330 Roberts Ln 18 Unit Apartment Building $2,750,859 CAD ($152,826 CAD/Unit) 6% Cap Rate Bakersfield, CA 93308

Well-positioned multifamily investment opportunity located in the strong rental market of North Bakersfield. Built in 1982, the property consists of approximately 9,785 square feet of building space situated on a 29,620 square foot lot, providing ample space for tenant parking and accessibility. The property offers approximately 40 on-site parking spaces, a highly desirable feature for tenant convenience and occupancy stability.
The asset benefits from 5 Section 8 contracts, offering stable, government-backed rental income and helping reduce vacancy risk. Bakersfield continues to experience steady demand for affordable housing, making this an attractive opportunity for both new and experienced investors seeking reliable cash flow and long-term stability.
The property provides convenient access to major transportation routes including California State Route 99, as well as primary corridors such as Airport Drive and North Chester Avenue, allowing residents efficient connectivity to employment centers, retail, and daily amenities throughout the Bakersfield area. Nearby shopping, dining, and services are easily accessible, with regional retail located at Valley Plaza Mall, one of the largest shopping destinations in the San Joaquin Valley.
Surrounded by established residential neighborhoods, the property benefits from consistent rental demand and ongoing area growth, supporting long-term investment performance and value appreciation.