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.
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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.
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