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2700 White Ln Bakersfield, CA 93304

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For Sale
$8,950,000

149-unit studio apartment community in Southwest Bakersfield.

Type:Investment
Property size:
61,500 SF
Added:
Apr 24, 2026
Days on Market:
5
Last Refresh:
Apr 24 at 4:46 pm

Property Features for 2700 White Ln

General Information

Standard status
Active
Size
61,500 SF
Property subtype
Investment

Building Details

Year Built
1965

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Listing Contact
Filip Niculete

Listing agent Filip Niculete License #CA:01905352

Listing office Encino Office

Listing date Apr 24, 2026

Source Elliman

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 Encino Office


Overview

Studio Apartment Community For Sale

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 was converted to multifamily use under Conditional Use Permit 23-0642, approved on February 29, 2024. The two-story, L-shaped property includes 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 provides a kidney-shaped swimming pool and a large surface parking lot. The property benefits from freeway visibility, with Highway 99 carrying over 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 are leased to Section 8 voucher holders, and 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 - 149-unit studio apartment community in Southwest Bakersfield.
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 $8,950,000.
What are key features of this property?
This property features: Heavy value‑add opportunity with defined scope of remaining work for conversion to multifamily use under Conditional Use Permit 23‑0642.; Strong rental comparables support a stabilized rent assumption of $1,075 per month.; High visibility location at the Highway 99 interchange with direct access from White Lane.
More about this property
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