4
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$1,399,899
Est. payment /mo
7,144 SqFt
Pending
2410 S M ST Bakersfield, CA 93304
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UPDATED:
12/13/2024 07:18 PM
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 7,144 sqft
Price per Sqft $195
MLS Listing ID 24414483
HOA Y/N No
Year Built 1984
Lot Size 0.389 Acres
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 Bakr - Baker
Zoning C-1
Interior
Heating Wall Furnace
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Unassigned, Uncovered
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 16615202003
Special Listing Condition Standard
Listed by Manny Nunez • CB Richard Ellis, Inc.
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