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$1,500,000

Beds
Unknown
sq ft
2,391

922 S Union Ave, Bakersfield, CA 93307

922 S Union Ave

Bakersfield, CA 93307

  • 503 days on market
    • Price drop $800,000↓
The park has a permit for 62 spaces. It consists of 10 mobile home spaces and 52 large RV spaces. In addition, there is 1 house on Lomita and 1 house on Union. The property consists of 3 separate parcels. 922 S. Union and 908 & 910 Lomita St. The lots on Lomita are large deep lots. The lots' back portion is part of the RV/mobile home park. The house in the front portion of 910 was demolished, and the back portion has 6 spaces. The front portion of 908 has a large house, and the back portion has 9 spaces. 922 south union has 47 spaces and a house in front. The park pays for spaces’ utilities, but they are sub-metered for electricity, and the new park owner can increase revenue by billing the tenants for it. The park pays for water at a flat rate. The tenants have a month-to-month lease, but they are long-term tenants. The park is located across the street from Golden West Casino and Kern County fairgrounds, which has high traffic, especially on weekends. Since vendors at the fairgrounds set up shop on Friday afternoons for weekend events, the park could be repositioned from long-term to short-term tenancy to cater to these vendors. Similarly, the park can provide short-term tenancy to cater to the Golden West Casino clients. The sale includes 25 park-owned trailers. 4 are unassigned to a space. Additionally, the park is in an Opportunity zone. The park is sold as a package with 100 Hudson Dr., Bakersfield, CA. They are priced separately. The total price is a combination of 922 S. Union and 100 Hudson.

Details

Property type

Mixed Use

Lot size

1.9234 acres

Price per sq ft

$628

Year built

1923

Price History

05/16/2024
CRMLS

CRMLS #SR23119464

Price change
$1,500,000
-34.78%
05/10/2024
CRMLS

CRMLS #SR23119464

Listed
$2,300,000
03/01/2024
CRMLS

CRMLS #SR23119464

Pending
$2,300,000

Schools & Community

Neighborhood: 

Casa Loma

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Interbay Funding Llc

Loan start date

March 2005

Original loan amount

$545,500

Est. remaining balance

Not provided

Interest rate

5.57%

Loan type

Commercial, 20 year

Seller

Charles Dewitt Congdon Jr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/24/2024 at 3:55 AM

Listing updated: 09/30/2024 at 12:22 PM

Listed by: Pauline Vela, Imperial Estate Management Phone #: (818) 368-5684

MLS: CRMLS #SR23119464

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