1906 18th St - Apartments FOR SALE


Bakersfield, CA 93301
$4,250,000 USD
661-444-5196
1906 18th St, Bakersfield, CA for Sale
$4,250,000 USD
Apartments - FOR SALE
1/28
null | 7.01% Cap Rate

1906 18th St
Bakersfield, CA 93301


HIGHLIGHTS

  • Location, Location, Location
  • Diverse Unit Mix
  • Unique Architectural Charm
  • Prime Location in Westchester
  • Nearby Eateries & Businesses
  • Located in a Strong Rental Market

OVERVIEW

Making Apartments Affordable Again .... The New Yorker!!!! Marcus & Millichap is pleased to present a unique investment opportunity in Bakersfield, CA. This 35-unit apartment complex is located at 1906 18th Street Bakersfield, CA 93301. This distinctive property, built in 1912, showcases a New York-style architectural charm with a vintage touch, setting it apart from typical apartment offerings in the area. The building's classic design includes twelve well-appointed 1 Bed / 1 Bath units and twenty-three cozy studio apartments, providing a diverse rental offering for prospective tenants. Situated in the sought-after Westchester submarket, this property benefits from its Downtown influence. The New Yorker is near the Padre Hotel, a key landmark that adds to the area’s allure and desirability for both investors and tenants. The Downtown neighborhood is known for its character and convenience, making this location a prime spot for attracting tenants who appreciate both historical charm and modern amenities. Additionally, the area boasts an array of boutique shops and cafés that enhance the neighborhood's appeal and offer a lively atmosphere. Properties of this unique caliber rarely linger on the market, and when they do, they tend to sell quickly. Marcus & Millichap’s expertise in marketing and real estate ensures that this distinctive apartment complex will garner significant interest. Don’t miss out on the chance to invest in this exceptional property, which offers both historical value and stable rental income potential.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$183 USD /SF

# OF UNITS

35

PRICE/UNIT

$121,429

CAP RATE

7.01%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The New Yorker Vintage Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,179 SF

ZONING

C1

APN/PARCEL ID

004-120-10-00-2

ASK ABOUT THIS PROPERTY

Bruce BarnhardMarcus & MillichapMore Info
661-444-5196

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Bruce BarnhardMarcus & MillichapMore Info
661-444-5196

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