2208 Lake Street

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2208 Lake Street

Bakersfield, CA 93305
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Four-unit multifamily apartment building available for purchase
  • Located at 2208 Lake Street in Bakersfield
  • Asset sits within a significant Southern California submarket
  • Provides investment potential for residential rental portfolios
  • Positioned near regional economic hubs and transit routes

What's Special

Investors seeking to expand their residential holdings will find a functional acquisition in this four-unit multifamily apartment building located at 2208 Lake Street in Bakersfield, California. This asset provides a stable foundation for a rental portfolio in a region that serves as a central hub for the energy and agricultural sectors within the Southern San Joaquin Valley. The property layout facilitates straightforward management for those focused on mid-sized residential assets in an established submarket. The density of this building allows for consistent occupancy potential, appealing to long-term tenants who prioritize accessibility within the Bakersfield area. Its location supports a variety of management strategies, whether the objective is a buy-and-hold approach or a systematic value-add program. Proximity to major regional transit corridors enhances the overall utility of this site for the local workforce. Consistent demand for housing in this metropolitan area remains a primary driver for multifamily stability, making this an addition worth evaluating for any professional portfolio.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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