2410 South M Street
$1,399,899
—
1
7,144
7,144
$196
Description
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...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.
- Listed by Manny Nunez • DRE #01990970 • Brokerage DRE #00868409 • CB Richard Ellis, Inc.
- Listed by Cray Carlson • DRE #01101138 • CB RICHARD ELLIS
Property Details for 2410 South M Street
Zoning
C-1
Living Area7144
Source Living AreaVendor Enhanced
AreaBaker (BAKR)
Vacancy Rate20
Lot Size Area16928
Source Lot Size AreaVendor Enhanced
Assessor Parcel Number16615202003
LISTING UPDATED: 11/18/2024 01:11 PM
Property Details for 2410 South M Street
Status | Active |
---|---|
MLS # | 24-414483 |
Days on Market | 131 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1984 |
Lot Size | 0.39 AC / 16,928 SF |
County | Kern County |
Building Information for 2410 South M Street
Stories2Residences-Year Built1984Building Size-Lot Size0.39 AC / 16,928 SF
Property Information for 2410 South M Street
Property History for 2410 South M Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2410 South M Street
Taxable ValueLand$133,967Additions$1,065,126Total$1,199,093
Tax Record2023$29,475 ($2,456 / month)
Home Facts
Total Finished SqFt7,144 SqFtAbove Grade Finished SqFt7,144 SqFtStories2Lot Size16,988 SqFtStyleMulti-Family Res (5+ Units)Year Built1984ZoningC-1CountyKERNAPN166-152-02-00-3
Schools near 2410 South M Street
This home is within Kern Union High School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 6 |
Rating | School | Distance |
---|---|---|
Frank West Elementary School PublicK to 5 | ||
Curran Middle School Public6 to 8 | ||
South High School Public9 to 12 | ||
Dr. Martin Luther King, Jr. Elementary PublicK to 6 |
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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