2212 Lake St - Apartments FOR SALE


Bakersfield, CA 93306- Outer East Bakersfield
$444,000 USD
661-282-2246
2212 Lake St, Bakersfield, CA for Sale
$444,000 USD
Apartments - FOR SALE
1/9
null | 5.91% Cap Rate

2212 Lake St
Bakersfield, CA 93306
Outer East Bakersfield


HIGHLIGHTS

  • Adjacent Fourplex Also Available – Opportunity to Acquire Up to 8 Units
  • Value-Add Opportunity with One Vacant Unit Ready for Improvements & Lease-Up
  • 75% Occupied with In-Place Income from Three Existing Tenants
  • Offered at $444,000 – Just $111,000 Per Unit
  • Four 1-Bedroom / 1-Bath Units – Approximately 532 SF Each

OVERVIEW

Rare adjacent fourplex investment opportunity in Bakersfield. 2212 Lake Street consists of four 1-bedroom / 1-bath units totaling approximately 2,128 SF, with three units currently occupied and one vacant, providing in-place income with immediate value-add and lease-up potential. The adjacent fourplex at 2208 Lake Street is also available for purchase, offering investors the opportunity to acquire up to eight units within the same immediate location. The properties may be purchased individually or together, making this an attractive opportunity for investors seeking scale, operational efficiency, and long-term portfolio growth. 2212 Lake Street is offered at $444,000, or $111,000 per unit. Current monthly rent is $2,550, with additional upside through stabilization. Please do not disturb tenants. Seller requests offers subject to interior inspection. Buyer to independently verify rents, expenses, property condition, zoning, and all underwriting assumptions.

FOR SALE DETAILS

PRICE

$444,000 USD

PRICE/SF

$209 USD /SF

# OF UNITS

4

PRICE/UNIT

$111,000

CAP RATE

5.91%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2212 Lake Street Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,917 SF

ZONING

R-3

APN/PARCEL ID

137-410-06-00-4

ASK ABOUT THIS PROPERTY

Mary Sawyer, CCIMPortfolio PropertiesMore Info
661-282-2246

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

Mary Sawyer, CCIMPortfolio PropertiesMore Info
661-282-2246

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