Central Valley Property Advisors are excited to bring to market a lucrative twelve (12) unit multifamily investment in the thriving Bakersfield Downtown Corridor, just steps from the iconic Fox Theatre and the renowned Padre Hotel. This prime asset comprises two contiguous parcels: an eight-unit building built in 2006, and a four-unit building from 1968, both featuring spacious one-bedroom, one-bathroom units designed for solid performance. Investors can seize a rare opportunity for immediate revenue growth with an 11% rental upside, ready to be capitalized on. Five of the twelve units have been tastefully remodeled, achieving top-market rents. This presents a fantastic opportunity for the new owner to capitalize on the remaining potential by completing the remodels on the other seven units and unlocking even greater rental income. This is an exceptional opportunity to acquire a robust asset with immediate cashflow.