$1,900,000
2115 G Street Bakersfield, CA 93301
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$1,900,000
Est. payment /mo
3,610 SqFt
Active
2115 G Street Bakersfield, CA 93301
UPDATED:
10/10/2024 06:17 PM
Key Details
Property Type Commercial
Sub Type 11 Plus
Listing Status Active
Purchase Type For Sale
Square Footage 3,610 sqft
Price per Sqft $526
MLS Listing ID 202410326
Year Built 2006
Property Description
We are excited to bring to market a lucrative twelve (12) unit multifamily investment in the thriving Bakersfield Downtown Corridor, just steps from the iconic Fox Theatre and the renowned Padre Hotel. This prime asset comprises two contiguous parcels: an eight-unit building built in 2006, and a four-unit building from 1968, both featuring spacious one-bedroom, one-bathroom units designed for solid performance. Investors can seize a rare opportunity for immediate revenue growth with an 11% rental upside, ready to be capitalized on. The 1968 building has seen strategic upgrades in three of its four units, including new flooring, paint, countertops, cabinets, and windowsupgrades aimed at maximizing tenant appeal and rental income. With a total of 6,010 square feet of rentable space on a 9,147 sq. ft. lot, this offering balances stability with strong upside potential in a highly desirable location. This is an exceptional opportunity to acquire a robust asset with immediate cashflow.
Location
State CA
County Kern
Area 10
Exterior
Garage Uncovered
Building
Story 2
Schools
Elementary Schools Franklin
Middle Schools Emerson
High Schools Bakersfield
School District Bakersfield City
Listed by Esteban Contreras • Central Valley Property Adviso
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