NOT LISTED FOR SALE
-- Bed
-- Bath
3,610 Sq Ft
3,049 Sq Ft Lot Lot

Sale Details

Date Sold: July 1, 2025

Last sale price $1,050,000 $291 Per Sq Ft

33 Days on Market

About This Home

As of July 2025

We are honored to present for sale this 8-unit multifamily investment located at 2115 G Street, Bakersfield, CA 93301 just a few blocks from the iconic Fox Theatre and the highly acclaimed Padre Hotel. This well-located asset consists of eight spacious 1-bedroom, 1-bathroom units, offering a compelling value-add opportunity in the heart of Downtown Bakersfield. The property is already producing strong in-place cash flow, supported by its desirable location, a history of key capital improvements (including new fencing, exterior paint, and interior unit renovations), and steady renter demand for this popular unit mix. With several units already renovated, the property offers a clear plug-and-play path to boost rental income as remaining units are updated. This is a rare opportunity to acquire a stabilized yet growth-oriented asset with both cash flow and long-term upside. For serious investors seeking location, returns, and proven performance this is one to watch.

Last Agent to Sell the Property

Esteban Contreras

Watson Realty License #01975384 Listed on: 04/10/2025

Last Buyer's Agent

Bobby Chalhoub

Broker X License #02018538

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Lot Details

  • 3,049 Sq Ft Lot

Interior Spaces

  • 3,610 Sq Ft Home
  • 2-Story Property

Schools

  • Franklin Elementary School
  • Emerson Middle School
  • Bakersfield High School

Listing and Financial Details

  • Assessor Parcel Number 00322208

Community Details

Overview

  • 8 Units
  • Bakersfield Subdivision

Building Details

  • Gross Income $111,889
  • Net Operating Income $70,546

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2006
  • Building Stories: 2
  • Deposit Amount Required: 10000.00
  • Property Sub Type: 5 - 10 Units
  • Lot Size Acres: 0.0700
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 3610.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Other

Utilities

  • Heatcool: Other

Schools

  • High School: Bakersfield
  • Middle Or Junior School: Emerson

Lot Info

  • Zoning Description: Apartments
  • Lot Size Sq Ft: 3049.00
  • Parcel #: 00322208

Multi Family

  • Total Annual Expense: 37986.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 8
  • Existing Lease Type: Net
  • Annual Gross Income: 111889.00
  • Property Net Operating Income: 70546.00

MLS Schools

  • Elementary School: Franklin
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/01/2025 07/01/25 Sold $1,050,000 0.0% $291 / Sq Ft
05/13/2025 05/13/25 Pending -- -- --
04/10/2025 04/10/25 For Sale $1,050,000 +150.9% $291 / Sq Ft
11/18/2013 11/18/13 Sold $418,500 -2.3% $116 / Sq Ft View Prior Sale
10/19/2013 10/19/13 Pending -- -- --
04/25/2013 04/25/13 For Sale $428,500 -- $119 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,329 $671,105 $23,271 $647,834
2024 $10,329 $657,947 $22,815 $635,132
2023 $10,089 $645,047 $22,368 $622,679
2022 $9,853 $632,400 $21,930 $610,470
2021 $7,635 $473,381 $13,586 $459,795
2020 $7,483 $468,528 $13,447 $455,081
2019 $7,368 $468,528 $13,447 $455,081
2018 $7,228 $450,336 $12,926 $437,410
2017 $7,210 $441,507 $12,673 $428,834
2016 $6,662 $432,851 $12,425 $420,426
2015 $6,626 $426,350 $12,239 $414,111
2014 $6,434 $418,000 $12,000 $406,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202504062

Bakersfield Association of REALTORS® / GEMLS
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