2711 Hollyhock Ln - Apartments FOR SALE


Bakersfield, CA 93309- Sagepointe
$835,000 USD
661-885-6968
2711 Hollyhock Ln, Bakersfield, CA for Sale
$835,000 USD
Apartments - FOR SALE
1/6
null | 5.89% Cap Rate

2711 Hollyhock Ln
Bakersfield, CA 93309
Sagepointe


HIGHLIGHTS

  • Fully stabilized 5-unit investment property delivering strong cash flow.
  • Unit mix includes (1) 3-bed, 2-bath and (4) 2-bed, 1-bath residences.
  • Amenities include central A/C, in-unit laundry, and dedicated parking with carports and garage.
  • Located in Southwest Bakersfield’s Laurelglen area near schools, shopping, and local services.
  • Proven income performer with recent interior upgrades and 100% occupancy.

OVERVIEW

2711 Hollyhock Lane presents a fully stabilized 5-unit multifamily investment opportunity situated in the desirable Laurelglen neighborhood of Southwest Bakersfield. The property includes one three-bedroom, two-bath unit and four two-bedroom, one-bath units, generating approximately $83,000 in gross annual income. Each unit offers central air conditioning, private laundry, and off-street parking, including carports and a two-car garage. Several units have received kitchen and bath upgrades, enhancing tenant appeal with modern finishes. With 100% occupancy, an operating GRM of 10.27, and a cap rate near 5.9%, this investment delivers strong in-place cash flow within a highly sought rental submarket. Located near local schools, parks, and retail amenities, the property benefits from consistent demand and ease of access to major roadways like Highway 99 and Ming Avenue. This stabilized asset provides both immediate income generation and long-term growth potential in an established Bakersfield neighborhood.

FOR SALE DETAILS

PRICE

$835,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

5

PRICE/UNIT

$167,000

CAP RATE

5.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2711 Hollyhock Ln

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R-2

APN/PARCEL ID

355-334-01-00-4

ASK ABOUT THIS PROPERTY

Caleb FiskASU CommercialMore Info
661-885-6968

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Caleb FiskASU CommercialMore Info
661-885-6968

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