Attention Investors and First-Time Homebuyers! COMPLETELY RENOVATED 2-Homes-on-1-Lot ... Live in one and rent the other! FHA ready. Incredible low vacancy Downtown Bakersfield location. Front house is a large, low-maintenance 3-bedroom, 2-bath with extra living space and Central Air & Heat. Both homes have been recently renovated with tile floors throughout, new kitchens, new cabinets, new paint, and renovated bathrooms on both homes. Each home has a NEW ROOF. The back house has its own entrance and alley access. Highly desirable rental area due to easy access to downtown corridor, governmental buildings, restaurants and transportation. Back house is currently leased for $900/month; front house rental range $1500 - $1800/month. Seller is offering a $10,000 buyer credit with full price offer. Priced to sell. Text listing agent for more information.
Introducing an enchanting fourteen-unit cottage-style apartment complex for sale. Comprising fourteen (14) one-bedroom, one-bathroom units, set on a 27,007 sq.ft. lot with 7,280 sq.ft. of gross rentable space. The majority of units underwent renovations in 2021 and has plenty of room for rental increases. Nestled in Bakersfield's coveted downtown, these cottages promise low vacancy rates. Don't let this chance slip away to own a slice of the picturesque and historic Oleander Community!
Welcome to this exceptional investment opportunity located on a spacious lot. This complex comes with a total of 8 units , four two bed/one bath, and four one bed/ one bath, This complex is designed for optimal rental income with several long term tenants, and an impressive cap rate. The large lot offers generous parking area for all units and potential for expansion. All units have separate pge meters.
Welcome to this exceptional investment opportunity located on a spacious lot. This complex comes with a total of 8 units , four two bed/one bath, and four one bed/ one bath, This complex is designed for optimal rental income with several long term tenants, and an impressive cap rate. The large lot offers generous parking area for all units and potential for expansion. All units have separate pge meters. Great long term investment and cash flow
Here is the income producing opportunity you have been waiting for. The property was purchased in November 2022 and has been extensively updated in the last two years. This property features 2 homes on 1 lot. 2011 & 2011-1/2 Orange st. These properties are in the desirable Oleander area near BHS. The front home has 2 bedrooms and 1 bath and is 926 sq ft. The rear home has 2 bedrooms and 1 bath and is 750 sq ft. The front unit is currently tenant occupied. Properties have newer interior paint, flooring and mini-split A/C units. Exterior paint is newer as well. Property will qualify FHA. Don't miss this chance to add to your investment portfolio in a desirable neighborhood. Ideal for savvy investors or owner-occupants looking for rental income. Schedule an appointment to see this property today!
This incredible property features a spacious 5-bedroom, 3-bath main home with a 2-car garage, private yard, and an oversized driveway. In the back, you'll find a duplex with two 1-bedroom, 1-bath units, perfect for additional rental income. All units are on separate meters, and the entire property sits on a generous 14,000 sq. ft. lot. Currently tenant-occupied, this is a fantastic investment opportunity with built-in cash flow. Act now!
Income Property with long term tenants. 3 bedroom, 2 bath home with large living area, garage, laundry hook-ups and backyard. Rent is currently low, adjoining property is rented for $1800. 2729 Agate (adjoining property) is also listed for sale. Close to Valley Plaza and easy access to the 99 FWY.
Great 2 units with gated drive way for 2 cars and additional parking at the rear. Must see front unit 3 bedroom and back unit 2 bedroom. Both units are current occupied by long - time tenants. More picture coming soon please see remark for showing.
Remarks Tri-plex in Oleander/Sunset with excellent curb appeal. All three units are rented. Unit C was renovated in 2019. Unit A & B was remodel in 2022. Low maintenance costs in a good neighborhood with wide streets. Unit A is 2-bedroom 1 bath with open concept and front-yard access. Units B & C are symmetrical two-story units with 1,000 square feet each. Units B & C each have 2 bedrooms and 1.5 bath. All three units have private indoor laundry connections. Each unit has a private rooftop HVAC system that provides central heat and air conditioning.
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.
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.
This Oleander 6 unit complex is a great investment. These units features 5- 2bedroom.1 bath and one 2bedroom,2 bath unit with extra storage. There are 6 one car garages with one parking space per unit. 2 units over garages. All units have been well kept with laundry hookups inside. Properties are close to school, eateries and shopping. Drive by these units wont last.
This fantastic Four-Plex features spacious 1-bedroom, 1-bathroom units and is situated in a residential neighborhood near the intersection of California Avenue and Union Avenue. The property boasts excellent curb appeal as it's located on a corner lot. This single-story building offers each unit measuring approximately 600 sq ft. There is ample on-site parking as well as convenient street parking.
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 93304 has a population of 398,756. Bakersfield 93304 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 93304 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 93304 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.