2704 Cornell Street, Bakersfield, CA 93305
  • MLS#: MD25200498 ( Commercial/Residential )
  • Street Address: 2704 Cornell Street
  • Viewed: 4
  • Price: $2,050,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1967
  • Bldg sqft: 0
  • Days On Market: 72
  • Additional Information
  • County: KERN
  • City: Bakersfield
  • Zipcode: 93305
  • Provided by: Central Valley Property Advisors
  • Contact: Eric Eric
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Exceptional multi family investment opportunity at 2700 Cornell St, Bakersfield, CA! This well maintained 17 unit property features a strong and desirable unit mix with sixteen spacious 2 bedroom, 1.5 bath units and one 3 bedroom, 2 bath unit, attracting long term tenants and maximizing rental appeal. Located in a high demand rental market, this asset consistently produces strong rental income with low vacancy, supported by Bakersfield's growing population and affordable housing demand. The property has been well cared for and offers cash flow with potential for future rent growth. With its solid income performance and location, this is a prime opportunity for any savvy investor looking to expand their portfolio.
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Features
Building Area Total
  1. 16810.00
Carport Spaces
  1. 17.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 10901.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 15248.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 137574.00
Number Of Separate Electric Meters
  1. 17
Number Of Separate Gas Meters
  1. 17
Parcel Number
  1. 02136324009
Pool Features
  1. None
Postalcodeplus4
  1. 2154
Professionalmanagementexpense
  1. 11932.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 446649468:CRM
Totalexpenses
  1. 101186.00
Trash Expense
  1. 6257.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1967
Year Built Source
  1. Appraiser