Investment Overview

Marcus and Millichap is pleased to present this 4 unit multi-family property. Nestled in one of Bakersfield’s most charming and historic neighborhoods, located at 2528 Park Way. Built in 1935, this property offers a unique investment opportunity with timeless appeal. The property consists of four units, thoughtfully designed to provide both functionality and comfort. The unit mix includes two spacious one-bedroom units, each approximately 850 square feet and featuring a personal laundry room plus a bonus basement room that can be used as an additional bedroom, office, or storage. The other two units are large studios with a distinctive floorplan and approximately 544 square feet each, creating a total rentable area of 2,787 square feet. Situated on a 6,558 square foot lot, this multifamily property has been designed to maximize livability and long-term rental potential. The neighborhood surrounding Park Way is known for its classic architecture and quiet tree-lined streets that have retained their original character over the years, creating a uniquely attractive environment for tenants and investors alike. This property is conveniently located around the corner from Bakersfield College, a long-standing institution founded in 1913 that today serves more than 33,000 students. With constant demand for student housing and proximity to the college’s campus, the property is ideally positioned to capture consistent rental interest while maintaining stability in occupancy. Beyond the charm of the immediate area, the property also benefits from close access to major retail shopping centers, restaurants, and entertainment venues. Just minutes from Downtown Bakersfield, tenants enjoy easy access to employment hubs, cultural attractions, and local dining. The neighborhood strikes a balance between quiet residential living and connectivity to the heart of the city. With its unique character, strong rental fundamentals, and strategic location, 2528 Park Way represents a rare chance to acquire a stable multifamily asset in one of Bakersfield’s most sought-after areas.