$1,499,000
- Beds
- Unknown
- sq ft
- 7,144
2410 S M St, Bakersfield, CA 93304
2410 S M St
Bakersfield, CA 93304
- 69 days on market
- Price drop $71,900↓
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.
Details
Property type
Lot size
0.3886 acres
Price per sq ft
$210
Year built
1984
HOA
No
Price History
07/31/2024
CLAW #24414483
Price change
$1,499,000
-4.58%
07/12/2024
CLAW #24414483
Listed
$1,570,900
Schools & Community
Neighborhood:
Southgate
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/19/2024 at 2:45 PM
Listing updated: 08/13/2024 at 12:44 PM
Listed by: Manny Nunez, CB Richard Ellis, Inc.
MLS: CLAW #24414483
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