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$ 2,780,000
Est. payment /mo
Price Dropped by $100K
1905 California Avenue Bakersfield, CA 93304
16,668 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 11 Plus
Listing Status Active
Purchase Type For Sale
Square Footage 16,668 sqft
Price per Sqft $166
MLS Listing ID 202607254
Year Built 1964
Property Sub-Type 11 Plus
Property Description
1905 California Avenue presents a rare opportunity to acquire a 24-unit multifamily asset in the heart of Bakersfield, California. The property consists of a desirable unit mix of nineteen (19) 2-bedroom/1-bath units, four (4) 1-bedroom/1-bath units, and one (1) 3-bedroom/1-bath unit, providing broad tenant appeal. The asset currently generates over $280,000 in gross annual income, offering investors immediate cash flow with the potential for future revenue growth through continued rent optimization and operational efficiencies. Located along a major Bakersfield corridor with convenient access to employment centers, retail amenities, schools, and transportation routes, the property benefits from strong rental demand within a growing Central Valley market. This offering represents an attractive value-add and long-term hold opportunity for investors seeking scale, income, and upside potential in one of California's most affordable multifamily markets.
Location
State CA
County Kern
Area 10
Exterior
Parking Features Carport
Building
Story 2
Schools
Elementary Schools Penn, William
Middle Schools Emerson
High Schools Bakersfield
Listed by Eric VanDenk • Central Valley Property Advisors