Ideal Investment Opportunity in a Prime Location! This 4-plex is situated in a bustling area with strong rental demand, making it an attractive addition to any portfolio. With potential for value-add through rent adjustments, this property offers opportunities for savvy investors looking to optimize its performance. Conveniently located and well-suited for multifamily investment strategies, this property is ready for your vision.
Exceptional Investment Opportunity! This centrally located Bakersfield triplex offers three well-maintained 2-bedroom, 1-bathroom units, all featuring in-unit laundry hookups for added convenience. The middle unit boasts paid solar, significantly reducing energy costs. The entire property is thoughtfully designed for handicap accessibility, ensuring inclusivity for all residents. Additional amenities include a 4-car gated covered carport, providing secure and shaded parking. Plus, the front unit has a separate car garage! Whether you're looking to expand your rental portfolio or house-hack with additional income potential, this property combines modern features, functionality, and an ideal location. Don't miss out on this unique opportunity! For more details or to schedule a showing, contact us today.
Value-Add Opportunity 7-Unit Apartment Complex in Downtown Bakersfield. This 7-unit apartment complex, ideally situated in the heart of downtown Bakersfield, is surrounded by major employers and key businesses, making it an excellent opportunity for investors seeking a property with strong rental demand and value-add potential.
We are excited to bring to market a lucrative twelve (12) unit multifamily investment in the thriving Bakersfield Downtown Corridor, just steps from the iconic Fox Theatre and the renowned Padre Hotel. This prime asset comprises two contiguous parcels: an eight-unit building built in 2006, and a four-unit building from 1968, both featuring spacious one-bedroom, one-bathroom units designed for solid performance. Investors can seize a rare opportunity for immediate revenue growth with an 11% rental upside, ready to be capitalized on. Five of the twelve units have been tastefully remodeled, achieving top-market rents. This presents a fantastic opportunity for the new owner to capitalize on the remaining potential by completing the remodels on the other seven units and unlocking even greater rental income. This is an exceptional opportunity to acquire a robust asset with immediate cashflow.
Three-Unit Income Property in Westchester Downtown** Explore this exceptional investment opportunity in Westchester! This three-unit residential property features two spacious 2-bedroom, 1-bath units and a convenient bachelor unit located in the back 2 garage building, 1908 Sq Ft of living space, per seller. Each unit boasts its own separate utility meters for power and gas, ensuring tenant independence and streamlined management. While it needs a bit of TLC, this income producing property is a fantastic investment with great potential in a prime location near downtown Bakersfield. Don't miss your chance to invest in a prime location with excellent income potential. Schedule your viewing today!
Prime Income Opportunity in Westchester! This 5-unit residential income property in the heart of Downtown Bakersfield features five 1 bed/1 bath units across two buildings. Includes four single-car garages. Located in a highly desirable area, this is a fantastic investment for steady rental income in a sought-after neighborhood. Don't miss out on this rare find!
Great investment property conveniently located near downtown Bakersfield. This unique offering includes two separate homes on one lot, providing excellent rental income potential and flexibility for any investor or owner-occupant. The Front unit is 3bd/1ba approximately 1,084 SF Currently rented at $1,250 and the back unit contains 1bd/1ba approximately 450 SF currently rented at $950/month. Both units are well-maintained, and the property's central location makes it highly desirable for tenants, offering quick access to downtown, shopping, dining, and major transportation routes. Whether you're a seasoned investor or looking to start your real estate portfolio, this property provides a great opportunity for cash flow with room to grow.
Tri-plex in Central Bakersfield. Great curb appeal and spacious units with 2,388 sq ft of livable space. Recently renovated interiors on these 2/1 units. All three have HVAC's, paved driveway in back.
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 from 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.
Looking for somewhere to complete your 1031 Exchange? Look no further than 3510-3520 Jewett Ave. This 12 unit mixed multifamily property has been consistently producing great cash flow since its inception. The property consists on 2 single family homes 260k/door, 1 duplex 150k/door, and an 8-unit apartment building 103.75k/door. Due to low vacancy and high rental demand this property will be sure to produce consistent returns for years to come.
Attention First Time Home Buyers. Live in one unit and collect rents to offset your monthly payment. This fully rented triplex is close to schools, work, shopping, dining, public transportation and local hospitals.
Attention First Time Home Buyers. Live in one unit and collect rents to offset your monthly payment. This fully rented triplex is close to schools, work, shopping, dining, public transportation and local hospitals.
When opportunity knocks will you answer? The Park Motel’s doors await your decision... The Park has a long history that has proven just how profitable this property’s location and name recognition has been in Bakersfield. Strategically located on a busy thoroughfare, adjacent to downtown Bakersfield and the trendy shops and restaurants of Mill Creek. This well-situated location is perhaps why with a mere 15 rooms The Park grossed well over 200k last year! Turnkey management is well functioning and is in place for your convenience or you can run it yourself and get rich quick! High output 15 units that grossed well over 200k last year! Features: Spacious two bedroom manager unit, Cable TV, Internet, CCTV system, Courtyard & guest barbecue. Guest Laundry & Vending. On-site motel laundry / linen facility.
The median home value in Bakersfield, CA is $349,300. This is higher than the county median home value of $334,900. The national median home value is $338,100. The average price of homes sold in Bakersfield, CA is $349,300. Approximately 56.78% of Bakersfield homes are owned, compared to 37.99% rented, while 5.24% are vacant. Bakersfield real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Bakersfield real estate agent to arrange a tour today!
Bakersfield, California 93301 has a population of 398,756. Bakersfield 93301 is less family-centric than the surrounding county with 34.16% of the households containing married families with children. The county average for households married with children is 36.03%.
The median household income in Bakersfield, California 93301 is $69,014. The median household income for the surrounding county is $58,824 compared to the national median of $69,021. The median age of people living in Bakersfield 93301 is 31.3 years.
The average high temperature in July is 97.4 degrees, with an average low temperature in January of 37.7 degrees. The average rainfall is approximately 7.2 inches per year, with 0.1 inches of snow per year.