6300 Castleford St Bakersfield, CA 93313

This stabilized Class B multifamily investment property, located at 6300 Castleford Street, Bakersfield, CA 93313, presents a compelling opportunity. The property boasts a strong 5.12% capitalization rate, generating a net operating income (NOI) of $42,565 annually. Built in 1987, this two-story building comprises four units, each offering approximately 1,144 square feet of living space. Each unit includes three spacious bedrooms, two full bathrooms, and convenient washer and dryer hookups. Residents enjoy the added benefit of a private one-car garage and additional off-street parking. The property sits on a sizable 12,996 square foot lot, offering ample space. Currently operating at 100% occupancy, this 4,576 square foot building represents a turnkey investment with significant potential. The asking price is $820,000. The property is suitable for a 1031 exchange. All information should be verified by the buyer. Offers are subject to interior inspection. Do not disturb tenants. APN: 371-452-12.