Bakersfield, CA 93304 729 L Street
$3,800,000
0 more
Presented By: Richard Schulman with KW SELA;
- MLS# 25530353
- 04/29/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 48
Baths • 48
SQFT • 20,560
Garage • 32
Home Details
Exceptional investment property featuring 16 units located in the heart of Bakersfield. This multi-family asset offers strong rental income potential with a mix of unit sizes to attract a diverse tenant base. Centrally located near downtown, public transportation, and major highways, this property is ideal for investors seeking stable cash flow and long-term appreciation. Don't miss out on this rare 16-unit opportunity in a high-demand rental area!
Presented By: Richard Schulman with KW SELA;
Interior Features for 729 L Street
Bedrooms
Total Bedrooms48
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths48
Other Interior Features
LivingAreaSourceOther
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
FlooringCarpet
Heating Y/NYes
Total Stories2
General for 729 L Street
Additional Parcels Y/NNo
AppliancesDishwasher, Refrigerator, Dryer, Washer
Attached Garage No
Cap Rate5.4
Carport Y/NNo
CityBakersfield
CountyKern
DirectionsSouth of California Ave, East of Chester Ave
Electric On Property Y/NNo
Full Baths
Garage Spaces32.0
Garage Y/NYes
Gross Income301079.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet35640.0
Lot Size UnitsSquareFeet
MLS AreaBAKR - Baker
MobileHomeRemainsYNNo
Net Operating Income204506.0
New ConstructionNo
Number Of Units Total16
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Waterfront Y/NNo
Year Built2008
ZoningR-3 Multi-Family Dwelling
Exterior for 729 L Street
Building Area Total20560.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.8182
Lot Size Area35640.0
Lot Size SourceAppraiser
Number of Buildings8
Open Parking Y/NNo
Parking FeaturesDriveway, Garage
Private PoolNo
SpaNo
Total Parking32.0
Additional Details
Price History
Hal Schlegel
Broker Associate