1018 Miller St - Apartments FOR SALE


Bakersfield, CA 93305- East Bakersfield
$1,100,000 USD
419-206-7117
1018 Miller St, Bakersfield, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/8
null | 6.12% Cap Rate

1018 Miller St
Bakersfield, CA 93305
East Bakersfield


OVERVIEW

Located at 1018 Miller St in Bakersfield, CA, this well-positioned 10-unit multifamily asset offers a uniform floor plan of 1-bedroom, 1-bathroom units, providing operational simplicity and broad tenant appeal. The property currently generates gross annual income in excess of $103,000, reflecting consistent, in-place cash flow from a fully uniform unit mix. Bakersfield's steady rental demand, driven by its diverse local economy and relative affordability compared to coastal California markets, supports continued occupancy strength and upside potential through future rent growth or value-add improvements. With uniform units simplifying maintenance and management, 1018 Miller St presents an attractive opportunity for investors seeking a well-positioned, income-producing multifamily asset in a growing Central Valley submarket.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$289 USD /SF

# OF UNITS

10

PRICE/UNIT

$110,000

CAP RATE

6.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R-3

APN/PARCEL ID

015-400-06-00-2

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.