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$ 1,500,000
Est. payment | /mo
8,212 SqFt
$ 1,500,000
Est. payment | /mo
8,212 SqFt
Key Details
Property Type Commercial
Sub Type 11 Plus
Listing Status Pending
Purchase Type For Sale
Square Footage 8,212 sqft
Price per Sqft $182
MLS Listing ID 202609042
Year Built 1937
Property Sub-Type 11 Plus
Property Description
For the first time since 1977, 2300 D Street is being offered for sale, presenting a truly rare opportunity to acquire one of Downtown Bakersfield's most recognizable and sought-after multifamily properties. Built between 1937 and 1940, this landmark 11-unit property is offered at $1,500,000 and consists of approximately 8,212 square feet of improvements on a 22,202-square-foot CO-zoned lot. At the asking price, the property offers an attractive 8.8 Gross Rent Multiplier based on actual rents. The distinctive unit mix includes six 1-bedroom/1-bath units, four of which are individual cottages; two 2-bedroom/1-bath units, including one cottage; Two 1-bedroom unit with a bonus room; and one studio, along with a small office/maintenance room. An exceptional amenity for a property of this vintage, 10 of the 11 units have access to a one-car garage, with the remaining unit served by a carport.
Location
State CA
County Kern
Area 10
Exterior
Parking Features Garage, Carport, Uncovered
Parking On Site 11
Building
Story 1
Schools
Elementary Schools Franklin
Middle Schools Emerson
High Schools Bakersfield
Listed by Marc A Thurston • ASU Commercial
"I help attract and support high-performing real estate agents by fostering a collaborative culture where professionals can grow, succeed, and deliver exceptional service to their clients."