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Well-positioned 18-unit multifamily investment property located in the strong rental market of North Bakersfield, offering investors the opportunity to acquire a stable, income-producing apartment building with long-term upside potential. Built in 1982, the property consists of approximately 9,785 square feet of building area situated on a 29,620 square foot lot, providing ample space for tenant parking and accessibility. The property features approximately 40 on-site parking spaces, an attractive amenity that supports tenant convenience and occupancy stability. The asset is offered at approximately $201.84 per square foot and $109,722 per unit, providing a competitive price basis compared to similar multifamily properties for sale in Bakersfield. The property is currently operating at a 6% cap rate, making it an appealing opportunity for investors seeking a cash flowing multifamily investment with reliable performance.The property benefits from 5 Section 8 units, providing stable, government-backed rental income and helping reduce vacancy risk. Bakersfield continues to experience steady demand for affordable housing, supporting consistent occupancy and long-term rental growth potential. This 18-unit apartment complex is well suited for investors seeking both passive income and future appreciation in a growing Central California rental market.The property offers convenient access to major transportation routes including California State Route 99, as well as key commercial corridors such as Airport Drive and North Chester Avenue, connecting residents to employment centers, schools, shopping, and everyday services throughout the Bakersfield area. Nearby amenities include retail, dining, and regional shopping destinations such as Valley Plaza Mall, one of the largest retail centers in the San Joaquin Valley. The surrounding neighborhood consists of established residential communities with consistent rental demand and ongoing growth, supporting long-term investment performance. This residential income property presents a compelling opportunity for investors seeking a Bakersfield multifamily investment with strong fundamentals, stable income, and future upside potential.
Property Type(s):
Residential Income
| Last Updated | 4/20/2026 | Tract | Citrus Terrace Villa |
|---|---|---|---|
| Year Built | 1982 | Community | BKSF - Bakersfield |
| County | Kern |
Additional Details
| AREA | BKSF - Bakersfield |
|---|---|
| HEAT | Central |
| LOT | 0.6804 acre(s) |
| LOT DIMENSIONS | 29640 |
| PARKING | None |
| SEWER | Other |
| STORIES | Split/Multi Level |
| SUBDIVISION | Citrus Terrace Villa |
| WATER | Public |
Location
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Listed with Exp Commercial of California, 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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