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.
Check out this spacious duplex on a corner lot with the potential of creating a third unit. These units have solid rents and each unit has a private yard which makes for a great investment.
Check out this spacious duplex with the potential of creating a third unit. The front house has two kitchens and is ready to be made into another unit with the proper permitting and the back house is a 3 bed/2 bath. These units have solid rents and and are near shopping and major roads which makes for a great investment.
Fourplex in quiet area, Stockdale and coffee, 4,272 Sqft Living, 13,939 Lot, 1 unit 3br/2ba renting for $1,500 and 3 units 2br/2ba renting for $3,900, All units inside bedrooms have wood floor and the rest of the house is tile, each units has their own backyard and laundry inside. Unit 4 has fire place and high ceiling, very quiet area and convenient location, also close to University of Bakersfield, property is sale as it condition.
Fully occupied Properties, all units are section 8 tenants and are due for rent increases. Great 1031 exchange opportunity or portfolio value add deal. Contact me for more info.
Fully occupied Properties, all units are section 8 tenants and are due for rent increases. Great 1031 exchange opportunity or portfolio value add deal. Contact me for more info.
Huge potential Ideal for the first time buyer owner user. 1 unit will be delivered vacant, the 2 back units are 2 bedrooms 1 bath each with no common walls as the carport divides this 2 units, 512 front unit was rebuilt about 8 years ago very good conditions is a 3 bedrooms 1 bath the other 3 unitsunits have some extensive work done to them from roof, central air electrical new kitchen cabinets, counter tops, new flooring new electrical too many extras to mention.. unit #514 is also a front unit side by side just as shown in the areal picture, the units are unique it gives the tenants the privacy and space where it does not even feel like a 4plex, for a long term tenants, Large wide with potential to add more bedrooms to the units or and ADU to maximize the income!! Please do not disturb the tenants.
New 4-Plex in East Bakersfield, Units are the same floor plan: Living room, kitchen with: disposal, mico wave, dishwasher, upstairs 4 bedrooms and 1 3/4 bath with shower over tub, sink/vanity, toilet. Parking area, gated front yard, conveniently located to freeway access and the many pleasures of Old Kern!
Looking to 1031 Exchange? Perfect opportunity to turn one door into three! Very low vacancy. Guaranteed income and rents are due to be raised with a ton of room to grow. Contact me for more info.
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.
Private duplex each with 2 bedrooms and 1 bathroom and a 1 car garage and private yard. Rents are currently lower than if they were slightly remodeled and HVAC was added. Both garages have been made into an unpermitted 1 bdrm 1 bth unit.
We are excited to announce our newest listing located at 2931 Peerless Ave Bakersfield ca 93308. This property features three (3) one (1) bedroom (1) bathroom units & one (1) two (2) bedroom one (1) bathroom unit, and includes four (4) single-car garages. The offering has a gross rentable square footage of 2,546sq.ft. and is situated on a 6,098sq.ft. lot.. A true value-add opportunity that has the potential to increase rental income by 40-50%
4 UNITS IN A VERY DESIRABLE AREA OF BAKERSFIELD Ca. This quadruplex offers 3 units that are two bedrooms and one bathrooms and 1 unit with three bedrooms and two bathrooms. Centralized near major shopping centers, two major freeways and local public centers. Close to Grace Memorial High school and Our Lady of Perpetual Help Catholic School. The unit is fully tenant occupied and will be sold and its current occupation and condition. Great property for investors and new landlords looking to create reschedule rental income.
Welcome to your next investment venture in beautiful Bakersfield, California! This charming duplex offers not just one, but two spacious units, each featuring 3 bedrooms and 2 bathrooms, providing ample living space for tenants or potential homeowners. Key Features: Dual Income Potential: With two separate units, this property presents a fantastic opportunity for dual rental income, maximizing your investment return from day one. Spacious Layout: Each unit boasts a well-designed layout, offering generous living spaces, three comfortable bedrooms, and two modern bathrooms, providing tenants with both comfort and convenience. Prime Location: Situated in the heart of Bakersfield, this duplex enjoys easy access to local amenities, schools, shopping centers, and entertainment options, making it an attractive choice for tenants seeking convenience and accessibility. Investment Potential: Whether you're an experienced investor looking to expand your portfolio or a first-time investor seeking a profitable opportunity, this duplex promises excellent potential for long-term rental income and capital appreciation in Bakersfield's thriving real estate market. Low Maintenance: Built with quality materials and designed for durability, this duplex offers low-maintenance living, allowing you to enjoy hassle-free ownership and peace of mind. Don't miss out on this incredible opportunity to own a duplex in one of Bakersfield's most sought-after neighborhoods. Whether you're looking to generate rental income or house multiple generations of your family, this property offers endless possibilities. Schedule a viewing today and take the first step towards realizing your real estate investment goals! schedule a private tour of this fantastic duplex in Bakersfield!
Great updated 2 units duplex property for sale. Two (2) separate buildings with its own yard and laundry hook up in each unit. Front unit: one (1) 2 bedroom and 1 bath; back unit: one (1) 1 bedroom and 1 bath. Two (2) one car garage detached; Currently, the front unit is rented for $1,200 per month. The back unit is rented for $1,100 per month. Owner paid for the water $75 per month average. ** Cash or Owner Carry Only** No Traditional Loans** No Appraisal ** Property Sold As is **
Great updated 3 units TRIPLEX property for sale. Great conditions & great income. Laundry hook up inside each unit. All of 3 units are 2 bedrooms and 1 bath. All 3 units are rented for $1,200 per month each. Owner paid for the water $85 per month average. ** Cash or Owner Carry Only ** No Traditional Loans ** No Appraisal ** Property Sold As is **
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.
Investment opportunity. Property features two single family residences in one lot. 901 Wilson Avenue consist of 780 square feet, two bedrooms one bath. 1111 Airport Drive is 528 square feet, one bedroom one bath. Separate utilities. Flat rate water meter. For more information please call/ text listing agent.
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 park has a permit for 62 spaces. It consists of 10 mobile home spaces and 52 large RV spaces. In addition, there is 1 house on Lomita and 1 house on Union. The property consists of 3 separate parcels. 922 S. Union and 908 & 910 Lomita St. The lots on Lomita are large deep lots. The lots' back portion is part of the RV/mobile home park. The house in the front portion of 910 was demolished, and the back portion has 6 spaces. The front portion of 908 has a large house, and the back portion has 9 spaces. 922 south union has 47 spaces and a house in front. The park pays for spaces’ utilities, but they are sub-metered for electricity, and the new park owner can increase revenue by billing the tenants for it. The park pays for water at a flat rate. The tenants have a month-to-month lease, but they are long-term tenants. The park is located across the street from Golden West Casino and Kern County fairgrounds, which has high traffic, especially on weekends. Since vendors at the fairgrounds set up shop on Friday afternoons for weekend events, the park could be repositioned from long-term to short-term tenancy to cater to these vendors. Similarly, the park can provide short-term tenancy to cater to the Golden West Casino clients. The sale includes 25 park-owned trailers. 4 are unassi
The park has a permit for 62 spaces. It consists of 10 mobile home spaces and 52 large RV spaces. In addition, there is 1 house on Lomita and 1 house on Union. The property consists of 3 separate parcels. 922 S. Union and 908 & 910 Lomita St. The lots on Lomita are large deep lots. The lots' back portion is part of the RV/mobile home park. The house in the front portion of 910 was demolished, and the back portion has 6 spaces. The front portion of 908 has a large house, and the back portion has 9 spaces. 922 south union has 47 spaces and a house in front. The park pays for spaces’ utilities, but they are sub-metered for electricity, and the new park owner can increase revenue by billing the tenants for it. The park pays for water at a flat rate. The tenants have a month-to-month lease, but they are long-term tenants. The park is located across the street from Golden West Casino and Kern County fairgrounds, which has high traffic, especially on weekends. Since vendors at the fairgrounds set up shop on Friday afternoons for weekend events, the park could be repositioned from long-term to short-term tenancy to cater to these vendors. Similarly, the park can provide short-term tenancy to cater to the Golden West Casino clients. The sale includes 25 park-owned trailers. 4 are unassigned to a space. Additionally, the park is in an Opportunity zone. The park is sold as a package with 100 Hudson Dr., Bakersfield, CA. They are priced separately. The total price is a combination of 922 S. Union and 100 Hudson.
The park has a permit for 25 units, 4 apartments, and 21 trailer spaces. 2 of the apartments were demolished, and 4 spaces were doubled up. The 2 demolished apartment spaces are used as trailer spaces, thus bringing 2 apartments and 21 spaces available for rent. Rents are low with growth potential. The park is on a septic system, thus no sewer charges; tenants pay for the electricity, and the park pays for water. In 2024, the gas lines on master meters will convert to individual meters so tenants can be billed separately for usage. The park pays for the gas and electricity for the laundry facility. The laundry machines are coin-operated and maintained by the vendor. Park gets a portion of the laundry income. The park pays for the maintenance and utilities of the common areas. There is plenty of interest in renting the park. Current tenants refer friends and family to the park when a space becomes available. Some of the tenants have been there for over 20 years. The park is children-friendly. 1 mobile home and 1 RV are included in the sale. The rest of the mobile homes or RVs are tenant-own. This park will be sold with 922 S. Union Ave Bakersfield, CA as a package. The parks are priced individually. 922 S. Union's Listing ID is SR23119464
The median home value in Bakersfield, CA is $390,000. 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 $390,000. 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 has a population of 398,756. Bakersfield is more family-centric than the surrounding county with 37.17% 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 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 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.