210 17th Street, Bakersfield, CA 93301
List Price: $925K
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1935
Lot Size: 11,325 sq ft
Garage Spaces: 7
Private Pool: Yes
MLS Number: PW26170501
About This Property
We are pleased to present 210 17th Street, an 8-unit multifamily investment opportunity in Downtown Bakersfield. Built in 1935, the property pairs classic red-tile Spanish bungalows fronting 17th Street with a two-story rear building — vintage character product that no longer gets built. The unit mix is a split of 5 one-bedroom / one-bath and 3 two-bedroom / one-bath units on a generous 11,325 SF lot, separately metered for gas and electricity. Offered at $925,000 — $115,625 per unit and $156 per SF — the asset trades at a fraction of replacement cost. In-place rents average $1,060 — the one-bedrooms as low as $600 — versus $1,095 and $1,195 at market. The property will be delivered with five vacant units, providing investors with an exceptional value-add opportunity to immediately renovate, lease at market rents, and accelerate NOI growth from day one. Positioned in the 93301 zip code blocks from the Chester Avenue core, the Fox Theater, and Bakersfield High School, the property draws on the deep workforce renter base of California's 9th largest city. Current income delivers a 6.02% cap rate day one, underwriting to an 6.84% market cap as units roll — a +8% lift in gross scheduled income.
Listing provided by: Ryan Gonzalez DRE #01874815 310-425-9838 ryan.gonzalez@lyonstahl.com, Lyon Stahl Investment Real Est
Source: CRMLS, MLS #: PW26170501
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.