$5,100,000
$5,395,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
17,659 SqFt
SOLD DATE : 10/30/2025
Key Details
Sold Price $5,100,000
Property Type Commercial
Sub Type 11 Plus
Listing Status Sold
Purchase Type For Sale
Square Footage 17,659 sqft
Price per Sqft $288
MLS Listing ID 202508457
Sold Date 10/30/25
Year Built 1972
Property Sub-Type 11 Plus
Property Description
Located at 2510-2524 Haley Street in Bakersfield, California, this rare offering includes two side-by-side multifamily properties totaling 56 units across buildings constructed in 1968 and 1972. The unit mix features 20 one-bedroom/one-bath units, 24 two-bedroom/1.75-bath units, and 12 studio units, providing a versatile layout for tenant demand. Additionally, there is an unpermitted office and managers unit. The property includes two on-site laundry room and is priced at $5,395,000just $96,399 per unit or $129 per square foot. With a solid 5.62% Cap Rate and an attractive 8.27 Gross Rent Multiplier, this investment offers strong in-place income and long-term upside.
Location
State CA
County Kern
Area 31
Exterior
Parking Features Carport, Uncovered
Building
Story 2
Schools
Elementary Schools Noble, Myra A.
Middle Schools Washington
High Schools Highland
School District Bakersfield City
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Bought with Marc A Thurston • ASU Commercial
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