2212 Lake

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2212 Lake

Bakersfield, CA 93305
Asking Price
$445K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building available for sale in Bakersfield
  • Asset consists of four distinct residential rental units
  • Offered to the market at an asking price of $445,000
  • Located within the 93305 zip code of central California
  • Positioned in a stable market supported by diversified local industries

What's Special

This multifamily property in Bakersfield, California, is currently available for sale, presenting a straightforward acquisition for investors focused on small-scale residential holdings. Comprised of four units, the apartment building provides a defined footprint for portfolio expansion within this significant central valley market. Bakersfield serves as a critical logistics and agricultural hub, supporting a stable rental base due to its diversified economic landscape and consistent population growth. The asset is well-positioned for those seeking to implement value-add management strategies or stabilize existing residential revenue streams in a high-demand suburban environment. Given its unit count and scale, the building is suited for private investors or boutique operators looking for manageable multi-family assets that benefit from the region's steady housing demand. With its location in the 93305 zip code, the property maintains accessibility to local transit corridors and established residential neighborhoods, facilitating reliable tenant attraction and retention over the long term.

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NOI
$80,000
Cap Rate
17.98%
DSCR
3.03
Strong
Cash-on-Cash
40.14%
Monthly Payment
$2,201.617
Annual Cash Flow
$53,580.594

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