$1,570,900
2410 S M Street
Bakersfield, CA, 93304
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 Details
Price:
$1,570,900
MLS #:
24414483
Status:
Active
Baths:
0
Address:
2410 S M Street
Type:
Residential Income
Neighborhood:
bakrbaker
City:
Bakersfield
Listed Date:
Jul 12, 2024
State:
CA
ZIP:
93304
Lot Size:
16,928 sqft / 0.39 acres (approx)
Year Built:
1984
Schools
Interior
Appliances
Refrigerator
Heating
Wall Furnace
Exterior
Parking Features
Unassigned, Uncovered
Parking Spots
0.00
Stories Total
2
Financial
Buyer Agent Compensation
0.000
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
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Courtesy of CB Richard Ellis, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than James Outland include the name of the listing broker. Neither the listing company nor James Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 2410 S M Street
Bakersfield, CA
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