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$ 5,750,000
Est. payment | /mo
17,659 SqFt
$ 5,750,000
Est. payment | /mo
17,659 SqFt
Key Details
Property Type Commercial
Sub Type 11 Plus
Listing Status Active
Purchase Type For Sale
Square Footage 17,659 sqft
Price per Sqft $325
MLS Listing ID 202508457
Year Built 1972
Property Sub-Type 11 Plus
Property Description
- Located at 2510-2524 Haley Street in Bakersfield, California, this rare offering includes two side-by-side multifamily properties totaling 58 units across buildings constructed in 1968 and 1972. The unit mix features 21 one-bedroom/one-bath units, 25 two-bedroom/one-bath units, and 13 studio units, providing a versatile layout for tenant demand. The property includes an on-site laundry room and is priced at $5,750,000just $99,138 per unit or $137 per square foot. With a solid 5.76% Cap Rate and an attractive 8.78 Gross Rent Multiplier, this investment offers strong in-place income and long-term upside.
Location
State CA
County Kern
Area 31
Exterior
Parking Features Carport, Uncovered
Building
Story 2
Schools
Elementary Schools Noble, Myra A.
Middle Schools Washington
High Schools Highland
School District Bakersfield City

Listed by Marc A Thurston • ASU Commercial
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "