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2410 S M Street

Bakersfield, CA 93304

– beds
– baths
– sqft
~1/2 acre lot
1984 build
– on site

CBRE, Inc. is pleased to exclusively present 2410 S. M Street, a twenty-unit multifamily investment property in Bakersfield, California. On the market for the first time in 20 years, The M Street Apartments are located three minutes from the Bakersfield Municipal Airport and 1 hour and 20 minutes from The City of Los Angeles. Constructed in 1984, the 20-unit 7,144 square foot building sits on a 16,988 square foot lot. 50% of the gross revenue is government subsidized via HUD and CalVet, providing the new owner security of cash flow. The property has a unit mix of 20 studio/1 bath units with an uncovered parking lot and serviced by three central water heaters. The roofs on both buildings have also been replaced within the last 24 months. The M Street apartments are a true value-add investment opportunity for an astute investor looking for a hedge against inflation. Please contact listing agents for more information.

Listed By CRMLS_CA / Manny Nunez / CB Richard Ellis, Inc.

Last checked: Checking… • Last updated Nov 18, 2024 •

MLS# 24414483 —

The Building

Year Built:

1984
New Construction:

No
Building Area Total:

7144.00
# of Buildings:

2
Total Number Of Units:

20
Stories Total:

2
# of Separate Electric Meters:

20

Interior

Levels:

Two

Location

Directions:

2410 S M Street
Latitude:

35.33251000
Longitude:

-119.01499100

The Property

Property Type:

Residential Income
Zoning:

C-1
Lot Size Area:

16928.0000
Lot Size Acres:

0.3886
Lot Size SqFt:

16928.00

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

16615202003

Heating & Cooling

Heating:

1
Heating:

Wall Furnace

Appliances

Appliances:

Refrigerator
Included:

Yes

The Community

Senior Community:

No
Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Unassigned, Uncovered

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/4/24 Nov 4, 2024	Price Changed	CRMLS_CA	$1,399,899	0.0%
10/16/24 Oct 16, 2024	Price Changed	CRMLS_CA	$1,399,900	-6.6%
7/31/24 Jul 31, 2024	Price Changed	CRMLS_CA	$1,499,000	-4.6%

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This multifamily located in South Bakersfield, Bakersfield, CA 93304 is currently for sale for $1,399,899. 2410 S M Street is a – square foot multifamily with – beds and – baths that has been on Estately for 132 days. 2410 S M Street is in the South Bakersfield neighborhood of Bakersfield and has a WalkScore® of 69, making it somewhat walkable. This multifamily is in the attendance area of Frank West Elementary School, South High School, and Curran Middle School.

Listing Courtesy of: CRMLS_CA and CB Richard Ellis, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 18:58 on Nov 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.