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.
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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Arrows indicate 90 day trend
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