We're excited to present a lucrative twelve (12) unit multifamily investment in the heart of Bakersfield's vibrant Downtown Corridor, just steps from the iconic Fox Theatre and the renowned Padre Hotel. This exceptional property spans two Contiguous parcels: an eight-unit building Constructed in 2006 and a four-unit building from 1968. Both buildings feature spacious one-bedroom, one-bathroom units, making them highly desirable in today's rental market. Five of the twelve units have already been tastefully remodeled and are achieving top-market rents. The remaining seven units present a tremendous opportunity for the next owner to complete the remodels and bring them up to market rent, unlocking significant additional income potential. This asset provides immediate cash flow and a clear path to enhanced revenue growth. Whether you're an experienced investor or looking to break into multifamily investments, Seize the opportunity to unlock potential in a prime location today.
The income description goes here to explain
List Price | $1,850,000 |
Property Type | Condo/Co-Op |
Usable Sqft | Unknown |
Number of Stories | 2 stories |
Parking Spots | 0 spots |
Year Built | 2006 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 00322207 |
MLS # | MD24237689 |
Property ID | 321072531 |
Lot Sqft | 9,147 |
Zoning | Unknown |
Total Units | 12 |
Days on Market | 71 |
Original List Price | $1,850,000 |
Date Updated | November 20, 2024 |
Date Created | November 20, 2024 |
Esteban Contreras an agent of . Lic #01975384
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of November 20, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT