House Description

1905 California Avenue presents a rare opportunity to acquire a 24-unit multifamily asset in the heart of Bakersfield, California. The property consists of a desirable unit mix of nineteen (19) 2-bedroom/1-bath units, four (4) 1-bedroom/1-bath units, and one (1) 3-bedroom/1-bath unit, providing broad tenant appeal. The asset currently generates over $280,000 in gross annual income, offering investors immediate cash flow with the potential for future revenue growth through continued rent optimization and operational efficiencies. Located along a major Bakersfield corridor with convenient access to employment centers, retail amenities, schools, and transportation routes, the property benefits from strong rental demand within a growing Central Valley market. This offering represents an attractive value-add and long-term hold opportunity for investors seeking scale, income, and upside potential in one of California's most affordable multifamily markets.

Highlights

Listed by Eric VanDenk , 3760575 and Robin Hundal , 3306896 Central Valley Property Advisors , 3760575. Bakersfield Association of Realtors

Property Type

Multi-Family

Lot/Acreage

0.44

Year Built

1964

County

Kern

Area

Listing ID

202607254

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Payment Breakdown

Principal Interest

$13,875

Taxes

$1,772

Home Price

$2,780,000

Home Price

Loan Details

30 yrs

6.375%

Interest Rate

Loan Type

Down Payment

20%

$556,000

Down Payment

Down Payment %

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Monthly Price:

$13,874.87

Principal

Taxes

	Principal	Taxes	HOA	Total
Monthly	$13,874.87	$1,772.25	$0.00	$15,647.12
Yearly	$166,498.40	$21,267.00	$0.00	$187,765.40
Total	$4,994,951.96	$638,010.00	$0.00	$5,632,961.96