Investment Overview

Marcus & Millichap is pleased to present a unique investment opportunity in Bakersfield, CA. This 35-unit apartment complex is located at 1906 18th Street Bakersfield, CA 93301. This distinctive property, built in 1912, showcases a New York-style architectural charm with a vintage touch, setting it apart from typical apartment offerings in the area. The building's classic design includes twelve well-appointed 1 Bed / 1 Bath units and twenty-three cozy studio apartments, providing a diverse rental offering for prospective tenants. Situated in the sought-after Westchester submarket, this property benefits from its Downtown influence. The New Yorker is near the Padre Hotel, a key landmark that adds to the area’s allure and desirability for both investors and tenants. The Downtown neighborhood is known for its character and convenience, making this location a prime spot for attracting tenants who appreciate both historical charm and modern amenities. Additionally, the area boasts an array of boutique shops and cafés that enhance the neighborhood's appeal and offer a lively atmosphere. Properties of this unique caliber rarely linger on the market, and when they do, they tend to sell quickly. Marcus & Millichap’s expertise in marketing and real estate ensures that this distinctive apartment complex will garner significant interest. Don’t miss out on the chance to invest in this exceptional property, which offers both historical value and stable rental income potential.