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Recent sale of apartment community is largest real estate deal in Bakersfield history

By Jose Franco,

1 days ago

BAKERSFIELD, Calif. (KGET) — The recent sale of a Bakersfield apartment community is the largest real estate transaction in the city’s history.

Old River Place — off Old River Road and north of Harris Road — sold for $56.6 million.

The community consists of 249 two- and three-bedroom duplexes in a residential neighborhood layout.

Each home comes with amenities life two-car garages and washer-dryer hookups.

The transaction was orchestrated between an unknown seller and the Bascom Group — one of the most active multifamily home buyers in the Central Valley. It’s unclear if the purchase will affect the tenants in the community.

For the latest news, weather, sports, and streaming video, head to KGET 17.

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Joshua Wright

12h ago

I bet the rents gonna go up

Edward Segobia

21h ago

more corporate buyout.

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