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CBRE, Inc. is pleased to exclusively present 2410 S. M Street, a twenty-unit multifamily investment property in Bakersfield, California. On the market for the first time in 20 years, The M Street Apartments are located three minutes from the Bakersfield Municipal Airport and 1 hour and 20 minutes from The City of Los Angeles. Constructed in 1984, the 20-unit 7,144 square foot building sits on a 16,988 square foot lot. 50% of the gross revenue is government subsidized via HUD and CalVet, providing the new owner security of cash flow. The property has a unit mix of 20 studio/1 bath units with an uncovered parking lot and serviced by three central water heaters. The roofs on both buildings have also been replaced within the last 24 months. The M Street apartments are a true value-add investment opportunity for an astute investor looking for a hedge against inflation. Please contact listing agents for more information.
Property Type(s):
Residential Income
| Last Updated | 11/4/2024 | Year Built | 1984 |
|---|---|---|---|
| Community | Baker | County | Kern |
Price History
| Prior to Jul 31, '24 | $1,570,900 |
|---|---|
| Jul 31, '24 - Oct 16, '24 | $1,499,000 |
| Oct 16, '24 - Nov 4, '24 | $1,399,900 |
| Nov 4, '24 - Today | $1,399,899 |
Additional Details
| APPLIANCES | Refrigerator |
|---|---|
| AREA | Baker |
| GARAGE | Unassigned, Uncovered |
| HEAT | Wall Furnace |
| LOT | 0.39 acre(s) |
| PARKING | Unassigned,Uncovered |
| STORIES | 2 |
| ZONING | C-1 |
Location
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Listed with CB Richard Ellis, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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