149-Unit Studio Apartment
2700 White Ln, Bakersfield, CA 93304
Call to check price and availability
Value-add opportunity in Southwest Bakersfield's Wible Orchard neighborhood.
Type:Multifamily
Property size:
61,500 SFPrice / SF:
$161/SF- Added:
- Feb 20, 2026
- Days on Market:
- 80
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 2700 White Ln
General Information
- Standard status
- Active
- Size
- 61,500 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1965
Listing agent Filip Niculete License #CA 01905352
Listing office Marcus & Millichap - Encino (818) 357-9525
Listing date Feb 20, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Encino
HighLights
- Heavy value‑add opportunity with a defined scope of remaining work for CUP compliance, estimated at $1.0M to $1.3M including permits, engineering, security fence, and contingency.
- Strong Section 8 demand in the Southwest Bakersfield submarket, with approximately 40% of occupied units currently leased to voucher holders and approved contract rents ranging from $975 to $1,095 per month.
- Court‑supervised sale through receivership.
- Favorable location with exceptional freeway visibility on Highway 99 (170,000+ vehicles per day) and direct access from White Lane.
- Strong rental comparables, with Ming Tree Apartments achieving $1,075 per month for studios, supporting a conservative stabilized rent assumption at the subject property.
- Fire sprinklers and alarm systems have already been completed in accordance with the CUP, representing substantial life‑safety capital already invested.
Overview
Located at the Highway 99 interchange in Southwest Bakersfield's Wible Orchard neighborhood, 2700 White Lane is a 149-unit studio apartment community. Originally built in 1965 as a Howard Johnson hotel, the property has been converted to multifamily use under Conditional Use Permit 23-0642, approved on February 29, 2024. The two-story, L-shaped property contains approximately 61,500 square feet of building area. The 149 studio units average approximately 400 square feet each, and feature kitchenettes in a hotel-conversion format and exterior corridors. The site includes a kidney-shaped swimming pool and a large surface parking lot. The property benefits from exceptional freeway visibility, with Highway 99 carrying more than 170,000 vehicles per day, and direct access from White Lane. Valley Plaza Mall is approximately two miles east and Downtown Bakersfield approximately five miles northeast. The property currently operates at 65.1% occupancy, with 97 units leased and 52 vacant. Approximately 40% of occupied units (~39 units) are leased to Section 8 voucher holders. The Bakersfield Housing Authority has approved contract rents at this address ranging from $975 to $1,095 per month. Remaining CUP compliance items include five 8-by-20-foot masonry trash enclosures, six ADA parking stalls and path of travel, Los Carneros and White Lane sidewalk replacement, drive approaches and management signage, parking lot slurry seal and restripe, streetlight installation, landscaping, and perimeter security fence and gates.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Shirley house
Apartment Building
Cheryl's place
Housing Development
Howard Johnson by ...
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.0342038
- Latitude
- 35.3181851
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Value-add opportunity in Southwest Bakersfield's Wible Orchard neighborhood.
Where is this apartment building located?
The property is located at 2700 White Ln Bakersfield, CA.
What is the asking price?
The asking price for this property is $9,950,000.
What are key features of this property?
This property features: Heavy value‑add opportunity with a defined scope of remaining work for CUP compliance, estimated at $1.0M to $1.3M including permits, engineering, security fence, and contingency.; Strong Section 8 demand in the Southwest Bakersfield submarket, with approximately 40% of occupied units currently leased to voucher holders and approved contract rents ranging from $975 to $1,095 per month.; Court‑supervised sale through receivership.
