Alejandro Mora

$95,000

0.53 Acres

Bakersfield, California, 93307

Site-approved for up to 24-unit apartment complex on 1.93 acres, split into 3 parcelsbuild all at once or phase them out.Utilities on the street. Great opportunity for developers and investors. If you are a seasoned developer or a savvy investor, thisproperty is a golden ticket to expand your real estate portfolio. Builders, don't miss out on this opportunity to bring yourconstruction expertise to life. The groundwork is laid out. For serious inquiries, we can provide detailed financial projections.

$195,000

0.46 Acres

Bakersfield, California, 93307

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.