2300 D St, Bakersfield, CA 93301

Property Description

For the first time since 1977, 2300 D Street is being offered for sale, presenting a truly rare opportunity to acquire one of Downtown Bakersfield's most recognizable and sought-after multifamily properties. Built between 1937 and 1940, this landmark 11-unit property is offered at $1,500,000 and consists of approximately 8,212 square feet of improvements on a 22,202-square-foot CO-zoned lot. At the asking price, the property offers an attractive 8.8 Gross Rent Multiplier based on actual rents. The distinctive unit mix includes six 1-bedroom/1-bath units, four of which are individual cottages; two 2-bedroom/1-bath units, including one cottage; Two 1-bedroom unit with a bonus room; and one studio, along with a small office/maintenance room. An exceptional amenity for a property of this vintage, 10 of the 11 units have access to a one-car garage, with the remaining unit served by a carport.