Bakersfield, CA 93304,2410 S M St
Bakersfield, CA 93304,2410 S M St
Bakersfield, CA 93304,2410 S M St
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$1,399,899
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7,144 SqFt
Pending

2410 S M St Bakersfield, CA 93304

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UPDATED:

12/12/2024 09:30 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 7,144 sqft

Price per Sqft $195

MLS Listing ID 24-414483

Year Built 1984

Lot Size 0.389 Acres

Acres 0.39

Property 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 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.

Location

State CA

County Kern

Area Baker

Zoning C-1

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Range/Oven, Refrigerator

Exterior

Parking Features Unassigned, Uncovered

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by CB Richard Ellis, Inc.

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agent

Valerie O'Donnell

Real Estate Professional | RE.S.60078.LLC

+1(702) 858-6162

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2410 S M St