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$925,000
PW26170501 MLS Active Status
We are pleased to present 210 17th Street, an 8-unit multifamily investment opportunity in Downtown Bakersfield. Built in 1935, the property pairs classic red-tile Spanish bungalows fronting 17th Street with a two-story rear building — vintage character product that no longer gets built. The unit mix is a split of 5 one-bedroom / one-bath and 3 two-bedroom / one-bath units on a generous 11,325 SF lot, separately metered for gas and electricity. Offered at $925,000 — $115,625 per unit and $156 per SF — the asset trades at a fraction of replacement cost. In-place rents average $1,060 — the one-bedrooms as low as $600 — versus $1,095 and $1,195 at market. The property will be delivered with five vacant units, providing investors with an exceptional value-add opportunity to immediately renovate, lease at market rents, and accelerate NOI growth from day one. Positioned in the 93301 zip code blocks from the Chester Avenue core, the Fox Theater, and Bakersfield High School, the property draws on the deep workforce renter base of California's 9th largest city. Current income delivers a 6.02% cap rate day one, underwriting to an 6.84% market cap as units roll — a +8% lift in gross scheduled income.

210 17th Street, Bakersfield

$750,000
SR26168007 MLS Active Status
Newly remodeled 5-unit investment opportunity, Located in a highly desirable area of Bakersfield. All 5 units are 2 bedrooms and 1.5 bath, most of the units have been completely remodeled but 2 units will require some degree of finishing touches to be complete, plus some exterior paint & trim etc. Currently all units are VACANT due to the remodel that in in progress. The property situated on a good size lot and each unit has its own attached garage for convenience. This property is conveniently located within walking distance to shopping centers, dining, and huge retail and is minutes to major freeways. This property has a huge upside for an investor who wants to complete some upgrades in order to make it a great cash flow investment.

3604 Panama, Bakersfield

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.