2115 2117 G Street

Bakersfield, CA 93301

$1,850,000

List Price

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bed Beds

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shower Baths

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2006

calendar_month Built

Property Description

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.

Listing Information

List Price $1,850,000
Status Active
MLS MD24237689
Type Residential Income
Subtype Apartment
Year Built 2006
Lot Size 9,147
Structure Size N/A
DOM 14
Courtesy Of Central Valley Property Advisors
Listing Agent Esteban Contreras DRE#01975384

Interior Features

Laundry Information
Location(s) Inside
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Esteban Contreras, Central Valley Property Advisors 661-376-0575. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 2:15 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.