2410 S M St, Bakersfield, CA 93304 – 24-414483

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$1,399,899

Est. payment - /mo

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7,144 SqFt

Pending

2410 S M St Bakersfield, CA 93304

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Marlyn Kamibayashiyama

marlyn4k@gmail.com +1(702) 325-8918

UPDATED:

12/12/2024 09:30 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 7,144 sqft

Price per Sqft $195

MLS Listing ID 24-414483

Year Built 1984

Lot Size 0.389 Acres

Acres 0.39

Property Description

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.

Location

State CA

County Kern

Area Baker

Zoning C-1

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Range/Oven, Refrigerator

Exterior

Parking Features Unassigned, Uncovered

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by CB Richard Ellis, Inc.

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+1(702) 325-8918

marlyn4k@gmail.com