2700 Cornell St Bakersfield, CA 93305
College Heights NeighborhoodEstimated payment $12,232/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1967
Parking
- Carport
Interior Spaces
- 16,810 Sq Ft Home
- 2-Story Property
Schools
- College Heights Elementary School
- Compton Middle School
- East High School
Additional Features
- 0.62 Acre Lot
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 02136324
Community Details
Overview
- 17 Units
Building Details
- Gross Income $238,761
- Net Operating Income $137,574
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/08/2025 10/08/25 | Price Changed | $1,990,000 | -1.5% | $118 / Sq Ft |
| 10/01/2025 10/01/25 | Price Changed | $2,020,000 | -1.5% | $120 / Sq Ft |
| 09/10/2025 09/10/25 | Price Changed | $2,050,000 | -2.4% | $122 / Sq Ft |
| 08/19/2025 08/19/25 | Price Changed | $2,100,000 | -6.7% | $125 / Sq Ft |
| 07/07/2025 07/07/25 | For Sale | $2,250,000 | -- | $134 / Sq Ft |
Source: Bakersfield Association of REALTORS® / GEMLS
MLS Number: 202507599
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Information is deemed reliable but not guaranteed.
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