12 Unit Multifamily Property For Sale

2115 & 2117 G ST,
Bakersfield , CA 93301

 

$1,699,999
Price
10.04
GRM
$141,667
Price Per Unit
12
Number of Units
6.45%
Cap Rate
6,010
Building SF
$1,699,999
Price
10.04
GRM
$141,667
Price Per Unit
12
Number of Units
6.45%
Cap Rate
6,010
Building SF

Property Description

  • Vanguard Realty Investments is excited to present for sale 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!

Location Summary

  • Bakersfield and Kern County offer a dynamic investment landscape with several compelling factors for real estate investors. As the gateway to California’s Central Valley, Bakersfield boasts a growing economy driven by sectors like agriculture, energy, logistics, and healthcare. The region’s affordable cost of living and pro-business environment have attracted a steady influx of residents, which in turn drives strong rental demand. Kern County’s strategic location along major transportation corridors, including I-5 and Highway 99, supports efficient access to major markets like Los Angeles and the Bay Area. Additionally, ongoing developments in renewable energy, particularly solar and wind, position Kern County as a leader in sustainable energy. Combined with favorable population growth and relatively low property taxes, the area presents solid cash flow opportunities and long-term growth potential for investors seeking stable, income-generating assets.
FOR MORE DETAILS CONTACT
Esteban Contreras
Founder | Investment Sales Specialist
(661) 206-2447
esteban@vanguardrealtyinvestments.com
01975384