4501 Columbus St, Bakersfield, CA 93306

Property Description

Situated in the desirable upper Northeast Bakersfield submarket, 4501 Columbus Street presents a rare opportunity to acquire a well-located 25-unit multifamily community offered at $2,783,000 ($111,320 per unit). Built between 1966-1967 and encompassing approximately 25,896 square feet, the property features a diverse unit mix including 7 spacious 2-bedroom/2.25-bath townhomes, 12 2-bedroom/2-bath units, 5 1-bedroom/1-bath units, and 1 large 3-bedroom/2-bath unit appealing to a broad tenant base. Recent capital improvements include a freshly painted exterior and a recently replaced (2) roofs, reducing near-term maintenance expenses. Current rents range from $829 to $1,400, providing investors with immediate upside through strategic rent increases and operational efficiencies. Ideally located near the scenic Panorama Bluffs, Bakersfield College, and the Bakersfield Country Club, the property benefits from strong rental demand and convenient access to local amenities.