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.
Property Details
Property Features
Property Information:
Year Built: 2006
Stories: 2
Listing Office:
Office Name: Central Valley Property Advisors
Office Phone: (661) 617-0074
Listing Agent: Esteban Contreras
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.21 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: Go east on 23rd st, turn right on G st, pass 22nd st, location is on the right, west side of the street.
Price Information
Listing Price Info
Price Summary:
List Price: $1,850,000
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Housing Market Comparison
See how this home compares to others in Bakersfield, CA.
This property is $1.4M more than the Median Sold Price in Bakersfield, CA.
Based on homes sold in October 2024
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #MD24237689
Listing Office:
Office Name: Central Valley Property Advisors
Office Phone: (661) 617-0074
Listing Agent: Esteban Contreras
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Franklin Elementary School
2400 Truxtun Ave
Distance between this listing and this school0.78 miles
Public District Grades KG-6
2
/10
Stella Hills Elementary School
3800 Jewett Ave
Distance between this listing and this school0.88 miles
Public District Grades KG-6
3
/10
Longfellow Elementary School
1900 Stockton St
Distance between this listing and this school1.26 miles
Public District Grades KG-6
Nearby Schools
8
/10
Downtown Elementary School
2021 M St
Distance between this listing and this school0.57 miles
Public District Grades KG-8
3
/10
Emerson Middle School
801 4th St
Distance between this listing and this school1.74 miles
Public District Grades 6-8
1
/10
Lincoln Junior High School
815 Eureka St
Distance between this listing and this school1.90 miles
Public District Grades 7-8
Nearby Schools
6
/10
Valley Oaks Charter
3501 Chester Ave
Distance between this listing and this school0.57 miles
Public Charter Grades KG-12
1
/10
Kern County Community
1300 17th St
Distance between this listing and this school0.71 miles
Public District Grades KG-12
5
/10
Bakersfield High School
1241 G St
Distance between this listing and this school0.99 miles
The neighbors living near this home have an average income of $17,581. The majority of Bakersfield, CA residents have income less than $35k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 21152117 G St
What is the listing price of this property?
The listing price of 21152117 G St property is $1,850,000.
What type of property is this?
The property 21152117 G St is a condo located in Bakersfield, California, 93301.
Is this property for sale now?
Active Listing: 21152117 G St is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 21152117 G St is 2006.
This home is located at 21152117 G St in Bakersfield, CA and zip code 93301 in the Central Bakersfield neighborhood. This home, which was built in 2006, sits on a 0.21 acre lot. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $1,850,000.
In October 2024 more than 19 listings in Bakersfield, CA were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 27 were sold below. Between September 2024 and October 2024, Bakersfield, CA real estate market has seen increase in the number of listings by 4.2%. In October 2024, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $380,000.
From Rocket Homes Real Estate and based on county public records data.