For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

2700 White Ln Bakersfield, CA 93304

View on Map
Loading data...
Loading data...
Loading data...
For Sale
$9,950,000

Value-add opportunity in Southwest Bakersfield's Wible Orchard neighborhood.

Lot size:
2.72 Acres

Property Features for 2700 White Ln

General Information

Standard status
Active
Lot size
2.72 Acres

Building Details

Year built
1965

We can help!

Listing Contact
Filip Niculete
Source: Crexi

Listing Agency: Marcus & Millichap - Encino Listing Agent: Filip Niculete

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

Learn more


Overview

149-Unit Studio Apartment Community

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.
Location Intelligence

Current Use by Public Records

Shirley house Apartment Building Cheryl's place Housing Development Howard Johnson by ... Hotel & Motel

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Bakersfield
County
Kern
State
California
Longitude
-119.0342038
Latitude
35.3181851

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.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message