1018 Miller, Bakersfield, CA 93305
- $1,060,000
- List Price
- $1,060,000
- Status
- ACTIVE
- MLS#
- OC26186246
- Year Built
- 1950
- Lot Size
- 10,051
- Acres
- 0.23
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 2
- Property Type
- Multifamily
- Property Sub Type
- Apartment
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.
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 10
- Gross Scheduled Income
- $103,560
- Operating Expense
- 36246
Listing courtesy of Listing Agent: Eric VanDenk (ERIC@centralvalleypropertyadvisors.com) from Listing Office: Central Valley Property Adviso.
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