$1,399,899
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2410 M Street Bakersfield, CA 93301
Cluster
Residence
Beds
Baths
7,144
Sq. Ft.
0.39
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
CBRE, Inc. is pleased to exclusively present 2410 S. M Street, a twenty-unit multifamily investment property in Bakersfield, California. On the market for the first time in 20 years, The M Street Apartments are located three minutes from the Bakersfield Municipal Airport and 1 hour and 20 minutes fr...om The City of Los Angeles. Constructed in 1984, the 20-unit 7,144 square foot building sits on a 16,988 square foot lot. 50% of the gross revenue is government subsidized via HUD and CalVet, providing the new owner security of cash flow. The property has a unit mix of 20 studio/1 bath units with an uncovered parking lot and serviced by three central water heaters. The roofs on both buildings have also been replaced within the last 24 months. The M Street apartments are a true value-add investment opportunity for an astute investor looking for a hedge against inflation. Please contact listing agents for more information.
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MLS#
24414483
Property Type
Cluster
Status
Year Built
1984
Square Feet
7,144
sq. ft
Lot Size
0.39
Stories
2.0
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