SOLDMAR 22, 2024
510 Lake St
Bakersfield, CA 93305
East Bakersfield
Studio
4,608 sqft
- Studio
- 4,608 sqft
$540,000
Last Sold: Mar 22, 2024
10% below list $600K
$117/sqft
Est. Refi. Payment $3,525/mo*
$540,000
Last Sold: Mar 22, 2024
10% below list $600K
$117/sqft
Est. Refi. Payment $3,525/mo*
Studio
4,608 sqft
Homes for Sale Near 510 Lake St
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- 0.34 ACRES
- FORECLOSURE
- 0.29 ACRES
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Local Information
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Description
This property is no longer available to rent or to buy. This description is from March 23, 2024
510 Lake Street- Experience an incredible investment opportunity at 510 Lake Street, Bakersfield, CA, where six bread and butter 2-bedroom/1-bath units await in this property constructed in 1979. Priced attractively at $600,000, each unit costs only $100,000, making it an exceptional deal. With a Gross Rent Multiplier of 9.81, this property promises solid returns, reflecting its potential for lucrative rental income. Don't miss out on this chance to secure a profitable asset in a desirable location. Three units have immediate rent upside.
Home Highlights
Parking
Open Parking
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
$117/sqft
Listed
61 days ago
Home Details for 510 Lake St
Active Status |
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MLS Status: Sold |
Interior Features |
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Dimensions and Layout Living Area: 4608 Square Feet |
Levels, Entrance, & Accessibility Number of Stories: 2Levels: Two |
Exterior Features |
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Parking & Garage No GarageHas Open ParkingParking: Open |
Property Information |
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Year Built Year Built: 1979 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Price & Status |
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Price List Price: $600,000Price Per Sqft: $117/sqft |
Location |
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Direction & Address City: BakersfieldCommunity: Town Of Kern |
School Information Elementary School: LongfellowElementary School District: Bakersfield CityJr High / Middle School: WashingtonHigh School: Bakersfield |
Building |
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Building Area Building Area: 4608 Square Feet |
Lot Information |
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Lot Area: 7405 sqft |
Compensation |
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Buyer Agency Commission: 2.5Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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Mls Number: 202401804Attribution Contact: 661-889-6597, thurston@asuassociates.com |
Last check for updates: 1 day ago
Listed by Marc A Thurston DRE #1099353, (661) 889-6597
ASU Commercial
Bought with: Marc A Thurston DRE #1099353, (661) 889-6597, ASU Commercial
Source: Bakersfield AOR, MLS#202401804
Price History for 510 Lake St
| Date | Price | Event | Source |
|---|---|---|---|
| 03/22/2024 | $540,000 | Sold | Bakersfield AOR #202401804 |
| 03/01/2024 | $600,000 | Pending | Bakersfield AOR #202401804 |
| 02/27/2024 | $600,000 | Listed For Sale | Bakersfield AOR #202401804 |
Comparable Sales for 510 Lake St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.17 | Multi-Family Home | $600,000 | 03/15/24 | - | 4,704 | ||
0.12 | Multi-Family Home | $570,000 | 08/11/23 | - | 3,634 | ||
0.26 | Multi-Family Home | $425,000 | 09/07/23 | - | 3,540 | ||
0.44 | Multi-Family Home | $526,000 | 10/12/23 | - | 3,128 | ||
0.39 | Multi-Family Home | $430,000 | 06/20/23 | - | 2,816 | ||
0.31 | Multi-Family Home | $348,000 | 12/04/23 | - | 2,304 | ||
0.41 | Multi-Family Home | $460,000 | 11/09/23 | - | 2,759 | ||
0.39 | Multi-Family Home | $285,000 | 05/23/23 | - | 2,360 | ||
0.40 | Multi-Family Home | $370,000 | 10/17/23 | - | 1,775 |
Assigned Schools
These are the assigned schools for 510 Lake St.
- Longfellow Elementary School
- K-6
- Public
- 787 Students
3/10GreatSchools RatingParent Rating AverageWith the new principal making changes last year, I'm happy to see wonderful changes. Teachers ARE given created freedom and the new point system implementing the "Class Dojo" program has created a positive environment where teacher-parent-student communication creates a win-win experience.Parent Review8y ago - Washington Middle School
- 6-8
- Public
- 634 Students
2/10GreatSchools RatingParent Rating AverageI graduated from this school. I had so much fun during my time spent here. I got along with all the teachers, students, and alot of friends. Washington middle school is the best of the best!!!!!!!!Student Review14y ago - Downtown Elementary School
- K-8
- Public
- 311 Students
8/10GreatSchools RatingParent Rating AverageExcellent. This is the highest caliber staff I have ever been a part of.Teacher Review3y ago - Bakersfield High School
- 9-12
- Public
- 2963 Students
5/10GreatSchools RatingParent Rating AverageBHS is an amazing high school that has something for everyone. My eldest daughter graduated last year and had an amazing experience getting involved in clubs and academics along with making lasting friendships. A plethora of clubs are offered along with many other classes, such as ceramics, fashion, home economics, and wood/metal shop. The gate/honors program is incredible with caring/committed teachers. We love BHS! It's the best in Bakersfield.Parent Review4y ago 
Check out schools near 510 Lake St.
Check with the applicable school district prior to making a decision based on these schools. Learn more.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2024.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Homes for Rent Near 510 Lake St
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Off Market Homes Near 510 Lake St
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510 Lake St, Bakersfield, CA 93305 is a studio, 4,608 sqft multi-family built in 1979. 510 Lake St is located in East Bakersfield, Bakersfield. This property is not currently available for sale. 510 Lake St was last sold on Mar 22, 2024 for $540,000 (10% lower than the asking price of $600,000). The current Trulia Estimate for 510 Lake St is $545,400.