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$ 1,920,000
Est. payment | /mo
11,520 SqFt
$ 1,920,000
Est. payment | /mo
11,520 SqFt
Key Details
Property Type Commercial
Sub Type 11 Plus
Listing Status Active
Purchase Type For Sale
Square Footage 11,520 sqft
Price per Sqft $166
MLS Listing ID 202607270
Year Built 1986
Property Sub-Type 11 Plus
Property Description
1010 Beale Avenue presents an attractive value-add multifamily investment opportunity in Bakersfield, California, consisting of sixteen (16) spacious 2-bedroom, 1-bathroom units situated on approximately 0.46 acres. The property benefits from a highly desirable workforce housing unit mix that continues to experience strong rental demand throughout the Bakersfield market. With current gross annual income exceeding $195,000, the asset provides investors with immediate cash flow while maintaining potential for future rent growth and operational efficiencies. The gated community features onsite laundry facilities, ample parking, and a proven rental history, making it well-positioned to attract and retain long-term tenants. Located near Downtown Bakersfield, major employment centers, schools, and transportation corridors, 1010 Beale Avenue offers investors the opportunity to acquire a stabilized multifamily asset with strong in-place income, durable tenant demand, and long-term appreciation
Location
State CA
County Kern
Area 31
Exterior
Parking Features Uncovered
Building
Story 2
Schools
Elementary Schools Longfellow
Middle Schools Washington
High Schools Bakersfield
Listed by Eric VanDenk • Central Valley Property Advisors
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "