2410 S M Street, Bakersfield, CA 93304

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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.

Interior Features

Listing Information

Address 2410 S M Street
City Bakersfield
State CA
Zip 93304
County Kern
Listing Agent Manny Nunez DRE #01990970
Co-Listing Agent Cray Carlson DRE #01101138
Courtesy Of CB Richard Ellis, Inc.
List Price $1,399,900
Status Active
Type Residential Income
Structure Size 7,144
Lot Size 16,928
Year Built 1984

Listing information courtesy of: Manny Nunez, Cray Carlson, CB Richard Ellis, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 16th, 2024 at 6:53 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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. Properties may or may not be listed by the office/agent presenting the information.