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Well-positioned 18-unit multifamily investment property located in the strong rental market of North Bakersfield, offering investors the opportunity to acquire a stable, income-producing apartment building with long-term upside potential. Built in 1982, the property consists of approximately 9,785 square feet of building area situated on a 29,620 square foot lot, providing ample space for tenant parking and accessibility. The property features approximately 40 on-site parking spaces, an attractive amenity that supports tenant convenience and occupancy stability.
The asset is offered at approximately $201.84 per square foot and $109,722 per unit, providing a competitive price basis compared to similar multifamily properties for sale in Bakersfield. The property is currently operating at a 6% cap rate, making it an appealing opportunity for investors seeking a cash flowing multifamily investment with reliable performance.
The property benefits from 5 Section 8 units, providing stable, government-backed rental income and helping reduce vacancy risk. Bakersfield continues to experience steady demand for affordable housing, supporting consistent occupancy and long-term rental growth potential. This 18-unit apartment complex is well suited for investors seeking both passive income and future appreciation in a growing Central California rental market.
The property offers convenient access to major transportation routes including California State Route 99, as well as key commercial corridors such as Airport Drive and North Chester Avenue, connecting residents to employment centers, schools, shopping, and everyday services throughout the Bakersfield area. Nearby amenities include retail, dining, and regional shopping destinations such as Valley Plaza Mall, one of the largest retail centers in the San Joaquin Valley.
The surrounding neighborhood consists of established residential communities with consistent rental demand and ongoing growth, supporting long-term investment performance. This residential income property presents a compelling opportunity for investors seeking a Bakersfield multifamily investment with strong fundamentals, stable income, and future upside potential.
Start by requesting more information about the business, including preliminary financials, lease terms, and key operational insights. This gives you a high-level view of the opportunity.
Start by requesting more information about the business, including preliminary financials, lease terms, and key operational insights. This gives you a high-level view of the opportunity.
To protect the confidentiality of the seller and the business, we’ll send you a Non-Disclosure Agreement (NDA). Once signed, you'll get access to the full financial package — including tax returns, profit & loss statements.
Schedule a confidential tour of the business and begin reviewing documentation. This includes speaking with ownership (if approved), checking equipment, staff structure, and validating performance data.
Schedule a confidential tour of the business and begin reviewing documentation. This includes speaking with ownership (if approved), checking equipment, staff structure, and validating performance data.
If the business meets your criteria, you'll submit a Letter of Intent (LOI). This document outlines your proposed purchase price, terms, and timeline — and starts the negotiation process.
Once your offer is accepted, we’ll guide you through full due diligence, lease transfer, escrow setup, and legal documentation. You'll finalize the transaction and take over the business with a clear transition plan in place.
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From restaurants to laundromats, ready for new ownership.
