210 17th Street, Bakersfield, CA 93301
210 17th Street, Bakersfield, CA 93301
210 17th Street, Bakersfield, CA 93301
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Lucio Real Estate Group

Lucio Real Estate Group

+1(805) 512-0065
$870,000
Est. payment /mo
0.26 Acres Lot
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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26170501

HOA Y/N No

Year Built 1935

Lot Size 0.260 Acres

Property Sub-Type Apartment

Property Description

We are pleased to present 210 17th Street, an 8-unit multifamily investment opportunity in Downtown Bakersfield. Built in 1935, the property pairs classic red-tile Spanish bungalows fronting 17th Street with a two-story rear building — vintage character product that no longer gets built.
The unit mix is a split of 5 one-bedroom / one-bath and 3 two-bedroom / one-bath units on a generous 11,325 SF lot, separately metered for gas and electricity. Offered at $925,000 — $115,625 per unit and $156 per SF — the asset trades at a fraction of replacement cost. In-place rents average $1,060 — the one-bedrooms as low as $600 — versus $1,095 and $1,195 at market. The property will be delivered with five vacant units, providing investors with an exceptional value-add opportunity to immediately renovate, lease at market rents, and accelerate NOI growth from day one.
Positioned in the 93301 zip code blocks from the Chester Avenue core, the Fox Theater, and Bakersfield High School, the property draws on the deep workforce renter base of California's 9th largest city. Current income delivers a 6.02% cap rate day one, underwriting to an 6.84% market cap as units roll — a +8% lift in gross scheduled income.

Location

State CA

County Kern

Area Bksf - Bakersfield

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 7.0

Garage Description 7.0

Pool None

Community Features Street Lights, Suburban

Total Parking Spaces 7

Private Pool No

Building

Lot Description Back Yard, Front Yard, Garden

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 00612328000

Energy Description 1640.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Ryan Gonzalez Lyon Stahl Investment Real Est ryan.gonzalez@lyonstahl.com, DRE #01874815

Nearby Locations

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Lucio Real Estate Group
Lucio Real Estate Group

Broker Associate License ID: 01893011

+1(805) 512-0065

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA 93036, USA

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210 17th Street

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