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 TypeMulti-Family
- NeighborhoodN/A
- CountyKern
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site38 Days
- MLS StatusActive
- MLS ID Number24414483
- Home Size Source N/A
- Year Built1984
- Lot Size0.3886 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking UnassignedUncovered
- Parking Spaces 0
- Number of Stories 22
- Acreage 0.3886
- Zoning C-1
- Listing Conditions Standard
Interior Features
- Heating Wall Furnace
- Appliances Refrigerator
Community Features
- Senior Community No
- MLS Area BAKR - Baker