$2,590,000
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.
1905 California Ave, Bakersfield
Courtesy of Eric VanDenk with Central Valley Property Advisors