11
See all 11 photos
$1,795,000
Est. payment /mo
3,610 SqFt
Active
2115 G Street Bakersfield, CA 93301
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UPDATED:
02/21/2025 01:07 AM
Key Details
Property Type Commercial
Sub Type 11 Plus
Listing Status Active
Purchase Type For Sale
Square Footage 3,610 sqft
Price per Sqft $497
MLS Listing ID 202502099
Year Built 2006
Property Sub-Type 11 Plus
Property Description
We are honored to exclusively bring to market this 12-unit multifamily investment with a clear, proven path to higher returns. With 5 of 12 units already remodeled, the groundwork is laid for a new investor to step in, complete the remaining upgrades, and unlock significant rental growth in a stabilized asset. This property is already producing strong in-place cash flow, backed by key exterior capital improvements including new paint, fencing, landscaping, and staircase repairs. The remodeled units have demonstrated the rent potential, offering an investor the ability to capture an extreme rental increase once fully stabilized. With a current NOI of $107,228 and a pro forma projection Significantly higher (20%!!) this is a rare opportunity to acquire a high-yielding asset with built-in equity upside. The heavy lifting has been donenow it's about executing on the final stage to drive long-term cash flow growth. Serious investors onlycall now to discuss financials and next steps.
Location
State CA
County Kern
Area 10
Exterior
Parking Features Other
Building
Story 2
Schools
Elementary Schools Franklin
Middle Schools Emerson
High Schools Bakersfield
School District Bakersfield City
Listed by Esteban Contreras • Watson Realty