Hilton Garden Inn Bakersfield

    5.49 miles

  • Walmart Neighborhood Market

    0.77 miles

  • Kohl's

    2.21 miles

  • Target

    2.44 miles

  • Save Mart

    2.47 miles

  • Walmart Neighborhood Market

    2.84 miles

  • Walmart Supercenter

    2.86 miles

  • Vallarta

    2.98 miles

  • Albertsons

    3.40 miles

  • Vons

    3.40 miles

  • Vons

    3.67 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Ed Diaz

Vanguard Property Group