28
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$2,100,000
Est. payment /mo
6,104 SqFt
Active
4023 O Street Bakersfield, CA 93301
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Key Details
Property Type Commercial
Sub Type 5 - 10 Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,104 sqft
Price per Sqft $344
MLS Listing ID 202512612
Year Built 1986
Property Sub-Type 5 - 10 Units
Property Description
-- Prime Value-Add Multifamily + Approved 22-Unit Development Opportunity --Rare chance to acquire a *7-unit apartment portfolio* across two well-maintained buildings *4-Plex* and *Triplex* positioned on a large parcel with tremendous upside. This property includes fully approved plans by the City of Bakersfield for a new 22-unit multifamily project, offering investors and developers the ability to earn immediate cash flow from the existing 7 (2 Bed, 1.75 Bath, Indoor Laundry) units while advancing a high-density expansion. All plans and approvals are in place, saving valuable time and reducing upfront development risk. Whether you're looking to grow your portfolio or build out a new multifamily community, this asset delivers strong current income, exceptional future value, and a path to long-term returns. A true turnkey opportunity with major potential in a growing market.
Location
State CA
County Kern
Area 21
Exterior
Parking Features Carport
Building
Story 2
Schools
Elementary Schools Hills, Stella
Middle Schools Emerson
High Schools North
Listed by Eric Mora • The Mora Partners Inc.
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