1010 Beale Ave - Apartments FOR SALE


Bakersfield, CA 93305- Old Town Kern
$1,920,000 USD
419-206-7117
1010 Beale Ave, Bakersfield, CA for Sale
$1,920,000 USD
Apartments - FOR SALE
1/8
null | 6.12% Cap Rate

1010 Beale Ave
Bakersfield, CA 93305
Old Town Kern


OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,920,000 USD

PRICE/SF

$162 USD /SF

# OF UNITS

16

PRICE/UNIT

$120,000

CAP RATE

6.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

R3

APN/PARCEL ID

014-290-20-00-4

ASK ABOUT THIS PROPERTY

Eric Van DenkCentral Valley Property AdvisorsMore Info
419-206-7117

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Eric Van DenkCentral Valley Property AdvisorsMore Info
419-206-7117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.