Turnkey Multifamily Investment
1800 Forrest Street, Bakersfield, CA 93304
MULTI_FAMILY - Bakersfield, CA
Property size:
4,272 SFLot size:
0.28 AcresPrice / SF:
$286/SF- Added:
- Apr 7, 2026
- Days on Market:
- 56
- Last Refresh:
- Jun 1 at 3:06 pm
Property Features for 1800 Forrest Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Standard status
- Active Under Contract
- APN
- 00719712
- Size
- 4,272 SF
- Lot size
- 0.28 Acres
Building Details
- Year built
- 1919
- Floors in Building
- 1
- Number of units
- 8
Listing agent Troy T Lei (661) 342-0095
Listing office Miramar Realty 9700 Stockdale Hwy, Suite 329, Bakersfield, CA (661) 381-6500
Listing date Apr 7, 2026
MLS# 202603702
Listing URL
Copyright © 2026 Bakersfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turnkey, fully renovated 8‑unit Spanish‑style multifamily property.
- Strong in‑place income: $9,000/month ($108K annually) with rents at or near market value.
- No construction, lease‑up, or rent speculation risk due to recent full rehab.
- Desirable central location.
- Ideal unit mix: Primarily 1‑bedroom units with washer/dryer hookups, plus two 2‑bedroom units.
- Low‑maintenance asset, ideal for investors.
Overview
This is a fully renovated 8-unit Spanish-style multifamily property. Priced at $1.2M, it generates $9,000 per month, totaling $108,000 annually, with rents at or near market rates. The property combines character, functionality, and a clean operational profile, enhanced by a desirable central location. The seller has completed a full rehabilitation, presenting investors with a turnkey situation, eliminating construction, lease-up, and rent speculation risks. This makes it ideal for investors seeking a low-maintenance asset. The unit mix is suited for the current market, featuring primarily 1-bedroom units renting for $1,100, equipped with washer and dryer hookups, along with two 2-bedroom units renting for $1,200. This caters to a renter profile that maintains consistent occupancy. All units include washer and dryer hookups. The property is situated on a 0.28-acre lot and the building size is 4,272 square feet. The property is located in Bakersfield, CA.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.022331
- Latitude
- 35.365157
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully renovated 8-unit Spanish-style property with strong in-place income.
Where is this apartment building located?
The property is located at 1800 Forrest Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Turnkey, **fully renovated 8‑unit Spanish‑style multifamily property.**; **Strong in‑place income:** $9,000/month ($108K annually) with rents at or near market value.; No construction, lease‑up, or rent speculation risk due to recent full rehab.
