1905 California Ave - Apartments FOR SALE


Bakersfield, CA 93304- Oleander/Sunset
$2,590,000 USD
419-206-7117
1905 California Ave, Bakersfield, CA for Sale
$2,590,000 USD
Apartments - FOR SALE
1/9
null | 6.71% Cap Rate

1905 California Ave
Bakersfield, CA 93304
Oleander/Sunset


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,590,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

24

PRICE/UNIT

$107,917

CAP RATE

6.71%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Pines Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,158 SF

ZONING

R3

APN/PARCEL ID

007-120-15-00-8

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.