| Downtown Location: In The Heart Of Downtown Bakersfield, Blocks From The Chester Ave Core, Fox Theater, & Bakersfield High School |
| Immediate Rental Upside: In-Place Rents Average $1,047 Versus $1,133 At Market — An +8% Lift In Scheduled Income with 5 Units Delivered Vacant at COE |
| Classic 1935 Character: Red-Tile Spanish Bungalows Fronting 17th Street With A Two-Story Rear Building — Vintage Product That No Longer Gets Built |
| Attractive Unit Mix: Five 1 Bed 1 Bath & Three 2 Bed 1 Bath Units, Separately Metered For Gas & Electricity |
| Attractive Basis: $115,625 Per Unit & $156 Per SF — A Fraction Of Replacement Cost, At A 6.02% Going-In Cap |
Ryan Gonzalez
Lyon Stahl Investment Real Estate
