2115-2117 G Street

Bakersfield, CA 93301

$1,850,000
Price
1
Beds
12
Baths
6,010 Sq. Ft.
$308 / Sq. Ft.
6,010
Sq. Ft.
$308
per Sq. Ft.

Description

We're excited to present a lucrative twelve (12) unit multifamily investment in the heart of Bakersfield's vibrant Downtown Corridor, just steps from the iconic Fox Theatre and the renowned Padre Hotel. This exceptional property spans two Contiguous parcels: an eight-unit building Constructed in 2006 and a four-unit building from 1968. Both buildings feature spacious one-bedroom, one-bathroom units, making them highly desirable in today's rental market. Five of the twelve units have already been...We're excited to present a lucrative twelve (12) unit multifamily investment in the heart of Bakersfield's vibrant Downtown Corridor, just steps from the iconic Fox Theatre and the renowned Padre Hotel. This exceptional property spans two Contiguous parcels: an eight-unit building Constructed in 2006 and a four-unit building from 1968. Both buildings feature spacious one-bedroom, one-bathroom units, making them highly desirable in today's rental market. Five of the twelve units have already been tastefully remodeled and are achieving top-market rents. The remaining seven units present a tremendous opportunity for the next owner to complete the remodels and bring them up to market rent, unlocking significant additional income potential. This asset provides immediate cash flow and a clear path to enhanced revenue growth. Whether you're an experienced investor or looking to break into multifamily investments, Seize the opportunity to unlock potential in a prime location today.
  1. Listed by Esteban Contreras • DRE #01975384 • Brokerage DRE #02223453 • Central Valley Property Advisors • 661-617-0074

Property Details for 2115-2117 G Street

Parking Spaces Total
0
Private Pool
No
Total Units
12.0
Lot Size Source
Assessor
Property Attached YN
false
Common Walls
No Common Walls
New Construction
No
Average Studio Area Units
Square Feet
LISTING UPDATED: 11/20/2024 06:23 AM

Property Details for 2115-2117 G Street

StatusActive
MLS #MD24237689
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built2006
Lot Size0.21 AC / 9,147 SF
CountyKern County

Building Information for 2115-2117 G Street

Stories2Residences-Year Built2006Building Size-Lot Size0.21 AC / 9,147 SF

Property Information for 2115-2117 G Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $164,568
  • Gross Scheduled Income: $164,568
  • Net Operating Income: $107,228
Expense Details
  • Operating Expense: $59,664
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $59,664
Tax / Assessment Info
  • Tax Tract Number: NA
  • Tax Lot: NA
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
  • Cooling: Central Air
  • Heating: Central
Exterior Features
  • Entry Location: w
  • Pool Features: None
Land/Lot Info
  • Additional Parcels Description: 00322208
  • Lot Features: 0-1 Unit/Acre
  • Land Lease: No
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,143
  • Unit Type Total Rent: $1,143
  • Unit Type Pro Forma: 1275
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 0

Property History for 2115-2117 G Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2115-2117 G Street

This home is within Kern Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Franklin Elementary School
PublicK to 6

Emerson Middle School
Public6 to 8

Bakersfield High School
Public9 to 12

Downtown Elementary School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2115-2117 G Street is a multi-family home for sale in Bakersfield, CA 93301. This property was listed for sale on November 20, 2024 by Central Valley Property Advisors, it's currently listed at $1,850,000. This listing's school districts are Kern Union High School District, Bakersfield City School District. Nearby schools include Franklin Elementary School, Emerson Middle School and Bakersfield High School. 2115-2117 G Street is a 1-bed, 12-bath, 6,010 sqft multi-family home built in 2006.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Central Valley Property Advisors

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.