The Sablewood Duplexes

Posted: 03/01/2019 1:43 pm | On HOMEiZ: 1889 days | Updated: 5 years ago | Views: 3332 | Saved to favorites: 2

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$7760000

Last Sold Price

Total Lot Size

24,829.00 Sq. Ft.

Asking Price per Sq. Ft.

$174

Total Building Size Sq. Ft.

44680

Commission Split %

1.5%

Cap Rate %

5.34%

Gross Annual Income

$674000

Net Operating Income

$414384

Gross Rent Multiplier

12.00

Annual Property Tax Rate for this property

1.120878%

Property tax total amount

$86980

Property Location & Description

Listing Headline

The Sablewood Duplexes

Rent control

Non Rent Control

Property Description

The Sablewood Duplexes are a newer rental community located in northwest Bakersfield, California—one of the fastest-growing submarkets of the city. Situated on a manicured lot, all 40 two- and three-bedroom units are arranged as elegant duplexes on individual lots with attached 2-car garages. Curb appeal, including wide streets with clean walkways and beautiful landscaping, contributes to the sensation that this is a community committed to pride of ownership—by the owner, management and tenants alike. Built in 2015, the community is designed around resident convenience and comfort. Tenants appreciate access to public transportation, high-speed internet access, street and garage parking, along with the convenience of living next to Bakersfield’s premier shopping district on Rosedale Highway, complete with shops, restaurants, schools and more. Within the luxury duplexes, private balconies, patios, tile floors, walk-in closets, laundry hookups and more ensure tenant satisfaction and occupancy levels at 95%.

Location Description

Located on the corner of Rosedale Highway and Allen Road, The Sablewood Duplexes are ideally situated in Northwest Bakersfield—the multifamily submarket that commands some of the highest rents and lowest vacancy rates in the entire city. Across the highway, Albertson’s grocery store commands a large presence in a bustling shopping center. Nearby, several of the city’s most recognized schools serve the growing neighborhood. This popular area also features the Northwest Promenade to the east of Sablewood, where Best Buy, Target and Walmart anchor a lifestyle power center over two city blocks long. To the north, small pockets of single-family homes meet the northern boundary of Bakersfield city limits.

No. of Units

Units Mix

No.

Description

No. Units

Sq. Ft.

Avg. Mo. Rent

2 BED / 2 BATH

3 BED / 2 BATH

APN / Parcel ID

46422101

Zoning

Occupancy %

95%

Construction Type

Wood & Stucco

No. Stories

Year Built

2015

Highlights

Pride of Ownership

Newer Construction

High Demand Submarket

95% Occupancy

Great Unit Mix

Near Schools, Shopping and Byways

Property Information

Sewer

Parking

Parking type

Garage - Attached

# of Covered Parkings

Investment Overview

Energy Efficiency

How old is you cooling and heating system?

Neighborhood lifestyle

More information

MLS URL of this listing to link to your own site or brokerage site

https://marcathurston.com/listings/the-sablewood-duplexes/

Listing Info

Listing ID: 1703

Sold

For Sale

$7,760,000

Listing Presented by

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13020 Mira Sol Drive . Bakersfield , CA 93314