Behnam Ghodsian
This listing was posted on RealtyWW.
$4,250,000
Plot For Sale In Bakersfield, California
Price:
$4,250,000
Location:
Bakersfield, CA
Description:
Great opportunity to acquire a 14-acre parcel of land in Bakersfield, California. This remarkable property comes with plans for a 121-unit apartment development project, occupying a seven-acre portion of the lot. The remaining seven acres are unimproved and present a blank canvas for future development. The R2 zoning in the City of Bakersfield allows for the construction of one unit per every 2, 500 square feet of land by right. This means that based on the given area, a maximum of 243 units can be built on the site. Additionally, with the inclusion of the statewide density bonus of additional 50% more units, the total number of units that can be constructed on the site increases to 364 units (Buyer to verify). This makes the property even more appealing with the price per 364 buildable units at an incredible $15, 064 each unit.For more details: https://realtyww.info/land-lots_bakersfield-d523577/for-sale_i71606531
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More About this Listing: Plot For Sale In Bakersfield, California
Plot For Sale In Bakersfield, California is a Land for Sale in Bakersfield CA. Find other listings like Plot For Sale In Bakersfield, California by searching Oodle Classifieds for Land for Sale in Bakersfield CA.
Plot For Sale In Bakersfield, California is a Land for Sale in Bakersfield CA. Find other listings like Plot For Sale In Bakersfield, California by searching Oodle Classifieds for Land for Sale in Bakersfield CA.