The Chester Lane Townhomes is a well maintained 16 unit apartment complex located in West Bakersfield, CA. The subject property is ideally located approximately 1/4 of a mile from the 99 frwy and California Avenue Exit, in a quiet cul-de-sac street. Built in 1984, the Chester Lane Townhomes are situated on a self contained, gated access, 40,000 sf lot and consists of 16 spacious (2+1.5) townhome style units with approx. 950 sf each; all units have central AC/HT, patios, in unit washer & dryer hookups, separate gas/electric meters, and RUBS in place for lower overall landlord utility expense. There is ample parking available with a total of 33 onsite spaces of which 12 are covered. There is on-site laundry facility for additional landlord income. The Chester Lane Townhomes is priced to sell, below replacement cost ($158 CPSF), and at 10.7 GRM on actual rents with the potential of achieving a 9.6 GRM with equalized rents - a perfect apartment investment for a savvy apartment operator.