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$1,060,000
Est. payment /mo
10,049 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26186246
HOA Y/N No
Year Built 1950
Lot Size 10,049 Sqft
Property Sub-Type Apartment
Property Description
Located at 1018 Miller St in Bakersfield, CA, this well-positioned 10-unit multifamily asset offers a uniform floor plan of 1-bedroom, 1-bathroom units, providing operational simplicity and broad tenant appeal. The property currently generates gross annual income in excess of $103,000, reflecting consistent, in-place cash flow from a fully uniform unit mix. Bakersfield's steady rental demand, driven by its diverse local economy and relative affordability compared to coastal California markets, supports continued occupancy strength and upside potential through future rent growth or value-add improvements. With uniform units simplifying maintenance and management, 1018 Miller St presents an attractive opportunity for investors seeking a well-positioned, income-producing multifamily asset in a growing Central Valley submarket.
Location
State CA
County Kern
Area Bksf - Bakersfield
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 01540006002
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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Listed by Eric VanDenk Central Valley Property Adviso 419-206-7117, DRE #02071696
Nearby Locations
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