2115-2117 G St - Apartments FOR SALE


Bakersfield, CA 93301- Downtown Bakersfield
$1,795,000 USD
661-206-2447
2115-2117 G St, Bakersfield, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/26
null | 6% Cap Rate

2115-2117 G St
Bakersfield, CA 93301
Downtown Bakersfield


HIGHLIGHTS

  • 20% Rental Increase Upside
  • PROVEN Value-Add Opportunity
  • Prime Location
  • Capital Improvements Completed

OVERVIEW

Vanguard Realty Investments is proud to exclusively bring to market this 12-unit multifamily investment with a clear, proven path to higher returns. With 5 of 12 units already remodeled, the groundwork is laid for a new investor to step in, complete the remaining upgrades, and unlock significant rental growth in a stabilized asset. This property is already producing strong in-place cash flow, backed by key exterior capital improvements including new paint, fencing, landscaping, and staircase repairs. The remodeled units have demonstrated the rent potential, offering an investor the ability to capture an extreme rental increase once fully stabilized. With a current NOI of $107,228 and a pro forma projection significantly higher, this is a rare opportunity to acquire a high-yielding asset with built-in equity upside. The heavy lifting has been done—now it’s about executing on the final stage to drive long-term cash flow growth. Serious investors only—call now to discuss financials and next steps.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$307 USD /SF

# OF UNITS

12

PRICE/UNIT

$149,583

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C-C

APN/PARCEL ID

003-222-07-00-0,003-222-08-00-3

ASK ABOUT THIS PROPERTY

Esteban ContrerasVanguard Realty InvestmentsMore Info
661-206-2447

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

Esteban ContrerasVanguard Realty InvestmentsMore Info
661-206-2447

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