2410 M Street, Bakersfield
Bakersfield Home For Sale
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 Details
Additional Information
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- City:
- Bakersfield
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- County:
- Kern
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- Zip:
- 93304
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- MLS® #:
- 24414483
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- Bathrooms:
- 1
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- Square Ft:
- 7,144
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- Lot Size:
- 0.39
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- Levels:
- Two
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- HOA Dues:
- $
Price Change History for 2410 M Street, Bakersfield, (MLS® #24414483)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $1,570,900) | $1,499,000 | $71,900 (4.58%) |
Based on information from California Regional Multiple Listing Service, Inc. as of August 18th, 2024 at 10:21pm PDT. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.