9
See all 9 photos
$1,100,000
Est. payment /mo
3,808 SqFt
Active
1018 Miller Street Bakersfield, CA 93305
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Key Details
Property Type Commercial
Sub Type 5 - 10 Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,808 sqft
Price per Sqft $288
MLS Listing ID 202607255
Year Built 1950
Property Sub-Type 5 - 10 Units
Property Description
Located at 1018 Miller St in Bakersfield, CA, this well-positioned 10-unit multifamily asset offers a uniform floor plan of 1-bedroom, 1-bathroom units, providing operational simplicity and broad tenant appeal. The property currently generates gross annual income in excess of $103,000, reflecting consistent, in-place cash flow from a fully uniform unit mix. Bakersfield's steady rental demand, driven by its diverse local economy and relative affordability compared to coastal California markets, supports continued occupancy strength and upside potential through future rent growth or value-add improvements. With uniform units simplifying maintenance and management, 1018 Miller St presents an attractive opportunity for investors seeking a well-positioned, income-producing multifamily asset in a growing Central Valley submarket.
Location
State CA
County Kern
Area 31
Exterior
Parking Features Other
Building
Story 2
Schools
Elementary Schools Williams_Bak
High Schools East
Listed by Eric VanDenk • Central Valley Property Advisors
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