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305 North Street Street, Taft, CA 93268
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305 North Street Street
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  • MLS#: P1-24896 ( )
  • Street Address: 305 North Street Street
  • Viewed: 1
  • Price: $495,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1922
  • Bldg sqft: 0
  • Days On Market: 15
  • Additional Information
  • County: KERN
  • City: Taft
  • Zipcode: 93268
  • Subdivision: Not Applicable
  • Provided by: Coldwell Banker Hallmark Realty
  • Contact: Anna Anna
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    This powerful income asset consists of four units housed in two detached structures, maximizing privacy and income flexibility with convenient rear alley access.The Front Structure is a stable, income producing 2 Bedroom/2 Bathroom house. The Rear Structure contains a vacant 2 Bedroom/1 Bathroom unit upstairs, offering the new owner immediate control for renovation and leasing. Two occupied Studios are located downstairs.The property is primed for maximum cash flow. The two back units have paid off solar panels, which significantly reduce long term utility expenses. The property includes a dedicated laundry room that could be utilized for additional income. The attached garage is vacant and offers prime ADU conversion potential, making this an incredible income generating property.The local market is stabilized by the nearby oil and energy industries and Taft College, ensuring consistent demand. The location provides easy access to downtown amenities, restaurants, and grocery stores.This property offers immediate cash flow stability and high upside potential with a current CAP rate of 8.02%.
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Features
Assessments
  1. None
Association Fee
  1. 0.00
Building Area Total
  1. 2057.00
Common Walls
  1. No Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 201
Fencing
  1. Partial
Fireplace Features
  1. None
Fuel Expense
  1. 0.00
Garage Spaces
  1. 1.00
Insurance Expense
  1. 1740.00
Laundry Features
  1. Community
  2. Common Area
Levels
  1. Two
Lockboxtype
  1. None
Netoperatingincome
  1. 39684.00
Parcel Number
  1. 03103009002
Parking Features
  1. None
Pool Features
  1. None
Postalcodeplus4
  1. 2822
Sourcesystemid
  1. 2025111116253781116200...
Sourcesystemkey
  1. 20251111162537811162000000:CRF
Spa Features
  1. None
Subdivision Name Other
  1. Not Applicable
Totalexpenses
  1. 11136.00
Trash Expense
  1. 1000.00
View
  1. None
Year Built
  1. 1922
Year Built Source
  1. Public Records