2700 White Ln, Bakersfield, CA 93304
149-unit studio apartment community in Southwest Bakersfield.
- Added:
- Apr 24, 2026
- Days on Market:
- 59
- 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
Listing agent Filip Niculete License #CA:01962976 (818) 212-2763
Listing office Encino Office (818) 212-2763
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
HighLights
- 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.
- Strong Section 8 demand with existing voucher holders and approved contract rents ranging from $975 to $1,095 per month.
- Fire sprinklers and alarm systems already completed, representing substantial life‑safety capital already invested.
- Court‑supervised sale through receivership.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.43M | $23.28 |
| − Vacancy | −$85.9k | −$1.40 |
| EGI | $1.35M | $21.88 |
| − OpEx | −$605.6k | −$9.85 |
| NOI | $740.2k | $12.04 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.0342038
- Latitude
- 35.3181851