116 Beardsley Avenue, Bakersfield, CA 93308 - Berkshire Hathaway HomeServices California Properties
Phone949-212-2023
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116 Beardsley Avenue, Bakersfield, CA 93308

$1,595,000 Approx. USD 0 beds, 0 baths
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Listing Agent


Karine Haneyan | Karinehaneyanjh@gmail.com
Lic#: 02100210
Broker: Courtesy of JohnHart Real Estate

Agent Remarks

This property offers an exceptional high cap rate of over 9% and immediate opportunity to increase cash flow. Excellent value-add property with most rents poised for a 10% increase in 2025, with market rents reaching up to $1,375 per month, unlocking substantial revenue potential. Each unit comes with separate utility meters, making it easier to manage costs, while the roof-mounted AC units with central heating and air conditioning provide added convenience and energy efficiency. Eight units have been updated in 2024 including heaters and A/C units, plumbing and more. All units come with a parking, plus 2 guest parking spots; easily reline the lot to create even more parking spaces to increase tenant satisfaction and appeal. This is a rare opportunity for investors looking for a property with strong income growth, low operating costs, and increasing market demand. The laundry room is not being used; this can add more income if operated. The street is part of the city's beautifying project adding additional value for the years to come. Additionally, two new apartment buildings are planned in the area, boosting future demand and property value. Close to shopping and freeways, the building has a very high occupancy rate and quick turnover.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# GD25024858
Price: $1,595,000
Beds: 0
Baths: 0
Built in 1969
2 stories
0.45 acres
Lot size: 0.4500
County: Kern
Zoning: R-2
Lot description: ZeroToOneUnitAcre
MLS area: BKSF - Bakersfield

Last Updated: 5/5/2025

 Days On Market (DOM): 92

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This listing belongs to the BKSF - Bakersfield MLS area

Lat/Long: 35.405327, -119.022893.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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