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2115 G St, Bakersfield, CA 93301

$955,416

Last sold 07/01/2025 for $1.05M

—
bed
—
bath
3,610
Sqft ($291/Sqft)

House not for sale

About 2115 G St

Property type House

Neighborhood

Year built 2006

HOA fee $0/month

Lot size 3,049 Sqft

Movoto estimate

Rental estimate

Property description

We are honored to present for sale this 8-unit multifamily investment located at 2115 G Street, Bakersfield, CA 93301 just a few blocks from the iconic Fox Theatre and the highly acclaimed Padre Hotel. This well-located asset consists of eight spacious 1-bedroom, 1-bathroom units, offering a compelling value-add opportunity in the heart of Downtown Bakersfield. The property is already producing strong in-place cash flow, supported by its desirable location, a history of key capital improvements (including new fencing, exterior paint, and interior unit renovations), and steady renter demand for this popular unit mix. With several units already renovated, the property offers a clear plug-and-play path to boost rental income as remaining units are updated. This is a rare opportunity to acquire a stabilized yet growth-oriented asset with both cash flow and long-term upside. For serious investors seeking location, returns, and proven performance this is one to watch.

Listed by

Listing Agent - Esteban Contreras

Listing Agent Contact: 661-617-0074

Listing Office - Watson Realty

Source: GEMLS

MLS#202504062 • last updated 1 year ago

Movoto checked GEMLS for data 19 minutes ago

Overview
Cooling/AC	Other
Levels/Style	2
MLS #	202504062
SqFt	3610
SubType	5 - 10 Units
Status	Sold
Type	Residential Income
Lot Size (SqFt)	3049
Year Built	2006

Exterior
Parking	Other

Location
County	Kern
Subdivision	Bakersfield
Neighborhood	Old Westchester
Middle School	Emerson
High School	Bakersfield
Elementary School	Franklin
Elementary School District	Bakersfield City

Multifamily Details
Total # of Units	8
Vacancy Factor	3
Annual Net Income	70546
Cap Rate %	0.07
Annual Gross Income	111889
Total Annual Expense	37986

$955K

Range: $859K-$1.05M

Last 30 days

Rental est.: $1,072/month

• Gross rent multiplier: 81.6

Lower your payment with the loan terms that fit you.

Jul 2025
Public Records
Jul 1, 2025 Sold
$1,050,000
Jul 2025
MLS # 202504062
Jul 1, 2025 Sold
$1,050,000
May 13, 2025 Pending
—
Apr 10, 2025 Listed
$1,050,000 (-40.0%)
Apr 2025
MLS # 202502099
Apr 1, 2025 Price Change
$1,750,000 (-2.5%)
Feb 20, 2025 Listed
$1,795,000 (-3.0%)
Nov 2024
MLS # MD24237689
Nov 20, 2024 Listed
$1,850,000
Nov 2024
MLS # 202410326
Nov 15, 2024 Price Change
$1,850,000 (-2.6%)
Oct 7, 2024 Listed
$1,900,000 (+206.5%)
Apr 2021
MLS # 202007239
Apr 27, 2021 Sold
$620,000
Sep 23, 2020 Pending
—
May 21, 2020 Listed
$900,000
Apr 2021
Public Records
Apr 26, 2021 Sold
$620,000 (-31.1%)
May 2020
MLS # 202004952
May 21, 2020 Listed
$900,000
Nov 2019
MLS # 21913675
Nov 20, 2019 Listed
$900,000 (+115.1%)
Nov 2013
Public Records
Nov 18, 2013 Sold
$418,500

Year Property taxes Tax assessment
2024
$10,329 +2.4%

$671,105 +4.04%
2023
$10,089 +2.4%

$645,047
2022
$9,853 +29.0%

$645,047 +2.0%
2021
$7,635

$632,400 +33.59%
2020
$7,635

$473,381

2115 G St
$1.05M
Downtown Bakersfield
$314K +45% y/y
93301
$450K +8% y/y
Bakersfield
$440K +2% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
1722 22nd St, Bakersfield, CA 93301	$170,000	2/1	862	0.06
2005 G St, Bakersfield, CA 93301	$335,000	4/2	1,368	0.07
2212 G St, Bakersfield, CA 93301	$289,000	2/2	1,780	0.07
2214 G St, Bakersfield, CA 93301	$256,000	2/1	1,144	0.08
1816 20th St, Bakersfield, CA 93301	$143,000	1/1	667	0.09
2118 E St, Bakersfield, CA 93301	$175,000	2/1	888	0.09
2112 E St, Bakersfield, CA 93301	$183,000	3/1	984	0.1
2124 E St #abc, Bakersfield, CA 93301	$448,000	4/3	2,035	0.1

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.